Leggett & Platt (LEG) Projected to Post Earnings on Thursday

Leggett & Platt (NYSE:LEG - Get Free Report) will likely be announcing its Q2 2025 earnings results after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.29 per share and revenue of $1.06 billion for the quarter. Leggett & Platt has set its FY 2025 guidance at 1.000-1.200 EPS.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Leggett & Platt had a positive return on equity of 20.46% and a negative net margin of 11.89%. The firm's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. On average, analysts expect Leggett & Platt to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leggett & Platt Stock Performance

Shares of Leggett & Platt stock traded up $0.09 during trading on Friday, reaching $10.34. The company's stock had a trading volume of 1,250,682 shares, compared to its average volume of 3,047,172. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.36 and a current ratio of 2.20. The business's fifty day moving average price is $9.45 and its 200-day moving average price is $9.13. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -2.76 and a beta of 0.74. Leggett & Platt has a one year low of $6.47 and a one year high of $14.23.

Leggett & Platt Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.94%. Leggett & Platt's payout ratio is presently -5.35%.

Analyst Ratings Changes

A number of research firms have recently commented on LEG. The Goldman Sachs Group lifted their price objective on Leggett & Platt from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded Leggett & Platt from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Piper Sandler reissued a "neutral" rating and set a $9.00 target price (down from $12.00) on shares of Leggett & Platt in a research report on Friday, April 11th.

Institutional Investors Weigh In On Leggett & Platt

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in Leggett & Platt by 36.3% during the first quarter. Jane Street Group LLC now owns 1,175,452 shares of the company's stock valued at $9,298,000 after purchasing an additional 312,840 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Leggett & Platt by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 454,096 shares of the company's stock valued at $3,592,000 after purchasing an additional 13,187 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Leggett & Platt by 113.5% during the first quarter. Acadian Asset Management LLC now owns 109,638 shares of the company's stock valued at $866,000 after purchasing an additional 58,292 shares in the last quarter. Royal Bank of Canada boosted its holdings in Leggett & Platt by 59.5% during the first quarter. Royal Bank of Canada now owns 47,054 shares of the company's stock valued at $372,000 after purchasing an additional 17,561 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Leggett & Platt by 8.4% during the first quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company's stock valued at $116,000 after purchasing an additional 1,132 shares in the last quarter. 64.23% of the stock is owned by institutional investors and hedge funds.

About Leggett & Platt

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.