Media stories about Leggett & Platt (NYSE:LEG) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Leggett & Platt earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.4390149962245 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Leggett & Platt (NYSE LEG) traded up $0.23 during mid-day trading on Friday, hitting $48.80. The company had a trading volume of 885,310 shares, compared to its average volume of 693,232. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. Leggett & Platt has a fifty-two week low of $43.17 and a fifty-two week high of $54.97. The company has a market capitalization of $6,432.67, a PE ratio of 19.92, a P/E/G ratio of 1.83 and a beta of 1.03.
Leggett & Platt (NYSE:LEG) last released its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Leggett & Platt had a return on equity of 29.60% and a net margin of 8.75%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. equities research analysts predict that Leggett & Platt will post 2.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.95%. Leggett & Platt’s dividend payout ratio (DPR) is presently 58.78%.
A number of brokerages have weighed in on LEG. SunTrust Banks raised Leggett & Platt from a “hold” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $53.00 in a research report on Friday, September 22nd. They noted that the move was a valuation call. Piper Jaffray Companies set a $49.00 price target on Leggett & Platt and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded Leggett & Platt from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.25.
In other news, SVP Scott S. Douglas sold 3,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $46.45, for a total transaction of $139,350.00. Following the completion of the transaction, the senior vice president now directly owns 35,289 shares in the company, valued at $1,639,174.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.78% of the stock is currently owned by corporate insiders.
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Leggett & Platt Company Profile
Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.
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