Leggett & Platt (LEG) to Release Quarterly Earnings on Tuesday

Leggett & Platt (NYSE:LEG - Get Free Report) will be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its earnings results on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Leggett & Platt had a positive return on equity of 11.99% and a negative net margin of 2.90%. The firm's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 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 Trading Down 0.3 %

Shares of NYSE LEG traded down $0.06 during trading hours on Tuesday, hitting $18.21. The company's stock had a trading volume of 1,349,668 shares, compared to its average volume of 1,647,023. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.84 and a current ratio of 1.49. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -18.21 and a beta of 1.17. Leggett & Platt has a 12 month low of $17.19 and a 12 month high of $33.50. The business has a 50-day simple moving average of $19.26 and a 200-day simple moving average of $22.57.

Leggett & Platt Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.84 annualized dividend and a yield of 10.11%. Leggett & Platt's payout ratio is -184.00%.

Analysts Set New Price Targets

Several research firms have weighed in on LEG. StockNews.com cut Leggett & Platt from a "hold" rating to a "sell" rating in a research report on Monday, March 11th. Truist Financial cut their price objective on Leggett & Platt from $18.00 to $16.00 and set a "hold" rating on the stock in a research report on Tuesday, March 26th. Finally, TheStreet cut Leggett & Platt from a "c" rating to a "d+" rating in a research report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.33.

About Leggett & Platt

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.