Leggett & Platt - LEG Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 1-year target prices for Leggett & Platt's shares. Their LEG share price forecasts range from $31.00 to $50.00. On average, they anticipate the company's stock price to reach $39.00 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for LEG or view top-rated stocks among Wall Street analysts.

Leggett & Platt's stock was trading at $41.16 at the beginning of 2022. Since then, LEG stock has decreased by 14.2% and is now trading at $35.31.
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Leggett & Platt saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 7,630,000 shares, a decrease of 11.4% from the October 31st total of 8,610,000 shares. Based on an average daily volume of 847,600 shares, the days-to-cover ratio is currently 9.0 days. Approximately 5.8% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our LEG earnings forecast.

Leggett & Platt, Incorporated (NYSE:LEG) released its earnings results on Monday, October, 31st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The company earned $1.29 billion during the quarter, compared to the consensus estimate of $1.23 billion. Leggett & Platt had a net margin of 6.86% and a trailing twelve-month return on equity of 22.32%. The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS.
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Leggett & Platt declared a quarterly dividend on Friday, November 18th. Investors of record on Thursday, December 15th will be given a dividend of $0.44 per share on Friday, January 13th. This represents a $1.76 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, December 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 4.92%. 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 66.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, LEG will have a dividend payout ratio of 83.02% 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 issued an update on its fourth quarter 2022 earnings guidance on Monday, November, 7th. The company provided earnings per share guidance of $0.42-$0.57 for the period, compared to the consensus earnings per share estimate of $0.52. The company issued revenue guidance of $1.15 billion-$1.25 billion, compared to the consensus revenue estimate of $1.26 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 (12.38%), BlackRock Inc. (11.40%), Vanguard Group Inc. (9.77%), Bank of New York Mellon Corp (1.66%), Dimensional Fund Advisors LP (1.52%) and Epoch Investment Partners Inc. (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.
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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 $35.31.

Leggett & Platt (NYSE:LEG) has a market capitalization of $4.68 billion and generates $5.07 billion in revenue each year. The company earns $402.40 million in net income (profit) each year or $2.65 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.