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NYSE:LEG - Leggett & Platt Stock Price, Forecast & News

$27.95
-2.36 (-7.79 %)
(As of 03/29/2020 01:36 PM ET)
Today's Range
$26.72
Now: $27.95
$28.89
50-Day Range
$22.47
MA: $37.76
$46.41
52-Week Range
$22.03
Now: $27.95
$55.42
Volume1.16 million shs
Average Volume1.48 million shs
Market Capitalization$3.69 billion
P/E Ratio11.32
Dividend Yield5.28%
Beta1.21
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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Industry, Sector and Symbol

Industry Household furniture
Sub-IndustryHome Furnishings
SectorConsumer Discretionary
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$3.69 billion
Next Earnings Date5/4/2020 (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 reached pandemic status according to the World Health Organization. Since then, LEG shares have decreased by 18.5% and is now trading at $27.95. View which stocks have been mosted impacted by Coronavirus.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 5 hold ratings 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, May 4th 2020. View our earnings forecast for Leggett & Platt.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Inc. (NYSE:LEG) announced its quarterly earnings data on Monday, February, 3rd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The business earned $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. Leggett & Platt had a return on equity of 27.79% and a net margin of 7.02%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 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 Wednesday, February 19th. Shareholders of record on Friday, March 13th will be given a dividend of $0.40 per share on Wednesday, April 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Thursday, March 12th. View Leggett & Platt's dividend history.

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

Leggett & Platt issued an update on its FY20 earnings guidance on Monday, February, 3rd. The company provided earnings per share (EPS) guidance of $2.40-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.74. The company issued revenue guidance of $4.7-4.9 billion, compared to the consensus revenue estimate of $4.95 billion.

What price target have analysts set for LEG?

5 Wall Street analysts have issued 12 month price targets for Leggett & Platt's stock. Their forecasts range from $54.00 to $55.00. On average, they anticipate Leggett & Platt's stock price to reach $54.50 in the next twelve months. This suggests a possible upside of 95.0% from the stock's current price. View analysts' price targets for Leggett & Platt.

Has Leggett & Platt been receiving favorable news coverage?

Media stories about LEG stock have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Leggett & Platt earned a daily sentiment score of -4.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutLeggett & Platt.

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), AT&T (T), 3M (MMM), Verizon Communications (VZ), AbbVie (ABBV), PepsiCo (PEP), Mcdonald's (MCD), Altria Group (MO), Pfizer (PFE) and Walgreens Boots Alliance (WBA).

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 many different institutional and retail investors. Top institutional investors include State Street Corp (10.99%), Charles Schwab Investment Advisory Inc. (2.71%), ProShare Advisors LLC (1.89%), Geode Capital Management LLC (1.66%), US Bancorp DE (1.51%) and Bank of New York Mellon Corp (1.32%). 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 Bank of New York Mellon Corp, State Street Corp, First Trust Advisors LP, Villere ST Denis J & Co. LLC, Citigroup Inc., Capital Advisors Inc. OK, Becker Capital Management Inc., and US Bancorp DE. 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 bought by a variety of institutional investors in the last quarter, including Norges Bank, Wedge Capital Management L L P NC, Renaissance Technologies LLC, Cipher Capital LP, Geode Capital Management LLC, Schroder Investment Management Group, Man Group plc, and AQR Capital Management LLC. 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 $27.95.

How big of a company is Leggett & Platt?

Leggett & Platt has a market capitalization of $3.69 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. View additional information about Leggett & Platt.

What is Leggett & Platt's official website?

The official website for Leggett & Platt is http://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]


MarketBeat Community Rating for Leggett & Platt (NYSE LEG)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  313 (Vote Outperform)
Underperform Votes:  397 (Vote Underperform)
Total Votes:  710
MarketBeat's community ratings are surveys of what our community members think about Leggett & Platt and other stocks. Vote "Outperform" if you believe LEG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LEG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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