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NYSE:LEG

Leggett & Platt Stock Forecast, Price & News

$41.17
+0.45 (+1.11 %)
(As of 09/30/2020 12:00 AM ET)
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Today's Range
$40.88
Now: $41.17
$41.90
50-Day Range
$39.21
MA: $41.88
$44.93
52-Week Range
$22.03
Now: $41.17
$55.42
Volume832,223 shs
Average Volume1.42 million shs
Market Capitalization$5.45 billion
P/E Ratio24.65
Dividend Yield3.93%
Beta1.58
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components. It serves manufacturers of finished bedding, upholstered furniture, packaging, filtration, and draperies; retailers and distributors of carpet cushions; and contractors, landscapers, road construction companies, and government agencies using geo components. The Furniture Products segment offers molded plywood components; bases, columns, back rests, control devices, and casters and frames; private-label finished furniture; beds and bed frames; adjustable beds; and steel mechanisms and hardware, and springs and seat suspensions. It serves upholstered and office furniture manufacturers; department stores and big box retailers; e-commerce retailers; and mattress and furniture retailers. The Industrial Products segment offers drawn wires, bedding and furniture components, automotive seat suspension systems, and steel rods. It serves packaging and baling companies, mechanical spring manufacturers, and wire distributors. The Specialized Products segment offers mechanical and pneumatic lumbar support and massage systems, seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless steel tubing, formed tube, and tube assemblies; and engineered hydraulic cylinders. It serves automobile and mobile equipment OEMs, and aerospace suppliers. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.08 out of 5 stars


Industry, Sector and Symbol

Industry Household furniture
Sub-IndustryHome Furnishings
CUSIP52466010
Phone417-358-8131

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.75 billion
Cash Flow$3.78 per share
Book Value$9.97 per share

Profitability

Net Income$333.80 million

Miscellaneous

Employees22,000
Market Cap$5.45 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$41.17
+0.45 (+1.11 %)
(As of 09/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Leggett & Platt (NYSE:LEG) Frequently Asked Questions

How has Leggett & Platt's stock price been impacted by Coronavirus?

Leggett & Platt's stock was trading at $34.30 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LEG shares have increased by 20.0% and is now trading at $41.17.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Leggett & Platt?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 5 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Leggett & Platt
.

When is Leggett & Platt's next earnings date?

Leggett & Platt is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Leggett & Platt
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Inc. (NYSE:LEG) posted its quarterly earnings data on Monday, August, 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.08. The firm had revenue of $845.10 million for the quarter, compared to analysts' expectations of $919.93 million. Leggett & Platt had a return on equity of 21.65% and a net margin of 5.29%. The company's revenue for the quarter was down 30.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS.
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 Monday, August 3rd. Investors of record on Tuesday, September 15th will be paid a dividend of $0.40 per share on Thursday, October 15th. This represents a $1.60 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, September 14th.
View Leggett & Platt's dividend history
.

What price target have analysts set for LEG?

6 brokerages have issued twelve-month price objectives for Leggett & Platt's shares. Their forecasts range from $20.00 to $54.00. On average, they anticipate Leggett & Platt's stock price to reach $37.80 in the next year. This suggests that the stock has a possible downside of 8.2%.
View analysts' price targets for Leggett & Platt
.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,070,000 shares, an increase of 54.4% from the August 31st total of 4,580,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 5.8 days. Approximately 5.4% of the shares of the stock are sold short.
View Leggett & Platt's Short Interest
.

Who are some of Leggett & Platt's key 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), Walmart (WMT) and Pfizer (PFE).

Who are Leggett & Platt's key executives?

Leggett & Platt's management team includes the following people:
  • Mr. Karl G. Glassman, CEO, Pres & Director (Age 61)
  • Mr. Matthew C. Flanigan, Exec. VP, CFO & Director (Age 57)
  • Mr. J. Mitchell Dolloff, Exec. VP, COO and Pres of Specialized Products & Furniture Products (Age 53)
  • Mr. Scott S. Douglas, Sr. VP, Gen. Counsel & Sec. (Age 59)
  • Mr. Perry E. Davis, Exec. VP and Pres of Residential Products & Industrial products (Age 60)

What is Leggett & Platt's stock symbol?

Leggett & Platt trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEG."

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Leggett & Platt's stock price today?

One share of LEG stock can currently be purchased for approximately $41.17.

How big of a company is Leggett & Platt?

Leggett & Platt has a market capitalization of $5.45 billion and generates $4.75 billion in revenue each year. The company earns $333.80 million in net income (profit) each year or $2.57 on an earnings per share basis. Leggett & Platt employs 22,000 workers across the globe.

What is Leggett & Platt's official website?

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

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 or via email at [email protected]

This page was last updated on 10/1/2020 by MarketBeat.com Staff

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