Leggett & Platt (NYSE:LEG) Releases Earnings Results, Beats Estimates By $0.01 EPS

Leggett & Platt (NYSE:LEG - Get Free Report) posted its earnings results on Monday. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.01, Zacks reports. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Leggett & Platt's revenue was down 6.8% on a year-over-year basis. Leggett & Platt updated its FY 2025 guidance to 1.000-1.200 EPS.

Leggett & Platt Trading Up 2.2 %

Shares of Leggett & Platt stock traded up $0.22 on Thursday, hitting $9.84. 1,449,431 shares of the company's stock traded hands, compared to its average volume of 2,653,800. The firm's 50-day moving average price is $7.95 and its two-hundred day moving average price is $10.04. The stock has a market capitalization of $1.33 billion, a PE ratio of -2.64 and a beta of 0.98. Leggett & Platt has a one year low of $6.47 and a one year high of $14.30. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14.

Leggett & Platt Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.03%. The ex-dividend date was Friday, March 14th. Leggett & Platt's dividend payout ratio (DPR) is presently -5.35%.

Wall Street Analyst Weigh In

LEG has been the topic of several research analyst reports. Truist Financial reduced their price objective on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their price target on Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Piper Sandler restated a "neutral" rating and set a $9.00 price objective (down from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th.

Leggett & Platt Company Profile

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.