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NYSE:LEGLeggett & Platt Stock Price, Forecast & News

$33.97
-2.11 (-5.85 %)
(As of 07/9/2020 02:40 PM ET)
Add
Compare
Today's Range
$33.18
Now: $33.97
$35.99
50-Day Range
$28.55
MA: $33.44
$38.60
52-Week Range
$22.03
Now: $33.97
$55.42
Volume862,800 shs
Average Volume1.23 million shs
Market Capitalization$4.49 billion
P/E Ratio14.39
Dividend Yield4.56%
Beta1.57
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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Leggett & Platt logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.33 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$3.97 per share
Book Value$9.97 per share

Profitability

Net Income$333.80 million

Miscellaneous

Employees22,000
Market Cap$4.49 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Leggett & Platt (NYSE:LEG) Frequently Asked Questions

How has Leggett & Platt's stock been impacted by COVID-19 (Coronavirus)?

Leggett & Platt's stock was trading at $34.30 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LEG shares have decreased by 1.1% and is now trading at $33.92. View which stocks have been most impacted by Coronavirus.

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, August 3rd 2020. View our earnings forecast for Leggett & Platt.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Inc. (NYSE:LEG) posted its earnings results on Monday, May, 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.09 billion. Leggett & Platt had a net margin of 6.86% and a return on equity of 26.61%. The business's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. View Leggett & Platt's earnings history.

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

Leggett & Platt announced a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.40 per share on Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, June 12th. View Leggett & Platt's dividend history.

What price target have analysts set for LEG?

6 equities research analysts have issued 12 month price objectives for Leggett & Platt's shares. Their forecasts range from $20.00 to $54.00. On average, they anticipate Leggett & Platt's share price to reach $36.40 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price. View analysts' price targets for Leggett & Platt.

Has Leggett & Platt been receiving favorable news coverage?

News articles about LEG stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Leggett & Platt earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Leggett & Platt.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,500,000 shares, a drop of 13.9% from the June 15th total of 6,390,000 shares. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 4.2% of the shares of the company are sold short. View Leggett & Platt's Current Options Chain.

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 Exxon Mobil (XOM), AbbVie (ABBV), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), 3M (MMM), Chevron (CVX), Mcdonald's (MCD), Pfizer (PFE) and PepsiCo (PEP).

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."

Who are Leggett & Platt's major shareholders?

Leggett & Platt's stock is owned by a number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.12%), Richard P Slaughter Associates Inc (0.02%), Municipal Employees Retirement System of Michigan (0.01%) and Woodstock Corp (0.01%). Company insiders that own Leggett & Platt stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Matthew C Flanigan, Phoebe A Wood, Robert Ted Enloe III, Russell J Iorio, Scott S Douglas and Susan R Mccoy. View institutional ownership trends for Leggett & Platt.

Which major investors are selling Leggett & Platt stock?

LEG stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. Company insiders that have sold Leggett & Platt company stock in the last year include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Phoebe A Wood, Robert Ted Enloe III, Russell J Iorio, and Susan R Mccoy. View insider buying and selling activity for Leggett & Platt.

Which major investors are buying Leggett & Platt stock?

LEG stock was acquired by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, Richard P Slaughter Associates Inc, and Woodstock Corp. View insider buying and selling activity for Leggett & Platt.

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 $33.92.

How big of a company is Leggett & Platt?

Leggett & Platt has a market capitalization of $4.49 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 7/9/2020 by MarketBeat.com Staff

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