Leggett & Platt (NYSE:LEG – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.100-1.250 for the period, compared to the consensus earnings per share estimate of 1.110. The company issued revenue guidance of $4.3 billion-$4.5 billion, compared to the consensus revenue estimate of $4.4 billion. Leggett & Platt also updated its FY24 guidance to $1.10-1.25 EPS.
Leggett & Platt Stock Up 1.0 %
NYSE LEG traded up $0.13 on Friday, hitting $13.00. 3,147,216 shares of the stock were exchanged, compared to its average volume of 1,916,592. The company has a quick ratio of 0.89, a current ratio of 1.57 and a debt-to-equity ratio of 1.37. Leggett & Platt has a fifty-two week low of $10.11 and a fifty-two week high of $30.47. The company has a market cap of $1.74 billion, a PE ratio of -11.21 and a beta of 1.08. The company has a 50-day moving average price of $11.86 and a 200-day moving average price of $16.23.
Leggett & Platt (NYSE:LEG – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Leggett & Platt had a negative net margin of 18.05% and a positive return on equity of 10.98%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Sell-side analysts anticipate that Leggett & Platt will post 1.11 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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Insider Activity at Leggett & Platt
In other Leggett & Platt news, Director Srikanth Padmanabhan purchased 10,000 shares of Leggett & Platt stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average price of $12.06 per share, for a total transaction of $120,600.00. Following the transaction, the director now directly owns 38,623 shares in the company, valued at $465,793.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mark A. Blinn acquired 6,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of $10.74 per share, for a total transaction of $64,440.00. Following the transaction, the director now owns 32,302 shares in the company, valued at $346,923.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Srikanth Padmanabhan acquired 10,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were purchased at an average price of $12.06 per share, with a total value of $120,600.00. Following the transaction, the director now owns 38,623 shares in the company, valued at approximately $465,793.38. The disclosure for this purchase can be found here. Insiders acquired a total of 55,635 shares of company stock worth $639,547 in the last 90 days. 1.57% of the stock is owned by insiders.
Leggett & Platt Company Profile
Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.
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