Leggett & Platt (NYSE:LEG) will issue its quarterly earnings data after the market closes on Monday, February 5th. Analysts expect the company to announce earnings of $0.59 per share for the quarter.
Leggett & Platt (NYSE:LEG) last announced its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Leggett & Platt had a net margin of 8.75% and a return on equity of 29.60%. Leggett & Platt’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.67 earnings per share. On average, analysts expect Leggett & Platt to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Leggett & Platt (NYSE:LEG) opened at $47.83 on Monday. The firm has a market cap of $6,299.55, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.03. Leggett & Platt has a one year low of $43.17 and a one year high of $54.97. The company has a quick ratio of 1.11, a current ratio of 1.74 and a debt-to-equity ratio of 0.89.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were paid a $0.36 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.44 annualized dividend and a yield of 3.01%. Leggett & Platt’s dividend payout ratio (DPR) is 58.78%.
In other news, SVP Scott S. Douglas sold 3,000 shares of Leggett & Platt 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 sale, the senior vice president now directly owns 35,289 shares in the company, valued at $1,639,174.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.78% of the company’s stock.
LEG has been the subject of several recent analyst reports. SunTrust Banks restated a “buy” rating and issued a $53.00 target price on shares of Leggett & Platt in a research note on Friday, October 27th. Piper Jaffray Companies set a $49.00 target price on shares of Leggett & Platt and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Leggett & Platt currently has a consensus rating of “Buy” and an average price target of $54.50.
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About Leggett & Platt
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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