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

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.

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.

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

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.

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.

ETFs with the largest weight of Leggett & Platt (NYSE:LEG) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco High Yield Equity Dividend Achievers ETF (PEY), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), ProShares Russell US Dividend Growers ETF (TMDV), SPDR S&P Dividend ETF (SDY), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Victoryshares Dividend Accelerator ETF (VSDA) and Altrius Global Dividend ETF (DIVD).

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.

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.

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.

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).

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

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.

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.
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One share of LEG stock can currently be purchased for approximately $32.20.

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.

The company employs 19,900 workers across the globe.

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.