Leggett & Platt - LEG Stock Forecast, Price & News

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.
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3 brokers have issued 1 year price targets for Leggett & Platt's shares. Their LEG share price forecasts range from $36.00 to $50.00. On average, they anticipate the company's stock price to reach $43.00 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
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Leggett & Platt's stock was trading at $41.16 at the beginning of the year. Since then, LEG stock has decreased by 13.6% and is now trading at $35.56.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our LEG earnings forecast.

Leggett & Platt, Incorporated (NYSE:LEG) released its quarterly earnings data on Monday, August, 1st. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The firm earned $1.33 billion during the quarter, compared to analysts' expectations of $1.33 billion. Leggett & Platt had a net margin of 7.31% and a trailing twelve-month return on equity of 23.85%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS.
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Leggett & Platt announced a quarterly dividend on Tuesday, August 9th. Investors of record on Thursday, September 15th will be paid a dividend of $0.44 per share on Friday, October 14th. This represents a $1.76 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for LEG.

Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.76 per share and currently has a dividend yield of 5.17%. 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 50 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.

Leggett & Platt updated its FY 2022 earnings guidance on Monday, August, 8th. The company provided 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.

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."

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 $35.56.

Leggett & Platt (NYSE:LEG) has a market capitalization of $4.75 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.

The company employs 20,300 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.