Leggett & Platt (NYSE:LEG - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01, Zacks reports. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $0.23 EPS. The firm's revenue was down 6.8% compared to the same quarter last year. Leggett & Platt updated its FY 2025 guidance to 1.000-1.200 EPS.
Leggett & Platt Stock Performance
LEG stock traded down $0.22 during trading on Friday, hitting $9.50. 4,306,026 shares of the company traded hands, compared to its average volume of 2,523,241. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The company has a market cap of $1.28 billion, a PE ratio of -2.55 and a beta of 0.98. The stock's 50-day simple moving average is $7.95 and its 200 day simple moving average is $9.97. Leggett & Platt has a 1 year low of $6.48 and a 1 year high of $14.29.
Leggett & Platt Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, March 14th. Leggett & Platt's payout ratio is -5.35%.
Analyst Upgrades and Downgrades
LEG has been the subject of a number of research analyst reports. Piper Sandler reaffirmed 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. Truist Financial lowered their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their price objective on shares of Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday.
Read Our Latest Research Report on LEG
Leggett & Platt Company Profile
(
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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.
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