NYSE:LEG

Leggett & Platt Stock Forecast, Price & News

$40.53

+0.14 (+0.35%)

(As of 12/1/2021 12:00 AM ET)

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Today's Range: $40.52
▼
$41.89
50-Day Range: $40.39
▼
$48.10
52-Week Range: $39.87
▼
$59.16

Volume: 936,875 shs
Average Volume: 842,283 shs
Market Capitalization: $5.41 billion

P/E Ratio: 13.83
Dividend Yield: 4.16%
Beta: 1.45

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About Leggett & Platt

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components; and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring, Furniture & Textile, and Specialized Products. The Bedding Products segment supplies of products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Flooring, Furniture & Textile Products segment is a producer of an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The Specialized Products segment supplies titanium, nickel, and stainless steel tubing for the aerospace industry, and serve the construction market with hydraulic cylinders group. The company was founded J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.

Legget & Platt (LEG) Down 7.2% Since Last Earnings Report: Can It Rebound?
December 1, 2021 | finance.yahoo.com

Adjustable Bed Base and Bed Set Market Share 2021 Report Contains Manufacturing Cost Structure Analysis, Growth Opportunities & Restraints to 2025
December 1, 2021 | marketwatch.com

Leggett & Platt (NYSE:LEG) Reaches New 12-Month Low at $39.90
November 30, 2021 | americanbankingnews.com

Leggett & Platt, Incorporated's (NYSE:LEG) Price Is Right But Growth Is Lacking
November 29, 2021 | nasdaq.com

Underlayment Market 2021 : Revenue Growth, Key Factors, Major Companies, Forecast To 2026 with Dominant Regions and Countries Data
November 27, 2021 | marketwatch.com

Living Room Furniture Market Report Leading Companies, Spotting Market Dynamics and Business Opportunities 2021 to 2027
November 23, 2021 | marketwatch.com

Leggett & Platt, Incorporated (NYSE:LEG) Shares Could Be 33% Below Their Intrinsic Value Estimate
November 16, 2021 | finance.yahoo.com

Leggett & Platt Announces Executive Changes
November 9, 2021 | finance.yahoo.com

Leggett & Platt, Incorporated Plans Quarterly Dividend of $0.42 (NYSE:LEG)
November 9, 2021 | americanbankingnews.com

$0.73 Earnings Per Share Expected for Leggett & Platt, Incorporated (NYSE:LEG) This Quarter
November 9, 2021 | americanbankingnews.com

An Intrinsic Calculation For Leggett & Platt, Incorporated (NYSE:LEG) Suggests It's 34% Undervalued
November 9, 2021 | nasdaq.com

Leggett Platt is about to announce earnings — here's what Wall Street expects
November 9, 2021 | markets.businessinsider.com

Leggett & Platt: I Am Preparing To Buy More Shares
November 4, 2021 | seekingalpha.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Household furniture
Sub-Industry: Home Furnishings
Sector: Consumer Discretionary
Current Symbol: NYSE:LEG
Previous Symbol
CUSIP: 52466010
CIK: 58492
Web: www.leggett.com
Phone: (417) 358-8131
Fax: 417-358-8449
Employees: 20,400
Year Founded: N/A

Sales & Book Value

Annual Sales: $4.28 billion
Price / Sales: 1.26
Cash Flow: $3.75 per share
Price / Cash Flow: 10.82
Book Value: $10.49 per share
Price / Book: 3.86

Profitability

EPS (Most Recent Fiscal Year): $2.93
Net Income: $247.60 million
Net Margins: 8.13%
Pretax Margin: 10.53%
Return on Equity: 25.42%
Return on Assets: 7.56%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 1.48
Quick Ratio: 0.76

Price-To-Earnings

Trailing P/E Ratio: 13.83
Forward P/E Ratio: 14.79
P/E Growth: 1.5

Miscellaneous

Outstanding Shares: 133,377,000
Free Float: 131,616,000
Market Cap: $5.41 billion
Optionable: Optionable

Company Calendar

Ex-Dividend: 9/14/2021
Dividend Payable: 10/15/2021
Last Earnings: 10/31/2021
Today: 12/01/2021
Fiscal Year End: 12/31/2021
Next Earnings (Estimated): 2/14/2022

MarketRank^™

Overall MarketRank^™

3.36 out of 5 stars

Consumer Discretionary Sector

5th out of 388 stocks

Household Furniture Industry

1st out of 12 stocks

3.5 Analyst's Opinion

Consensus Rating
Leggett & Platt has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $55.00, Leggett & Platt has a forecasted upside of 35.7% from its current price of $40.53.
Amount of Analyst Coverage
Leggett & Platt has only been the subject of 1 research reports in the past 90 days.

4.1 Community Rank

Outperform Votes
Leggett & Platt has received 326 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Leggett & Platt has received 206 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Leggett & Platt has received 61.28% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Leggett & Platt and other stocks. Vote “Outperform” if you believe LEG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LEG will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Leggett & Platt is a leading dividend payer. It pays a dividend yield of 4.16%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Leggett & Platt has been increasing its dividend for 50 years.
Dividend Coverage
The dividend payout ratio of Leggett & Platt is 57.34%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 55.45% next year. This indicates that Leggett & Platt will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Leggett & Platt insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.32% of the stock of Leggett & Platt is held by insiders.
Percentage Held by Institutions
72.90% of the stock of Leggett & Platt is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Leggett & Platt are expected to grow by 10.58% in the coming year, from $2.74 to $3.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Leggett & Platt is 13.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Leggett & Platt is 13.83, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.31.
Price to Earnings Growth Ratio
Leggett & Platt has a PEG Ratio of 1.50. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Leggett & Platt has a P/B Ratio of 3.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Leggett & Platt (NYSE:LEG) Frequently Asked Questions

