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S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The 3-Stock Retirement Blueprint (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The 3-Stock Retirement Blueprint (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
The 3-Stock Retirement Blueprint (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The 3-Stock Retirement Blueprint (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The 3-Stock Retirement Blueprint (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
The 3-Stock Retirement Blueprint (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The 3-Stock Retirement Blueprint (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The 3-Stock Retirement Blueprint (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
The 3-Stock Retirement Blueprint (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
NYSE:LEG

Leggett & Platt - LEG Stock Forecast, Price & News

$35.31
-0.43 (-1.20%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.08
$35.55
50-Day Range
$30.95
$36.36
52-Week Range
$30.28
$43.89
Volume
622,079 shs
Average Volume
613,045 shs
Market Capitalization
$4.68 billion
P/E Ratio
13.32
Dividend Yield
4.92%
Price Target
$39.00

Leggett & Platt MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
10.5% Upside
$39.00 Price Target
Short Interest
Healthy
5.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.09
Upright™ Environmental Score
News Sentiment
0.57mentions of Leggett & Platt in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-10.17%
From $2.36 to $2.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Consumer Discretionary Sector

200th out of 268 stocks

Household Furniture Industry

7th out of 9 stocks

LEG stock logo

About Leggett & Platt (NYSE:LEG) Stock

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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LEG Stock News Headlines

Putin just screwed up royally... even for him.
It's going to cost the Russian economy trillions of dollars. It's already sending energy prices skyrocketing. AND... it's creating one of the most predictable and potentially profitable investment situations I've seen in 40 years. A single energy stock is expected to benefit so much from this situation...they've already seen a 2,400% jump in profits. pixel
Putin just screwed up royally... even for him.
It's going to cost the Russian economy trillions of dollars. It's already sending energy prices skyrocketing. AND... it's creating one of the most predictable and potentially profitable investment situations I've seen in 40 years. A single energy stock is expected to benefit so much from this situation...they've already seen a 2,400% jump in profits. pixel
Leggett & Platt Q3 Earnings: Is The Dividend In Danger?
Leggett (LEG) Q3 Earnings Beat, Stock Down on Tepid Views
Leggett & Platt Inc. Q3 Profit Decreases, but beats estimates
Leggett & Platt Sees Q4 EPS In Line With View
Leggett & Platt's Earnings: A Preview
Leggett & Platt Q3 2022 Earnings Preview
LEG Leggett & Platt, Incorporated
Leggett & Platt Announces 3Q 2022 Earnings Call
Leggett & Platt Inc LEG Stock Quote
Leggett & Platt Lowers FY22 Outlook; Stock Slips 8%
See More Headlines
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LEG Company Calendar

Ex-Dividend for 10/14 Dividend
9/14/2022
Dividend Payable
10/14/2022
Last Earnings
10/31/2022
Today
12/03/2022
Ex-Dividend for 1/13 Dividend
12/14/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/13/2023
Next Earnings (Estimated)
2/06/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$39.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+10.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$402.40 million
Pretax Margin
8.86%

Debt

Sales & Book Value

Annual Sales
$5.07 billion
Cash Flow
$4.21 per share
Book Value
$11.79 per share

Miscellaneous

Free Float
130,496,000
Market Cap
$4.68 billion
Optionable
Optionable
Beta
1.26

Key Executives

  • Mr. Karl G. Glassman (Age 64)
    Exec. Chairman
    Comp: $3.17M
  • Mr. J. Mitchell Dolloff (Age 56)
    CEO, Pres & Director
    Comp: $1.76M
  • Mr. Jeffrey L. Tate (Age 52)
    Exec. VP & CFO
    Comp: $1.15M
  • Mr. Scott S. DouglasMr. Scott S. Douglas (Age 62)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $962.74k
  • Mr. Steven K. Henderson (Age 60)
    Exec. VP and Pres of Specialized Products & Furniture, Flooring & Textile Products
    Comp: $1.06M
  • Ms. Tammy M. Trent (Age 56)
    Sr. VP & Chief Accounting Officer
  • Mr. Michael W. Blinzler
    VP & Chief Information Officer
  • Ms. Susan R. McCoyMs. Susan R. McCoy (Age 56)
    Sr. VP of Investor Relations
  • Ms. Christina A. Ptasinski (Age 62)
    Sr. VP & Chief HR Officer
  • Mr. Benjamin M. Burns (Age 44)
    Sr. VP of Bus. Support Services













LEG Stock - Frequently Asked Questions

Should I buy or sell Leggett & Platt stock right now?

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.
View LEG analyst ratings
or view top-rated stocks.

What is Leggett & Platt's stock price forecast for 2023?

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.

How have LEG shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Leggett & Platt?

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.
View Leggett & Platt's Short Interest
.

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our LEG earnings forecast
.

How were Leggett & Platt's earnings last quarter?

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.
Read the conference call transcript
.

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

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
.

Is Leggett & Platt a good dividend stock?

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.

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

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.

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

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.

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 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.
View institutional ownership trends
.

How do I buy shares of Leggett & Platt?

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.
Compare Top Brokerages Here.

What is Leggett & Platt's stock price today?

One share of LEG stock can currently be purchased for approximately $35.31.

How much money does Leggett & Platt make?

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.

How many employees does Leggett & Platt have?

The company employs 20,300 workers across the globe.

How can I contact Leggett & Platt?

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.

This page (NYSE:LEG) was last updated on 12/4/2022 by MarketBeat.com Staff