S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
NYSE:LEG

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

$37.54
+1.15 (+3.16%)
(As of 05/13/2022 04:00 PM ET)
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Today's Range
$36.66
$38.00
50-Day Range
$34.80
$38.34
52-Week Range
$33.80
$56.89
Volume
1.44 million shs
Average Volume
1.43 million shs
Market Capitalization
$5.01 billion
P/E Ratio
12.68
Dividend Yield
4.62%
Beta
1.3
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Leggett & Platt logo

About Leggett & Platt

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.

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$5.07 billion
Cash Flow
$4.40 per share
Book Value
$12.51 per share

Profitability

Net Income
$402.40 million
Pretax Margin
10.12%

Debt

Price-To-Earnings

Miscellaneous

Free Float
131,463,000
Market Cap
$5.01 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/15 Dividend
3/14/2022
Dividend Payable
4/15/2022
Last Earnings
5/02/2022
Today
5/15/2022
Next Earnings (Estimated)
8/01/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.95 out of 5 stars

Consumer Discretionary Sector

34th out of 397 stocks

Household Furniture Industry

2nd out of 11 stocks

Analyst Opinion: 2.0Community Rank: 4.0Dividend Strength: 5.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













Leggett & Platt (NYSE:LEG) Frequently Asked Questions

Is Leggett & Platt a buy right now?

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

Are investors shorting Leggett & Platt?

Leggett & Platt saw a decline in short interest in April. As of April 15th, there was short interest totaling 7,340,000 shares, a decline of 16.9% from the March 31st total of 8,830,000 shares. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is currently 5.2 days. Currently, 5.6% of the company's shares are sold short.
View Leggett & Platt's Short Interest
.

When is Leggett & Platt's next earnings date?

Leggett & Platt is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Leggett & Platt
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) announced its earnings results on Monday, May, 2nd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.10. Leggett & Platt had a net margin of 7.73% and a trailing twelve-month return on equity of 23.88%. During the same period last year, the company earned $0.64 EPS.
View Leggett & Platt's earnings history
.

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

Leggett & Platt announced a quarterly dividend on Tuesday, February 22nd. Stockholders of record on Tuesday, March 15th will be paid a dividend of $0.42 per share on Friday, April 15th. This represents a $1.68 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Monday, March 14th.
View Leggett & Platt's dividend history
.

Is Leggett & Platt a good dividend stock?

Leggett & Platt pays an annual dividend of $1.68 per share and currently has a dividend yield of 4.62%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Leggett & Platt has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Leggett & Platt is 56.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 59.57% next year. This indicates that Leggett & Platt will be able to sustain or increase its dividend.
View Leggett & Platt's dividend history.

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

Leggett & Platt updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $2.70-$3.00 for the period, compared to the consensus earnings per share estimate of $2.74. The company issued revenue guidance of $5.30 billion-$5.60 billion, compared to the consensus revenue estimate of $5.32 billion.

What price target have analysts set for LEG?

2 Wall Street analysts have issued 1-year target prices for Leggett & Platt's stock. Their forecasts range from $38.00 to $50.00. On average, they anticipate Leggett & Platt's stock price to reach $44.00 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price.
View analysts' price targets for Leggett & Platt
or view top-rated stocks among Wall Street analysts.

Who are Leggett & Platt's key executives?
Leggett & Platt's management team includes the following people:
  • Mr. Karl G. Glassman, Exec. Chairman (Age 64, Pay $3.17M)
  • Mr. J. Mitchell Dolloff, CEO, Pres & Director (Age 56, Pay $1.76M)
  • Mr. Jeffrey L. Tate, Exec. VP & CFO (Age 52, Pay $1.15M)
  • Mr. Scott S. Douglas, Sr. VP, Gen. Counsel & Sec. (Age 62, Pay $962.74k)
  • Mr. Steven K. Henderson, Exec. VP and Pres of Specialized Products & Furniture, Flooring & Textile Products (Age 60, Pay $1.06M)
  • Ms. Tammy M. Trent, Sr. VP & Chief Accounting Officer (Age 56)
  • Mr. Michael W. Blinzler, VP & Chief Information Officer
  • Ms. Susan R. McCoy, Sr. VP of Investor Relations (Age 56)
  • Ms. Christina A. Ptasinski, Sr. VP & Chief HR Officer (Age 62)
  • Mr. Benjamin M. Burns, Sr. VP of Bus. Support Services (Age 44)
What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?

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

Who are some of Leggett & Platt's key competitors?
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 shareholders include BlackRock Inc. (10.91%), Vanguard Group Inc. (8.76%), Charles Schwab Investment Management Inc. (3.65%), Bank of New York Mellon Corp (1.86%), US Bancorp DE (1.44%) and Dimensional Fund Advisors LP (1.27%). Company insiders that own Leggett & Platt stock include Joseph W Mcclanathan, Judy C Odom, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner, Scott S Douglas and Susan R Mccoy.
View institutional ownership trends for Leggett & Platt
.

Which major investors are selling Leggett & Platt stock?

LEG stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Bank of New York Mellon Corp, Ergoteles LLC, Ferguson Wellman Capital Management Inc., Yousif Capital Management LLC, OLD Republic International Corp, Becker Capital Management Inc., and Bridgewater Associates LP. Company insiders that have sold Leggett & Platt company stock in the last year include Joseph W Mcclanathan, and Robert E Brunner.
View insider buying and selling activity for Leggett & Platt
or view top insider-selling stocks.

Which major investors are buying Leggett & Platt stock?

LEG stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, ProShare Advisors LLC, BlackRock Inc., Russell Investments Group Ltd., Charles Schwab Investment Management Inc., Victory Capital Management Inc., First Trust Advisors LP, and Principal Street Partners LLC.
View insider buying and selling activity for Leggett & Platt
or or view top insider-buying stocks.

How do I buy shares of Leggett & Platt?

Shares of LEG 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 $37.54.

How much money does Leggett & Platt make?

Leggett & Platt has a market capitalization of $5.01 billion and generates $5.07 billion in revenue each year. The company earns $402.40 million in net income (profit) each year or $2.96 on an earnings per share basis.

How many employees does Leggett & Platt have?

Leggett & Platt employs 20,300 workers across the globe.

What is Leggett & Platt's official website?

The official website for Leggett & Platt is www.leggett.com.

How can I contact Leggett & Platt?

Leggett & Platt's mailing address is NO. 1 LEGGETT ROAD, CARTHAGE MO, 64836. The company can be reached via phone at (417) 358-8131, via email at [email protected], or via fax at 417-358-8449.

This page was last updated on 5/15/2022 by MarketBeat.com Staff

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