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Sober or bright? Europe faces holidays during energy crunch
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Whole Foods decision to pull lobster divides enviros, pols
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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
THE BEST BLACK FRIDAY DEAL YET (Ad)
Sober or bright? Europe faces holidays during energy crunch
On outskirts of Doha, laborers watch World Cup they built
See how to make money instead of spending it on Black Friday with this offer (Ad)
Biden eases Venezuela sanctions as opposition talks resume
Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
THE BEST BLACK FRIDAY DEAL YET (Ad)
Sober or bright? Europe faces holidays during energy crunch
On outskirts of Doha, laborers watch World Cup they built
See how to make money instead of spending it on Black Friday with this offer (Ad)
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Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)
NYSE:LEG

Leggett & Platt - LEG Stock Forecast, Price & News

$35.77
+0.12 (+0.34%)
(As of 11/25/2022 12:00 AM ET)
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Compare
Today's Range
$35.51
$36.08
50-Day Range
$30.95
$37.04
52-Week Range
$30.28
$43.89
Volume
208,544 shs
Average Volume
778,895 shs
Market Capitalization
$4.74 billion
P/E Ratio
13.50
Dividend Yield
4.94%
Price Target
$39.00

Leggett & Platt MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
9.0% Upside
$39.00 Price Target
Short Interest
Bearish
6.59% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.09
Upright™ Environmental Score
News Sentiment
0.25mentions of Leggett & Platt in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-10.17%
From $2.36 to $2.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.41 out of 5 stars

Consumer Discretionary Sector

263rd out of 273 stocks

Household Furniture Industry

9th out of 9 stocks

LEG stock logo

About Leggett & Platt (NYSE:LEG) Stock

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. The company was founded in 1883 and is based in Carthage, Missouri.

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LEG Stock News Headlines

Leggett & Platt Q3 Earnings: Is The Dividend In Danger?
Leggett (LEG) Q3 Earnings Beat, Stock Down on Tepid Views
Leggett & Platt Inc. Q3 Profit Decreases, but beats estimates
Leggett & Platt Sees Q4 EPS In Line With View
Leggett & Platt's Earnings: A Preview
Leggett & Platt Q3 2022 Earnings Preview
LEG Leggett & Platt, Incorporated
Leggett & Platt Announces 3Q 2022 Earnings Call
Leggett & Platt Inc LEG Stock Quote
Leggett & Platt Lowers FY22 Outlook; Stock Slips 8%
Leggett & Platt Slashes 2022 Sales, Earnings Guidance
See More Headlines
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LEG Company Calendar

Ex-Dividend for 10/14 Dividend
9/14/2022
Dividend Payable
10/14/2022
Last Earnings
10/31/2022
Today
11/27/2022
Ex-Dividend for 1/13 Dividend
12/14/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/13/2023
Next Earnings (Estimated)
2/06/2023

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
20,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$39.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+9.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$402.40 million
Pretax Margin
8.86%

Debt

Sales & Book Value

Annual Sales
$5.07 billion
Cash Flow
$4.27 per share
Book Value
$11.79 per share

Miscellaneous

Free Float
130,496,000
Market Cap
$4.74 billion
Optionable
Optionable
Beta
1.26

Key Executives

  • Mr. Karl G. Glassman (Age 64)
    Exec. Chairman
    Comp: $3.17M
  • Mr. J. Mitchell Dolloff (Age 56)
    CEO, Pres & Director
    Comp: $1.76M
  • Mr. Jeffrey L. Tate (Age 52)
    Exec. VP & CFO
    Comp: $1.15M
  • Mr. Scott S. DouglasMr. Scott S. Douglas (Age 62)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $962.74k
  • Mr. Steven K. Henderson (Age 60)
    Exec. VP and Pres of Specialized Products & Furniture, Flooring & Textile Products
    Comp: $1.06M
  • Ms. Tammy M. Trent (Age 56)
    Sr. VP & Chief Accounting Officer
  • Mr. Michael W. Blinzler
    VP & Chief Information Officer
  • Ms. Susan R. McCoyMs. Susan R. McCoy (Age 56)
    Sr. VP of Investor Relations
  • Ms. Christina A. Ptasinski (Age 62)
    Sr. VP & Chief HR Officer
  • Mr. Benjamin M. Burns (Age 44)
    Sr. VP of Bus. Support Services













LEG Stock - Frequently Asked Questions

Should I buy or sell Leggett & Platt stock right now?

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.

What is Leggett & Platt's stock price forecast for 2023?

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.

How have LEG shares performed in 2022?

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
.

Are investors shorting Leggett & Platt?

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
.

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our LEG earnings forecast
.

How were Leggett & Platt's earnings last quarter?

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
.

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

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
.

Is Leggett & Platt a good dividend stock?

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.

What guidance has Leggett & Platt issued on next quarter's earnings?

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.

What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?

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.

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), Pfizer (PFE) and Walmart (WMT).

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 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
.

How do I buy shares of Leggett & Platt?

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.

What is Leggett & Platt's stock price today?

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

How much money does Leggett & Platt make?

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.

How many employees does Leggett & Platt have?

The company employs 20,300 workers across the globe.

How can I contact Leggett & Platt?

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.

This page (NYSE:LEG) was last updated on 11/27/2022 by MarketBeat.com Staff