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NYSE:LEG

Leggett & Platt (LEG) Stock Forecast, Price & News

$32.20
-0.51 (-1.56%)
(As of 06/8/2023 ET)
Compare
Today's Range
$32.19
$32.81
50-Day Range
$30.26
$32.97
52-Week Range
$30.05
$41.94
Volume
497,900 shs
Average Volume
840,357 shs
Market Capitalization
$4.29 billion
P/E Ratio
16.10
Dividend Yield
5.47%
Price Target
$30.00

Leggett & Platt MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
6.8% Downside
$30.00 Price Target
Short Interest
Healthy
4.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
0.55mentions of Leggett & Platt in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$195,660 Sold Last Quarter
Proj. Earnings Growth
6.83%
From $1.61 to $1.72 Per Share

Overall MarketRank

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

1.79 out of 5 stars

Consumer Discretionary Sector

216th out of 266 stocks

Household Furniture Industry

8th out of 9 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, private label finished mattresses, 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 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs; control devices for chairs; and 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.

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LEG Stock News Headlines

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Leggett & Platt: More Than Meets The Eye
Here's Why I Bought This Struggling Stock
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Better Buy: 3M vs. Leggett & Platt
LEGGETT & PLATT ANNOUNCES 4.5% DIVIDEND INCREASE
Q1 2023 Leggett & Platt Inc Earnings Call
See More Headlines

LEG Price History

LEG Company Calendar

Ex-Dividend for 4/14 Dividend
3/14/2023
Dividend Payable
4/14/2023
Last Earnings
5/01/2023
Today
6/08/2023
Ex-Dividend for 7/14 Dividend
6/14/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
19,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$30.00
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
-6.8%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$309.80 million
Pretax Margin
7.02%

Debt

Sales & Book Value

Annual Sales
$5.15 billion
Cash Flow
$3.75 per share
Book Value
$12.38 per share

Miscellaneous

Free Float
131,022,000
Market Cap
$4.29 billion
Optionable
Optionable
Beta
1.30

Key Executives

  • Mr. J. Mitchell Dolloff (Age 57)
    CEO, Pres & Director
    Comp: $2.56M
  • Mr. Jeffrey L. Tate (Age 53)
    Exec. VP & CFO
    Comp: $1.1M
  • Mr. Steven K. Henderson (Age 61)
    Exec. VP and Pres of Specialized Products & Furniture, Flooring & Textile Products
    Comp: $1.11M
  • Mr. J. Tyson Hagale (Age 45)
    Exec. VP & Pres of Bedding Products
    Comp: $903.76k
  • Ms. Tammy M. Trent (Age 57)
    Sr. VP & Chief Accounting Officer
  • Mr. Michael W. Blinzler
    VP & Chief Information Officer
  • Ms. Susan R. McCoyMs. Susan R. McCoy (Age 57)
    Sr. VP of Investor Relations
  • Mr. Scott S. DouglasMr. Scott S. Douglas (Age 63)
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Christina A. Ptasinski (Age 63)
    Exec. VP & Chief HR Officer
  • Mr. Benjamin M. Burns (Age 45)
    Exec. VP of Bus. Support Services













LEG Stock - Frequently Asked Questions

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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last twelve months. There are currently 1 sell rating and 1 hold 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 2023?

2 equities research analysts have issued 12 month price objectives for Leggett & Platt's stock. Their LEG share price forecasts range from $21.00 to $35.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
View analysts price targets for LEG
or view top-rated stocks among Wall Street analysts.

How have LEG shares performed in 2023?

Leggett & Platt's stock was trading at $32.23 at the start of the year. Since then, LEG stock has decreased by 0.1% and is now trading at $32.20.
View the best growth stocks for 2023 here
.

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our LEG earnings forecast
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) posted its quarterly earnings data on Monday, May, 1st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.13. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Leggett & Platt had a net margin of 5.42% and a trailing twelve-month return on equity of 16.83%. The firm's revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS.
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 Thursday, May 4th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.46 per share on Friday, July 14th. This represents a $1.84 annualized dividend and a yield of 5.71%. The ex-dividend date is Wednesday, June 14th. This is a boost from the stock's previous quarterly dividend of $0.44.
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 5.55%. 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 88.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LEG will have a dividend payout ratio of 102.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LEG.

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

Leggett & Platt updated its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.50-$1.90 for the period, compared to the consensus earnings per share estimate of $1.59. The company issued revenue guidance of $4.80 billion-$5.20 billion, compared to the consensus revenue estimate of $4.91 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 variety of institutional and retail investors. Top institutional investors include State Street Corp (12.73%), BlackRock Inc. (11.98%), Charles Schwab Investment Management Inc. (4.27%), Dimensional Fund Advisors LP (1.69%), Bank of New York Mellon Corp (1.41%) and Geode Capital Management LLC (1.41%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner, 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 $32.20.

How much money does Leggett & Platt make?

Leggett & Platt (NYSE:LEG) has a market capitalization of $4.29 billion and generates $5.15 billion in revenue each year. The company earns $309.80 million in net income (profit) each year or $2.00 on an earnings per share basis.

How many employees does Leggett & Platt have?

The company employs 19,900 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 6/8/2023 by MarketBeat.com Staff

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