Zacks Research Predicts Weaker Earnings for Leggett & Platt

Key Points

• Zacks Research has lowered its Q2 2026 earnings per share estimate for Leggett & Platt from $0.31 to $0.29, maintaining a "Strong Sell" rating on the stock.
• Leggett & Platt's current full-year earnings consensus estimate is $1.14, and the stock has a consensus target price of $9.67 with a recent market capitalization of $1.27 billion.
• The company recently announced a quarterly dividend of $0.05 per share, resulting in an annualized yield of 2.1%, with a dividend payout ratio of 19.42%.

Leggett & Platt, Incorporated (NYSE:LEG - Free Report) - Analysts at Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for shares of Leggett & Platt in a research report issued to clients and investors on Thursday, September 18th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.29 per share for the quarter, down from their prior forecast of $0.31. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Leggett & Platt's current full-year earnings is $1.14 per share.

Several other equities analysts have also recently 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 report on Monday, August 4th. Wall Street Zen cut Leggett & Platt from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Leggett & Platt presently has a consensus rating of "Reduce" and a consensus target price of $9.67.

Leggett & Platt Stock Performance

LEG stock opened at $9.38 on Monday. The stock has a market capitalization of $1.27 billion, a PE ratio of 9.11 and a beta of 0.70. Leggett & Platt has a 12-month low of $6.47 and a 12-month high of $14.23. The company has a current ratio of 2.17, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. The stock's 50 day simple moving average is $9.55 and its 200 day simple moving average is $8.94.

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

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, September 15th. Leggett & Platt's dividend payout ratio (DPR) is currently 19.42%.

Institutional Investors Weigh In On Leggett & Platt

A number of institutional investors have recently bought and sold shares of LEG. Nisa Investment Advisors LLC purchased a new stake in Leggett & Platt in the 2nd quarter worth $76,000. State of Wyoming purchased a new stake in Leggett & Platt in the 1st quarter worth $89,000. SeaCrest Wealth Management LLC purchased a new stake in Leggett & Platt in the 2nd quarter worth $89,000. Captrust Financial Advisors purchased a new stake in Leggett & Platt in the 2nd quarter worth $91,000. Finally, PDT Partners LLC purchased a new stake in Leggett & Platt in the 2nd quarter worth $94,000. Hedge funds and other institutional investors 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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