Leggett & Platt - LEG Stock Forecast, Price & News

3 Wall Street equities 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 equities 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.
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3 equities research analysts have issued 1-year price targets for Leggett & Platt's shares. Their LEG share price forecasts range from $36.00 to $50.00. On average, they predict the company's share price to reach $43.00 in the next year. This suggests a possible upside of 22.4% from the stock's current price.
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Leggett & Platt's stock was trading at $41.16 on January 1st, 2022. Since then, LEG shares have decreased by 14.7% and is now trading at $35.12.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our LEG earnings forecast.

Leggett & Platt, Incorporated (NYSE:LEG) released its earnings results on Monday, August, 1st. The company reported $0.70 earnings per share for the quarter, hitting analysts' consensus estimates of $0.70. The business earned $1.33 billion during the quarter, compared to analysts' expectations of $1.33 billion. Leggett & Platt had a trailing twelve-month return on equity of 23.85% and a net margin of 7.31%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS.
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Leggett & Platt announced a quarterly dividend on Tuesday, August 9th. Investors of record on Thursday, September 15th will be given a dividend of $0.44 per share on Friday, October 14th. This represents a $1.76 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Wednesday, September 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 4.95%. 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 61.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LEG will have a dividend payout ratio of 64.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LEG.

Leggett & Platt updated its FY 2022 earnings guidance on Monday, August, 8th. The company provided earnings per share (EPS) guidance of $2.65-$2.80 for the period, compared to the consensus EPS estimate of $2.72. The company issued revenue guidance of $5.20 billion-$5.40 billion, compared to the consensus revenue estimate of $5.30 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 many different institutional and retail investors. Top institutional shareholders include Capital Investment Advisors LLC (0.00%). 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.
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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.
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One share of LEG stock can currently be purchased for approximately $35.12.

Leggett & Platt (NYSE:LEG) has a market capitalization of $4.69 billion and generates $5.07 billion in revenue each year. The company earns $402.40 million in net income (profit) each year or $2.84 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.