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High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Biden's Plan to Confiscate Your Cash? (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Biden's Plan to Confiscate Your Cash? (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Biden's Plan to Confiscate Your Cash? (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
NYSE:LEG

Leggett & Platt - LEG Stock Forecast, Price & News

$41.49
+0.14 (+0.34%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$41.29
$41.65
50-Day Range
$33.39
$41.49
52-Week Range
$33.19
$49.92
Volume
475,011 shs
Average Volume
1.12 million shs
Market Capitalization
$5.54 billion
P/E Ratio
14.61
Dividend Yield
4.24%
Price Target
$43.00

Leggett & Platt MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
3.6% Upside
$43.00 Price Target
Short Interest
Bearish
6.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.33
Upright™ Environmental Score
News Sentiment
0.13mentions of Leggett & Platt in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$1.17 M Sold Last Quarter
Proj. Earnings Growth
1.11%
From $2.71 to $2.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Consumer Discretionary Sector

246th out of 296 stocks

Household Furniture Industry

7th out of 10 stocks

LEG stock logo

About Leggett & Platt (NYSE:LEG) Stock

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. The company was founded in 1883 and is based in Carthage, Missouri.

Leggett & Platt Price Performance

Shares of LEG opened at $41.49 on Friday. Leggett & Platt has a fifty-two week low of $33.19 and a fifty-two week high of $49.92. The firm's 50-day simple moving average is $37.41 and its two-hundred day simple moving average is $37.22. The stock has a market cap of $5.54 billion, a PE ratio of 14.61 and a beta of 1.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 1.57.

Leggett & Platt (NYSE:LEG - Get Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Leggett & Platt had a return on equity of 23.85% and a net margin of 7.31%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. Analysts anticipate that Leggett & Platt will post 2.71 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Wednesday, September 14th. Leggett & Platt's dividend payout ratio is presently 61.97%.

Wall Street Analysts Forecast Growth

LEG has been the topic of a number of research analyst reports. Raymond James downgraded shares of Leggett & Platt from an "outperform" rating to a "market perform" rating in a research report on Wednesday, May 4th. StockNews.com raised shares of Leggett & Platt from a "sell" rating to a "hold" rating in a research note on Tuesday, May 3rd. The Goldman Sachs Group cut their price objective on Leggett & Platt from $50.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Piper Sandler decreased their target price on Leggett & Platt from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, June 14th. Finally, TheStreet upgraded Leggett & Platt from a "c+" rating to a "b-" rating in a research report on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $43.00.

Insider Buying and Selling

In other Leggett & Platt news, Director Phoebe A. Wood sold 2,500 shares of Leggett & Platt stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $38.35, for a total value of $95,875.00. Following the completion of the transaction, the director now directly owns 53,580 shares of the company's stock, valued at $2,054,793. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Karl G. Glassman sold 26,401 shares of the company's stock in a transaction on Friday, August 5th. The stock was sold at an average price of $40.53, for a total transaction of $1,070,032.53. Following the transaction, the chairman now directly owns 852,950 shares of the company's stock, valued at $34,570,063.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Phoebe A. Wood sold 2,500 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $38.35, for a total value of $95,875.00. Following the sale, the director now directly owns 53,580 shares in the company, valued at $2,054,793. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

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LEG Stock News Headlines

LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.44
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Leggett & Platt declares $0.44 dividend
Leggett (LEG) Q2 Earnings Match Estimates, Stock Down
Leggett & Platt Lowers FY22 Outlook
Leggett & Platt shares slip on lowered guidance
Apple (AAPL) is making moves behind the scenes to prepare for a downturn...
The man who predicted the 2020 crash and famously called the overnight collapse of Priceline.com on CNBC has been sharing a public warning. Including how to predict which stocks could plummet next, and which could boom in the coming recession. If you have any serious assets in the market, there is one critical step you must take now.
LEGGETT & PLATT REPORTS RECORD 2Q SALES
Leggett Platt earnings preview: what Wall Street is expecting
Earnings Preview: Leggett & Platt
Leggett & Platt Announces 2Q 2022 Earnings Call
2 Dividend Kings Are Buys For June
10 Safe Dividend Stocks With Over 5% Yield
LEG Breaks Above 5% Yield Territory
See More Headlines
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LEG Company Calendar

Ex-Dividend for 7/15 Dividend
6/14/2022
Dividend Payable
7/15/2022
Last Earnings
8/01/2022
Today
8/14/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
20,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$43.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$402.40 million
Pretax Margin
9.43%

