Leggett & Platt Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Leggett & Platt stock.
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Leggett & Platt is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for Leggett & Platt.

Leggett & Platt, Incorporated (NYSE:LEG) announced its quarterly earnings results on Sunday, August, 1st. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. Leggett & Platt had a net margin of 8.48% and a trailing twelve-month return on equity of 27.49%. The company's revenue for the quarter was up 50.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS.
View Leggett & Platt's earnings history.

Leggett & Platt's stock was trading at $34.30 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LEG stock has increased by 34.6% and is now trading at $46.16.
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Leggett & Platt declared a quarterly dividend on Wednesday, August 11th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.42 per share on Friday, October 15th. This represents a $1.68 annualized dividend and a yield of 3.64%. The ex-dividend date is Tuesday, September 14th.
View Leggett & Platt's dividend history.

Leggett & Platt pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.61%. The dividend payout ratio of Leggett & Platt is 78.87%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 54.02% next year. This indicates that Leggett & Platt will be able to sustain or increase its dividend.
View Leggett & Platt's dividend history.

Leggett & Platt updated its FY 2021 earnings guidance on Monday, August, 9th. The company provided EPS guidance of $2.700-$2.900 for the period, compared to the Thomson Reuters consensus estimate of $2.720. The company issued revenue guidance of $4.90 billion-$5.10 billion, compared to the consensus revenue estimate of $4.91 billion.

3 brokers have issued 1 year price targets for Leggett & Platt's stock. Their forecasts range from $42.00 to $60.00. On average, they expect Leggett & Platt's stock price to reach $51.33 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price.
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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.

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.

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 shareholders include Vanguard Group Inc. (10.53%), State Street Corp (8.84%), BlackRock Inc. (8.22%), Charles Schwab Investment Management Inc. (3.46%), ProShare Advisors LLC (1.96%) and Geode Capital Management LLC (1.90%). Company insiders that own Leggett & Platt stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert Ted Enloe III, Russell J Iorio, Scott S Douglas and Susan R Mccoy.
View institutional ownership trends for Leggett & Platt.

LEG stock was sold by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, Royal Bank of Canada, Jefferies Group LLC, Jefferies Group LLC, Credit Suisse AG, and Parallax Volatility Advisers L.P.. 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.

LEG stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, Amundi, First Trust Advisors LP, Marshall Wace LLP, and Marshall Wace LLP.
View insider buying and selling activity for Leggett & Platt or or view top insider-buying stocks.

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.
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One share of LEG stock can currently be purchased for approximately $46.16.

Leggett & Platt has a market capitalization of $6.15 billion and generates $4.28 billion in revenue each year. The company earns $247.60 million in net income (profit) each year or $2.13 on an earnings per share basis.

Leggett & Platt employs 20,400 workers across the globe.

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

Leggett & Platt is headquartered at NO. 1 LEGGETT ROAD, CARTHAGE MO, 64836.

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