Is Leggett & Platt a buy right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Leggett & Platt stock.
View analyst ratings for Leggett & Platt or view top-rated stocks.
How has Leggett & Platt's stock price been impacted by COVID-19?: Leggett & Platt's stock was trading at $34.30 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LEG shares have increased by 18.2% and is now trading at $40.53.
View which stocks have been most impacted by COVID-19.
When is Leggett & Platt's next earnings date?: Leggett & Platt is scheduled to release its next quarterly earnings announcement on Monday, February 14th 2022.
View our earnings forecast for Leggett & Platt.
How were Leggett & Platt's earnings last quarter?: Leggett & Platt, Incorporated (NYSE:LEG) posted its earnings results on Sunday, October, 31st. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Leggett & Platt had a net margin of 8.13% and a trailing twelve-month return on equity of 25.42%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share.
View Leggett & Platt's earnings history.
How often does Leggett & Platt pay dividends? What is the dividend yield for Leggett & Platt?: Leggett & Platt declared a quarterly dividend on Tuesday, November 9th. Stockholders of record on Wednesday, December 15th will be paid a dividend of $0.42 per share on Friday, January 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Tuesday, December 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 4.16%. 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 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Leggett & Platt is 57.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 55.45% 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 2021 earnings guidance on Monday, November, 8th. The company provided EPS guidance of $2.700-$2.800 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.850. The company issued revenue guidance of $5 billion-$5.10 billion, compared to the consensus revenue estimate of $5.02 billion.
What price target have analysts set for LEG?: 1 brokerages have issued 12-month target prices for Leggett & Platt's stock. Their forecasts range from $55.00 to $55.00. On average, they anticipate Leggett & Platt's stock price to reach $55.00 in the next year. This suggests a possible upside of 35.7% 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:
Karl G. Glassman, Chairman & Chief Executive Officer
J. Mitchell Dolloff, President, Chief Operating Officer & Director
Jeffrey L. Tate, Chief Financial Officer & Executive Vice President
Michael W. Blinzler, Chief Information Officer & Vice President-IT
Vincent Lyons, Vice President-Engineering & Technology
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?: Some companies that are related to Leggett & Platt include Mohawk Industries (MHK), Tempur Sealy International (TPX), La-Z-Boy (LZB), Hooker Furniture (HOFT), Flexsteel Industries (FLXS) and Bassett Furniture Industries (BSET).
View all of LEG's 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. (8.18%), Invesco Ltd. (2.54%), Geode Capital Management LLC (1.96%), Bank of New York Mellon Corp (1.72%), Hamlin Capital Management LLC (1.53%) and US Bancorp DE (1.45%). Company insiders that own Leggett & Platt stock include Joseph W Mcclanathan, Judy C Odom, Kimberly Rutledge, Phoebe A Wood, 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 Janus Henderson Group PLC, Lord Abbett & CO. LLC, Millennium Management LLC, Russell Investments Group Ltd., Schroder Investment Management Group, Marshall Wace LLP, Deutsche Bank AG, and BlackRock Inc.. Company insiders that have sold Leggett & Platt company stock in the last year include Joseph W Mcclanathan, Judy C Odom, Kimberly Rutledge, Phoebe A Wood, Scott S Douglas, and Susan R Mccoy.
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 Invesco Ltd., Balyasny Asset Management LLC, EP Wealth Advisors LLC, First Horizon Advisors Inc., Crawford Investment Counsel Inc., Goldman Sachs Group Inc., Morgan Stanley, and Moors & Cabot Inc..
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 $40.53.
How much money does Leggett & Platt make?: Leggett & Platt has a market capitalization of $5.41 billion and generates $4.28 billion in revenue each year. The company earns $247.60 million in net income (profit) each year or $2.93 on an earnings per share basis.
How many employees does Leggett & Platt have?: Leggett & Platt employs 20,400 workers across the globe.
What is Leggett & Platt's official website?: The official website for Leggett & Platt is www.leggett.com.
Where are Leggett & Platt's headquarters?: Leggett & Platt is headquartered at NO. 1 LEGGETT ROAD, CARTHAGE MO, 64836.
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 12/1/2021 by MarketBeat.com Staff

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Leggett & Platt Stock Forecast, Price & News

About Leggett & Platt

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

MarketRank™

Overall MarketRank™

3.5 Analyst's Opinion

4.1 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

5.0 Dividend Strength

1.7 Company Ownership

2.5 Earnings and Valuation

Leggett & Platt (NYSE:LEG) Frequently Asked Questions

Is Leggett & Platt a buy right now?

How has Leggett & Platt's stock price been impacted by COVID-19?

When is Leggett & Platt's next earnings date?

How were Leggett & Platt's earnings last quarter?

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

Is Leggett & Platt a good dividend stock?

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

What price target have analysts set for LEG?

Who are Leggett & Platt's key executives?

What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?

Who are some of Leggett & Platt's key competitors?

What other stocks do shareholders of Leggett & Platt own?

What is Leggett & Platt's stock symbol?

Who are Leggett & Platt's major shareholders?

Which major investors are selling Leggett & Platt stock?

Which major investors are buying Leggett & Platt stock?

How do I buy shares of Leggett & Platt?

What is Leggett & Platt's stock price today?

How much money does Leggett & Platt make?

How many employees does Leggett & Platt have?

What is Leggett & Platt's official website?

Where are Leggett & Platt's headquarters?

How can I contact Leggett & Platt?

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