Leggett & Platt (LEG) Set to Announce Quarterly Earnings on Tuesday

Leggett & Platt (NYSE:LEG) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Leggett & Platt (NYSE:LEG) last announced its earnings results on Friday, February 9th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Leggett & Platt had a positive return on equity of 11.99% and a negative net margin of 2.90%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. On average, analysts expect Leggett & Platt to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leggett & Platt Stock Performance

Shares of LEG stock opened at $17.99 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.84 and a current ratio of 1.49. The company has a market capitalization of $2.41 billion, a P/E ratio of -17.99 and a beta of 1.17. The company’s 50 day moving average price is $19.12 and its two-hundred day moving average price is $22.39. Leggett & Platt has a 52 week low of $17.19 and a 52 week high of $33.50.

Leggett & Platt Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.23%. Leggett & Platt’s dividend payout ratio (DPR) is presently -184.00%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Leggett & Platt from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Tuesday, March 26th. StockNews.com downgraded shares of Leggett & Platt from a “hold” rating to a “sell” rating in a report on Monday, March 11th. Finally, TheStreet downgraded shares of Leggett & Platt from a “c” rating to a “d+” rating in a report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, Leggett & Platt currently has a consensus rating of “Hold” and a consensus target price of $19.33.

About Leggett & Platt

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.