Leggett & Platt (NYSE:LEG) Updates FY 2025 Earnings Guidance

Key Points

• Leggett & Platt updated its FY 2025 earnings guidance, projecting earnings per share between 1.000 and 1.200, and revenue guidance of $4.0 billion to $4.3 billion.
• Recent analyst ratings include a price target increase from $8.00 to $9.00 by Goldman Sachs and a "buy" rating upgrade from Wall Street Zen.
• The company reported a quarterly dividend of $0.05 per share, resulting in an annualized yield of 2.1%, with a negative payout ratio of -5.35%.

Leggett & Platt (NYSE:LEG - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.000-1.200 for the period, compared to the consensus earnings per share estimate of 1.105. The company issued revenue guidance of $4.0 billion-$4.3 billion, compared to the consensus revenue estimate of $4.1 billion.

Analyst Upgrades and Downgrades

LEG has been the subject of a number of research reports. 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, April 30th. Piper Sandler restated a "neutral" rating and issued a $9.00 price objective (down previously from $12.00) on shares of Leggett & Platt in a research report on Friday, April 11th. Finally, Wall Street Zen upgraded Leggett & Platt from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th.

Leggett & Platt Stock Performance

Shares of NYSE LEG traded down $0.12 during trading hours on Thursday, reaching $9.55. The stock had a trading volume of 2,743,914 shares, compared to its average volume of 2,535,264. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -2.55 and a beta of 0.74. The company has a current ratio of 2.20, a quick ratio of 1.36 and a debt-to-equity ratio of 2.59. Leggett & Platt has a fifty-two week low of $6.47 and a fifty-two week high of $14.23. The firm has a 50-day moving average of $9.49 and a 200-day moving average of $9.13.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Leggett & Platt had a negative net margin of 11.89% and a positive return on equity of 20.46%. Equities research analysts predict that Leggett & Platt will post 1.14 earnings per share for the current year.

Leggett & Platt Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. Leggett & Platt's payout ratio is -5.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LEG. Jones Financial Companies Lllp raised its stake in Leggett & Platt by 8.4% in the 1st 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 during the last quarter. Royal Bank of Canada lifted its position in Leggett & Platt by 59.5% during the first quarter. Royal Bank of Canada now owns 47,054 shares of the company's stock worth $372,000 after buying an additional 17,561 shares during the period. Acadian Asset Management LLC boosted its holdings in Leggett & Platt by 113.5% in the first quarter. Acadian Asset Management LLC now owns 109,638 shares of the company's stock valued at $866,000 after acquiring an additional 58,292 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Leggett & Platt by 3.0% in 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 acquiring an additional 13,187 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Leggett & Platt by 36.3% during the 1st quarter. Jane Street Group LLC now owns 1,175,452 shares of the company's stock worth $9,298,000 after purchasing an additional 312,840 shares during the period. Institutional investors and hedge funds own 64.23% of the company's stock.

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.

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