Zacks Research Expects Reduced Earnings for Leggett & Platt

Key Points

• Leggett & Platt's earnings per share (EPS) forecast for Q3 2025 has been decreased from $0.33 to $0.31 by analysts at Zacks Research.
• The company reported a 6.3% year-over-year decrease in revenue, posting $1.06 billion for the last quarter, while earnings exceeded expectations at $0.30 EPS.
• Leggett & Platt recently declared a quarterly dividend of $0.05, representing an annualized yield of 2.1%.

Leggett & Platt, Incorporated (NYSE:LEG - Free Report) - Analysts at Zacks Research reduced their Q3 2025 earnings estimates for shares of Leggett & Platt in a research report issued to clients and investors on Thursday, August 14th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.33. Zacks Research has a "Strong Sell" rating on the stock. The consensus estimate for Leggett & Platt's current full-year earnings is $1.14 per share. Zacks Research also issued estimates for Leggett & Platt's Q4 2025 earnings at $0.24 EPS, Q1 2026 earnings at $0.25 EPS, Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at $0.25 EPS, Q1 2027 earnings at $0.28 EPS and Q2 2027 earnings at $0.32 EPS.

Several other equities research analysts have also issued reports on LEG. Piper Sandler reaffirmed a "neutral" rating and issued a $9.00 price objective (down from $10.00) on shares of Leggett & Platt in a research note on Monday, August 4th. The Goldman Sachs Group increased their price objective on shares of Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Leggett & Platt from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $9.67.

Leggett & Platt Price Performance

NYSE:LEG traded up $0.5350 during trading hours on Monday, reaching $9.6550. The stock had a trading volume of 1,810,149 shares, compared to its average volume of 1,840,829. The stock has a market capitalization of $1.31 billion, a PE ratio of 9.37 and a beta of 0.70. Leggett & Platt has a 52 week low of $6.47 and a 52 week high of $14.23. The company has a 50 day moving average price of $9.47 and a two-hundred day moving average price of $8.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 2.17.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Leggett & Platt had a return on equity of 19.42% and a net margin of 3.36%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted $0.29 EPS. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. Leggett & Platt has set its FY 2025 guidance at 1.000-1.200 EPS.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be 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 is Monday, September 15th. Leggett & Platt's dividend payout ratio is presently 19.42%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LEG. Sterling Capital Management LLC raised its holdings in shares of Leggett & Platt by 17.1% during the fourth quarter. Sterling Capital Management LLC now owns 7,972 shares of the company's stock valued at $77,000 after acquiring an additional 1,163 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Leggett & Platt during the second quarter worth $76,000. SeaCrest Wealth Management LLC acquired a new position in shares of Leggett & Platt in the 2nd quarter worth approximately $89,000. Captrust Financial Advisors acquired a new position in shares of Leggett & Platt in the 2nd quarter worth approximately $91,000. Finally, PDT Partners LLC acquired a new position in shares of Leggett & Platt in the second quarter valued at approximately $94,000. 64.23% of the stock is owned by institutional investors and hedge funds.

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.