Leggett & Platt - LEG Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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.

3 brokerages have issued 1-year target prices for Leggett & Platt's stock. Their LEG share price forecasts range from $24.00 to $50.00. On average, they predict the company's share price to reach $37.25 in the next year. This suggests a possible upside of 5.2% from the stock's current price.
View analysts price targets for LEG or view top-rated stocks among Wall Street analysts.

Leggett & Platt's stock was trading at $32.23 at the beginning of 2023. Since then, LEG shares have increased by 9.9% and is now trading at $35.41.
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Leggett & Platt saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 8,520,000 shares, an increase of 12.0% from the November 30th total of 7,610,000 shares. Based on an average trading volume of 873,100 shares, the days-to-cover ratio is presently 9.8 days. Approximately 6.5% of the shares of the stock are sold short.
View Leggett & Platt's Short Interest.

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

Leggett & Platt will be holding an earnings conference call on Tuesday, February 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Leggett & Platt, Incorporated (NYSE:LEG) posted its quarterly earnings results on Sunday, October, 31st. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.77 by $0.06. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.31 billion. Leggett & Platt had a net margin of 6.86% and a trailing twelve-month return on equity of 22.32%. The company's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share.
Read the conference call transcript.

Leggett & Platt declared 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 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Wednesday, December 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 4.93%. 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 51 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 87.56% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LEG.

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 earnings per share 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.

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 a variety of institutional and retail investors. Top institutional shareholders include Capital Advisors Inc. OK (0.36%), Villere ST Denis J & Co. LLC (0.27%), UMB Bank n.a. (0.20%), First National Corp MA ADV (0.14%), Crossmark Global Holdings Inc. (0.10%) and Richard P Slaughter Associates Inc (0.08%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner, Scott S Douglas and Susan R Mccoy.
View institutional ownership trends.

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 $35.41.

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 $2.65 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.