Analysts Set Expectations for Leggett & Platt Q2 Earnings

Leggett & Platt, Incorporated (NYSE:LEG) – Analysts at Zacks Research boosted their Q2 2027 EPS estimates for Leggett & Platt in a report released on Tuesday, July 21st. Zacks Research analyst Team now expects that the company will post earnings of $0.30 per share for the quarter, up from their previous estimate of $0.29. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $0.90 per share. Zacks Research also issued estimates for Leggett & Platt’s Q4 2027 earnings at $0.25 EPS, FY2027 earnings at $1.08 EPS and FY2028 earnings at $1.20 EPS.

LEG has been the subject of several other reports. Truist Financial reduced their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Friday, May 8th. Weiss Ratings upgraded Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.33.

Leggett & Platt Stock Performance

Shares of NYSE LEG opened at $10.68 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 6.63 and a beta of 0.71. The stock’s fifty day simple moving average is $10.63 and its 200 day simple moving average is $11.01. Leggett & Platt has a 52-week low of $7.86 and a 52-week high of $13.00.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. The company had revenue of $918.20 million for the quarter, compared to analyst estimates of $946.79 million. During the same quarter last year, the company posted $0.24 EPS. Leggett & Platt’s revenue was down 10.2% on a year-over-year basis.

Leggett & Platt Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. Leggett & Platt’s dividend payout ratio (DPR) is currently 12.42%.

Hedge Funds Weigh In On Leggett & Platt

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in shares of Leggett & Platt by 32.0% during the 4th quarter. Hantz Financial Services Inc. now owns 3,231 shares of the company’s stock worth $36,000 after purchasing an additional 783 shares in the last quarter. Optimize Financial Inc grew its stake in shares of Leggett & Platt by 1.5% in the 4th quarter. Optimize Financial Inc now owns 60,507 shares of the company’s stock valued at $666,000 after buying an additional 868 shares in the last quarter. GAMMA Investing LLC increased its holdings in Leggett & Platt by 18.3% in the second quarter. GAMMA Investing LLC now owns 6,800 shares of the company’s stock worth $80,000 after buying an additional 1,051 shares during the last quarter. Jones Financial Companies Lllp raised its position in Leggett & Platt by 8.4% during the first quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company’s stock valued at $116,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Leggett & Platt by 12.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,271 shares of the company’s stock valued at $113,000 after purchasing an additional 1,152 shares in the last quarter. 64.23% of the stock is currently owned by hedge funds and other institutional investors.

Leggett & Platt Company Profile

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.