Zacks Research Expects Stronger Earnings for Leggett & Platt

Leggett & Platt, Incorporated (NYSE:LEG) – Equities research analysts at Zacks Research lifted their Q2 2026 EPS estimates for shares of Leggett & Platt in a research note issued on Wednesday, February 25th. Zacks Research analyst Team now anticipates that the company will earn $0.32 per share for the quarter, up from their previous forecast of $0.29. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $1.14 per share. Zacks Research also issued estimates for Leggett & Platt’s FY2026 earnings at $1.07 EPS, Q2 2027 earnings at $0.31 EPS and FY2027 earnings at $1.18 EPS.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Leggett & Platt had a net margin of 5.80% and a return on equity of 15.00%. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $938.74 million. During the same quarter last year, the company posted $0.21 EPS. The firm’s revenue was down 11.2% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on LEG. Weiss Ratings restated a “hold (c-)” rating on shares of Leggett & Platt in a report on Monday, December 29th. Wall Street Zen downgraded Leggett & Platt from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Piper Sandler upped their target price on shares of Leggett & Platt from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.67.

Leggett & Platt Stock Down 1.8%

Shares of NYSE LEG opened at $11.29 on Monday. The stock has a market cap of $1.53 billion, a P/E ratio of 6.68 and a beta of 0.71. The business’s fifty day simple moving average is $11.88 and its 200-day simple moving average is $10.43. Leggett & Platt has a 12-month low of $6.47 and a 12-month high of $13.00. The company has a current ratio of 2.25, a quick ratio of 1.45 and a debt-to-equity ratio of 1.46.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, March 13th. This represents a $0.20 annualized dividend and a yield of 1.8%. Leggett & Platt’s payout ratio is presently 11.83%.

Hedge Funds Weigh In On Leggett & Platt

Hedge funds have recently added to or reduced their stakes in the stock. Palisade Asset Management LLC acquired a new position in shares of Leggett & Platt in the 3rd quarter valued at $29,000. Quent Capital LLC purchased a new stake in Leggett & Platt in the third quarter valued at $34,000. Motiv8 Investments LLC acquired a new position in Leggett & Platt in the fourth quarter valued at $34,000. Hantz Financial Services Inc. grew its holdings in shares of Leggett & Platt by 32.0% during the fourth quarter. Hantz Financial Services Inc. now owns 3,231 shares of the company’s stock worth $36,000 after purchasing an additional 783 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Leggett & Platt during the third quarter worth about $51,000. 64.23% of the stock is currently owned by hedge funds and other institutional investors.

About Leggett & Platt

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.