Brokers Issue Forecasts for Leggett & Platt Q3 Earnings

Key Points

• Zacks Research lowered its Q3 2026 EPS forecast for Leggett & Platt to $0.28 from $0.29 and maintained a “Hold” rating, while projecting $1.00 in FY2026 earnings.
• Leggett & Platt’s latest quarterly results exceeded expectations, with EPS of $0.39 versus the $0.26 consensus and revenue of $999.7 million; however, revenue declined 5.5% year over year.
• The stock opened at $9.35, near its one-year low and below its 50- and 200-day moving averages. Analysts maintain a consensus “Hold” rating with a $10.67 price target, while the company pays a $0.05 quarterly dividend yielding about 2.1%.

Leggett & Platt, Incorporated (NYSE:LEG - Free Report) - Analysts at Zacks Research lowered their Q3 2026 earnings estimates for shares of Leggett & Platt in a report released on Thursday, August 20th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.28 for the quarter, down from their prior forecast of $0.29. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Leggett & Platt's current full-year earnings is $1.04 per share. Zacks Research also issued estimates for Leggett & Platt's Q4 2026 earnings at $0.18 EPS, FY2026 earnings at $1.00 EPS, Q1 2027 earnings at $0.22 EPS, Q2 2027 earnings at $0.32 EPS, Q3 2027 earnings at $0.32 EPS, Q4 2027 earnings at $0.26 EPS, FY2027 earnings at $1.12 EPS, Q1 2028 earnings at $0.28 EPS and Q2 2028 earnings at $0.32 EPS.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.13. The firm had revenue of $999.70 million for the quarter, compared to analysts' expectations of $982.86 million. Leggett & Platt had a return on equity of 13.31% and a net margin of 5.64%.The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share.

LEG has been the topic of several other research reports. Piper Sandler reduced their target price on shares of Leggett & Platt from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Wednesday, August 12th. Weiss Ratings cut Leggett & Platt from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, July 29th. Finally, Truist Financial lowered their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a report on Friday, May 8th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.67.

Leggett & Platt Stock Down 3.4%

LEG opened at $9.35 on Friday. The company has a market cap of $1.28 billion, a PE ratio of 5.99 and a beta of 0.73. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.53 and a current ratio of 2.35. Leggett & Platt has a 1 year low of $8.34 and a 1 year high of $13.00. The firm has a 50 day moving average price of $10.65 and a 200 day moving average price of $10.70.

Leggett & Platt Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, August 10th. This represents a $0.20 annualized dividend and a yield of 2.1%. Leggett & Platt's payout ratio is presently 12.82%.

Hedge Funds Weigh In On Leggett & Platt

A number of large investors have recently bought and sold shares of LEG. Proficio Capital Partners LLC acquired a new position in Leggett & Platt during the 2nd quarter valued at approximately $212,000. Two Sigma Securities LLC bought a new position in Leggett & Platt in the 2nd quarter worth approximately $128,000. IMC Chicago LLC bought a new stake in Leggett & Platt during the 2nd quarter valued at $419,000. Wellington Management Group LLP boosted its position in Leggett & Platt by 14.0% during the 2nd quarter. Wellington Management Group LLP now owns 2,305,636 shares of the company's stock worth $26,999,000 after acquiring an additional 283,548 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Leggett & Platt in the second quarter worth $3,168,000. Institutional investors own 64.23% of the company's stock.

Leggett & Platt News Roundup

Here are the key news stories impacting Leggett & Platt this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $1.00 from $0.96 and its FY2027 forecast to $1.12 from $1.08. The improved annual outlook suggests analysts see somewhat stronger earnings momentum beyond the near term.
• Positive Sentiment: Zacks also increased estimates for Q2 2027, Q3 2027, Q4 2027, Q1 2028 and Q2 2028, generally by $0.01 to $0.02 per share. These revisions add to the favorable longer-term earnings narrative.
• Positive Sentiment: LEG was added to several Zacks “Strong Buy” lists covering value, income and overall stock selections. The listings may attract attention from investors seeking a low-priced, dividend-oriented or value opportunity. New Strong Buy Stocks for August 20th
• Neutral Sentiment: Despite the estimate increases, Zacks Research maintains a “Hold” rating. The stock opened at $9.35, below its 50-day and 200-day moving averages of approximately $10.65 and $10.70, respectively, indicating that technical sentiment remains weak.
• Negative Sentiment: Zacks reduced its Q3 2026 EPS estimate to $0.28 from $0.29, Q4 2026 to $0.18 from $0.21, and Q1 2027 to $0.22 from $0.24. The near-term cuts point to continued earnings pressure before the projected improvement in later periods.

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company's offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company's core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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