Debt

Sales & Book Value

Annual Sales
$5.07 billion
Cash Flow
$4.26 per share
Book Value
$12.09 per share

Miscellaneous

Free Float
131,463,000
Market Cap
$5.54 billion
Optionable
Optionable
Beta
1.31

Key Executives

  • Mr. Karl G. Glassman (Age 64)
    Exec. Chairman
    Comp: $3.17M
  • Mr. J. Mitchell Dolloff (Age 56)
    CEO, Pres & Director
    Comp: $1.76M
  • Mr. Jeffrey L. Tate (Age 52)
    Exec. VP & CFO
    Comp: $1.15M
  • Mr. Scott S. Douglas (Age 62)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $962.74k
  • Mr. Steven K. Henderson (Age 60)
    Exec. VP and Pres of Specialized Products & Furniture, Flooring & Textile Products
    Comp: $1.06M
  • Ms. Tammy M. Trent (Age 56)
    Sr. VP & Chief Accounting Officer
  • Mr. Michael W. Blinzler
    VP & Chief Information Officer
  • Ms. Susan R. McCoy (Age 56)
    Sr. VP of Investor Relations
  • Ms. Christina A. Ptasinski (Age 62)
    Sr. VP & Chief HR Officer
  • Mr. Benjamin M. Burns (Age 44)
    Sr. VP of Bus. Support Services













LEG Stock - Frequently Asked Questions

Should I buy or sell Leggett & Platt stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" LEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LEG, but not buy additional shares or sell existing shares.
View LEG analyst ratings
or view top-rated stocks.

What is Leggett & Platt's stock price forecast for 2022?

3 analysts have issued twelve-month price targets for Leggett & Platt's stock. Their LEG share price forecasts range from $36.00 to $50.00. On average, they anticipate the company's share price to reach $43.00 in the next year. This suggests a possible upside of 3.6% from the stock's current price.
View analysts price targets for LEG
or view top-rated stocks among Wall Street analysts.

How have LEG shares performed in 2022?

Leggett & Platt's stock was trading at $41.16 at the beginning of the year. Since then, LEG stock has increased by 0.8% and is now trading at $41.49.
View the best growth stocks for 2022 here
.

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our LEG earnings forecast
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) released its earnings results on Monday, August, 1st. The company reported $0.70 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.70. The business earned $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. Leggett & Platt had a trailing twelve-month return on equity of 23.85% and a net margin of 7.31%. Leggett & Platt's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.66 earnings per share.
Read the conference call transcript
.

How often does Leggett & Platt pay dividends? What is the dividend yield for Leggett & Platt?

Leggett & Platt announced a quarterly dividend on Tuesday, August 9th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.44 per share on Friday, October 14th. This represents a $1.76 annualized dividend and a yield of 4.24%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for LEG
.

Is Leggett & Platt a good dividend stock?

Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.76 per share and currently has a dividend yield of 4.26%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 61.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LEG will have a dividend payout ratio of 64.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LEG.

What guidance has Leggett & Platt issued on next quarter's earnings?

Leggett & Platt updated its FY 2022 earnings guidance on Monday, August, 8th. The company provided earnings per share (EPS) guidance of $2.65-$2.80 for the period, compared to the consensus estimate of $2.72. The company issued revenue guidance of $5.20 billion-$5.40 billion, compared to the consensus revenue estimate of $5.30 billion.

What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?

59 employees have rated Leggett & Platt Chief Executive Officer Karl G. Glassman on Glassdoor.com. Karl G. Glassman has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Leggett & Platt own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Leggett & Platt investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), AbbVie (ABBV), Chevron (CVX), McDonald's (MCD), 3M (MMM), PepsiCo (PEP), Pfizer (PFE) and Walmart (WMT).

What is Leggett & Platt's stock symbol?

Leggett & Platt trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEG."

Who are Leggett & Platt's major shareholders?

Leggett & Platt's stock is owned by a number of institutional and retail investors. Top institutional investors include US Bancorp DE (1.30%), Northern Trust Corp (0.78%), FMR LLC (0.70%), Speece Thorson Capital Group Inc. (0.60%), ProShare Advisors LLC (0.49%) and Wells Fargo & Company MN (0.46%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner, Robert Ted Enloe III, Russell J Iorio, Scott S Douglas and Susan R Mccoy.
View institutional ownership trends
.

How do I buy shares of Leggett & Platt?

Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Leggett & Platt's stock price today?

One share of LEG stock can currently be purchased for approximately $41.49.

How much money does Leggett & Platt make?

Leggett & Platt (NYSE:LEG) has a market capitalization of $5.54 billion and generates $5.07 billion in revenue each year. The company earns $402.40 million in net income (profit) each year or $2.84 on an earnings per share basis.

How many employees does Leggett & Platt have?

The company employs 20,300 workers across the globe.

How can I contact Leggett & Platt?

Leggett & Platt's mailing address is NO. 1 LEGGETT ROAD, CARTHAGE MO, 64836. The official website for the company is www.leggett.com. The company can be reached via phone at (417) 358-8131, via email at invest@leggett.com, or via fax at 417-358-8449.

This page (NYSE:LEG) was last updated on 8/14/2022 by MarketBeat.com Staff

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