Leggett & Platt (NYSE:LEG) Issues Quarterly Earnings Results

Leggett & Platt (NYSE:LEG) issued its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21, Zacks reports. Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. Leggett & Platt updated its FY 2025 guidance to 1.000-1.200 EPS.

Leggett & Platt Stock Performance

LEG traded up $0.26 during trading on Thursday, reaching $9.99. 1,983,415 shares of the company’s stock were exchanged, compared to its average volume of 1,651,493. Leggett & Platt has a 1 year low of $9.18 and a 1 year high of $21.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.48 and a quick ratio of 0.84. The stock has a market capitalization of $1.34 billion, a P/E ratio of -1.66 and a beta of 1.12. The company’s fifty day simple moving average is $10.38 and its 200-day simple moving average is $11.81.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LEG shares. Truist Financial lowered their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group decreased their price objective on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Piper Sandler raised shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $11.00 to $13.00 in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Leggett & Platt presently has an average rating of “Hold” and a consensus target price of $12.00.

About Leggett & Platt

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 Products, Specialized Products, and Furniture, Flooring & Textile Products.