Zacks Research Forecasts Higher Earnings for Leggett & Platt

Key Points

• Zacks Research raised its FY2026 earnings per share estimate for Leggett & Platt to $1.06, indicating a slight increase from the previous forecast of $1.05.
• Multiple brokerages have downgraded the stock's rating, with Wall Street Zen lowering it from "buy" to "hold" and set a price target of $9.00.
• Leggett & Platt announced a quarterly dividend of $0.05, which will be paid on October 15th, representing a 2.3% dividend yield.

Leggett & Platt, Incorporated (NYSE:LEG - Free Report) - Investment analysts at Zacks Research lifted their FY2026 earnings per share (EPS) estimates for Leggett & Platt in a research report issued on Thursday, October 9th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.06 for the year, up from their prior forecast of $1.05. Zacks Research currently has a "Hold" 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 Q1 2027 earnings at $0.27 EPS and FY2027 earnings at $1.15 EPS.

A number of other brokerages have also issued reports on LEG. Wall Street Zen lowered Leggett & Platt from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Piper Sandler reissued a "neutral" rating and issued a $9.00 price target (down from $10.00) on shares of Leggett & Platt in a research note on Monday, August 4th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Leggett & Platt in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Leggett & Platt has an average rating of "Reduce" and a consensus price target of $9.67.

Leggett & Platt Stock Down 1.9%

Shares of NYSE:LEG opened at $8.56 on Monday. The stock's 50-day moving average price is $9.24 and its two-hundred day moving average price is $9.01. The company has a current ratio of 2.17, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. Leggett & Platt has a 12-month low of $6.47 and a 12-month high of $13.62. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 8.31 and a beta of 0.72.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $0.29 earnings per share. The business'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.

Hedge Funds Weigh In On Leggett & Platt

Several hedge funds and other institutional investors have recently modified their holdings of the company. Aaron Wealth Advisors LLC acquired a new position in shares of Leggett & Platt in the 3rd quarter valued at about $92,000. Corient Private Wealth LLC lifted its stake in shares of Leggett & Platt by 25.8% in the 2nd quarter. Corient Private Wealth LLC now owns 66,802 shares of the company's stock valued at $596,000 after purchasing an additional 13,712 shares in the last quarter. Caxton Associates LLP acquired a new position in Leggett & Platt during the 2nd quarter worth approximately $203,000. Public Sector Pension Investment Board lifted its position in Leggett & Platt by 8.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 460,771 shares of the company's stock worth $4,110,000 after acquiring an additional 34,559 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in Leggett & Platt by 72.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 18,653 shares of the company's stock worth $167,000 after acquiring an additional 7,830 shares in the last quarter. 64.23% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Leggett & Platt's payout ratio is currently 19.42%.

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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