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NYSE:LEG

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

$10.64
-0.07 (-0.65%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$10.44
$10.82
50-Day Range
$10.64
$19.15
52-Week Range
$10.44
$32.86
Volume
3.43 million shs
Average Volume
2.02 million shs
Market Capitalization
$1.43 billion
P/E Ratio
N/A
Dividend Yield
17.29%
Price Target
$13.33

Leggett & Platt MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
25.3% Upside
$13.33 Price Target
Short Interest
Bearish
7.60% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
0.43mentions of Leggett & Platt in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$198,340 Bought Last Quarter
Proj. Earnings Growth
13.27%
From $1.13 to $1.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.82 out of 5 stars

Consumer Discretionary Sector

94th out of 273 stocks

Household Furniture Industry

3rd out of 8 stocks

LEG stock logo

About Leggett & Platt Stock (NYSE:LEG)

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. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems; motors and actuators; 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 original equipment manufacturers (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 for 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. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.

LEG Stock Price History

LEG Stock News Headlines

Leggett & Platt CEO Mitch Dolloff Resigns; Names Replacement
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/14/2024
Dividend Payable
4/15/2024
Last Earnings
4/30/2024
Today
5/27/2024
Ex-Dividend for 7/15 Dividend
6/14/2024
Dividend Payable
7/15/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
19,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.33
High Stock Price Target
$14.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+25.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$-136,800,000.00
Pretax Margin
-4.32%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$2.76 per share
Book Value
$9.62 per share

Miscellaneous

Free Float
131,932,000
Market Cap
$1.43 billion
Optionable
Optionable
Beta
1.19
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Key Executives

  • Mr. Karl G. GlassmanMr. Karl G. Glassman (Age 66)
    President, CEO & Chairman
    Comp: $58.3k
  • Mr. Benjamin M. Burns (Age 46)
    Executive VP & CFO
    Comp: $843.46k
  • Mr. J. Mitchell Dolloff (Age 58)
    Executive Officer
    Comp: $2.94M
  • Mr. J. Tyson Hagale (Age 46)
    Executive VP & President of Bedding Products
    Comp: $769.18k
  • Ms. Tammy M. Trent (Age 58)
    Senior VP & Chief Accounting Officer
  • Mr. Michael W. Blinzler
    VP & Chief Information Officer
  • Ms. Cassie J. Branscum
    Vice President of Investor Relations
  • Ms. Jennifer Joy Davis (Age 48)
    Executive VP & General Counsel
  • Ms. Christina A. Ptasinski (Age 64)
    Executive Vice President & Chief HR Officer
  • Mr. Charles P. Hutchins
    VP & Chief Tax Officer

LEG Stock Analysis - Frequently Asked Questions

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" LEG shares.
View LEG analyst ratings
or view top-rated stocks.

What is Leggett & Platt's stock price target for 2024?

3 equities research analysts have issued twelve-month target prices for Leggett & Platt's stock. Their LEG share price targets range from $13.00 to $14.00. On average, they predict the company's stock price to reach $13.33 in the next twelve months. This suggests a possible upside of 25.3% 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 2024?

Leggett & Platt's stock was trading at $26.17 at the beginning of 2024. Since then, LEG stock has decreased by 59.3% and is now trading at $10.64.
View the best growth stocks for 2024 here
.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,970,000 shares, an increase of 14.5% from the April 15th total of 8,710,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is presently 4.7 days. Approximately 7.6% of the shares of the stock are short sold.
View Leggett & Platt's Short Interest
.

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our LEG earnings forecast
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) posted its quarterly earnings data on Tuesday, April, 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Leggett & Platt had a positive trailing twelve-month return on equity of 11.31% and a negative net margin of 3.44%. The company's revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 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 Tuesday, April 30th. Shareholders of record on Friday, June 14th will be given a dividend of $0.05 per share on Monday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, June 14th.
Read our dividend analysis for LEG
.

Is Leggett & Platt a good dividend stock?

Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.84 per share and currently has a dividend yield of 17.29%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for LEG.

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

Leggett & Platt updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of 1.050-1.350 for the period, compared to the consensus estimate of 1.160. The company issued revenue guidance of $4.4 billion-$4.7 billion, compared to the consensus revenue estimate of $4.5 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).

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 Vanguard Group Inc. (9.71%), ProShare Advisors LLC (0.96%), Speece Thorson Capital Group Inc. (0.60%), US Bancorp DE (0.50%), Principal Financial Group Inc. (0.38%) and Russell Investments Group Ltd. (0.26%). Insiders that own company stock include Karl G Glassman, Mark A Blinn, Phoebe A Wood, Robert E Brunner and Ryan Michael Kleiboeker.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LEG) was last updated on 5/27/2024 by MarketBeat.com Staff

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