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

3 Wall Street analysts have issued 1 year price targets for Leggett & Platt's stock. Their LEG share price forecasts range from $31.00 to $50.00. On average, they predict the company's stock price to reach $39.00 in the next twelve months. This suggests a possible upside of 9.0% 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 13.1% and is now trading at $35.77.
View the best growth stocks for 2022 here.

Leggett & Platt saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 8,610,000 shares, an increase of 15.3% from the October 15th total of 7,470,000 shares. Based on an average daily volume of 846,300 shares, the short-interest ratio is presently 10.2 days. Currently, 6.6% of the shares of the company are sold short.
View Leggett & Platt's Short Interest.

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) posted its quarterly earnings results on Monday, October, 31st. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.23 billion. Leggett & Platt had a trailing twelve-month return on equity of 22.32% and a net margin of 6.86%. Leggett & Platt's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share.
Read the conference call transcript.

Leggett & Platt announced a quarterly dividend on Friday, November 18th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.44 per share on Friday, January 13th. This represents a $1.76 annualized dividend and a yield of 4.92%. The ex-dividend date 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 4.94%. 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 updated its fourth quarter 2022 earnings guidance on Monday, November, 7th. The company provided EPS guidance of $0.42-$0.57 for the period, compared to the consensus 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 retail and institutional investors. Top institutional shareholders 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, Robert Ted Enloe III, Russell J Iorio, Scott S Douglas and Susan R Mccoy.
View institutional ownership trends.

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.

One share of LEG stock can currently be purchased for approximately $35.77.

Leggett & Platt (NYSE:LEG) has a market capitalization of $4.74 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.