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NYSE:LEG

Leggett & Platt - LEG Stock Forecast, Price & News

$36.02
+0.61 (+1.72%)
(As of 01/31/2023 12:12 PM ET)
Add
Compare
Today's Range
$35.45
$36.03
50-Day Range
$31.59
$35.77
52-Week Range
$30.28
$41.94
Volume
200,744 shs
Average Volume
762,902 shs
Market Capitalization
$4.78 billion
P/E Ratio
13.59
Dividend Yield
4.93%
Price Target
$37.25

Leggett & Platt MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.5% Upside
$37.25 Price Target
Short Interest
Bearish
6.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.19
Upright™ Environmental Score
News Sentiment
0.58mentions of Leggett & Platt in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-14.83%
From $2.36 to $2.01 Per Share

Overall MarketRank

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

1.37 out of 5 stars

Consumer Discretionary Sector

261st out of 279 stocks

Household Furniture Industry

7th out of 8 stocks


LEG stock logo

About Leggett & Platt (NYSE:LEG) Stock

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring, Furniture & Textile, and Specialized Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Flooring, Furniture & Textile Products segment is a producer of an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The Specialized Products segment supplies titanium, nickel, and stainless-steel tubing for the aerospace industry, and serves the construction market with its hydraulic cylinders group. The company was founded by J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.

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LEG Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Leggett & Platt Announces 4Q 2022 Earnings Call
Without Graphite, There Would Be ZERO EV Batteries!
Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.
Leggett & Platt's Debt Overview
See More Headlines
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LEG Company Calendar

Last Earnings
10/31/2021
Ex-Dividend for 1/13 Dividend
12/14/2022
Dividend Payable
1/13/2023
Today
1/31/2023
Next Earnings (Confirmed)
2/06/2023
Fiscal Year End
12/31/2023

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
$37.25
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+3.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
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
$4.30 per share
Book Value
$12.36 per share

Miscellaneous

Free Float
130,496,000
Market Cap
$4.78 billion
Optionable
Optionable
Beta
1.26

Key Executives

  • J. Mitchell Dolloff
    President, Chief Executive Officer & Director
  • Jeffrey L. Tate
    Chief Financial Officer & Executive Vice President
  • Michael W. Blinzler
    Chief Information Officer & Vice President-IT
  • Vincent Lyons
    Vice President-Engineering & Technology
  • Steven K. Henderson
    Executive VP & President-Specialized Products













LEG Stock - Frequently Asked Questions

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

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.

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

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.

How have LEG shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Leggett & Platt?

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
.

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 can I listen to Leggett & Platt's earnings call?

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.

How were Leggett & Platt's earnings last quarter?

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
.

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

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
.

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 4.93%. 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.

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 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.

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 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
.

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 $35.41.

How much money does Leggett & Platt make?

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.

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 1/31/2023 by MarketBeat.com Staff