Analysts expect that Leggett & Platt, Incorporated (NYSE:LEG) will announce $0.63 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for Leggett & Platt,’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.59. Leggett & Platt, posted earnings per share of $0.67 in the same quarter last year, which would indicate a negative year over year growth rate of 6%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Leggett & Platt, will report full-year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.42 to $2.62. For the next financial year, analysts expect that the business will post earnings of $2.77 per share, with EPS estimates ranging from $2.59 to $2.93. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Leggett & Platt,.

Leggett & Platt, (NYSE:LEG) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. The company had revenue of $989.30 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis.

Several analysts recently weighed in on LEG shares. Piper Jaffray Companies started coverage on shares of Leggett & Platt, in a research note on Monday, June 5th. They issued an “overweight” rating and a $59.00 price objective on the stock. BidaskClub cut shares of Leggett & Platt, from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Gabelli started coverage on shares of Leggett & Platt, in a research note on Wednesday, June 21st. They issued a “hold” rating and a $53.00 price objective on the stock. Credit Suisse Group started coverage on shares of Leggett & Platt, in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $56.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Leggett & Platt, has an average rating of “Hold” and an average price target of $55.63.

COPYRIGHT VIOLATION NOTICE: “$0.63 EPS Expected for Leggett & Platt, Incorporated (LEG) This Quarter” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/16/0-63-eps-expected-for-leggett-platt-incorporated-leg-this-quarter.html.

In other Leggett & Platt, news, insider Matthew C. Flanigan sold 19,589 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $49.58, for a total transaction of $971,222.62. Following the sale, the insider now owns 159,522 shares of the company’s stock, valued at $7,909,100.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.78% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Gotham Asset Management LLC boosted its position in Leggett & Platt, by 270.6% during the first quarter. Gotham Asset Management LLC now owns 157,645 shares of the company’s stock valued at $7,933,000 after acquiring an additional 115,102 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Leggett & Platt, by 33.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 121,673 shares of the company’s stock worth $6,391,000 after purchasing an additional 30,250 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its position in shares of Leggett & Platt, by 19.0% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 72,526 shares of the company’s stock worth $3,649,000 after purchasing an additional 11,569 shares in the last quarter. Ronna Sue Cohen boosted its position in shares of Leggett & Platt, by 0.6% during the 2nd quarter. Ronna Sue Cohen now owns 8,220 shares of the company’s stock worth $432,000 after purchasing an additional 47 shares in the last quarter. Finally, Woodstock Corp boosted its position in shares of Leggett & Platt, by 0.6% during the 2nd quarter. Woodstock Corp now owns 15,600 shares of the company’s stock worth $819,000 after purchasing an additional 100 shares in the last quarter. 69.00% of the stock is currently owned by institutional investors and hedge funds.

Leggett & Platt, (LEG) traded up 0.75% on Friday, hitting $45.85. The stock had a trading volume of 1,602,885 shares. The company has a 50 day moving average of $46.55 and a 200 day moving average of $50.42. Leggett & Platt, has a 12-month low of $43.17 and a 12-month high of $54.97. The company has a market capitalization of $6.07 billion, a PE ratio of 18.19 and a beta of 1.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 3.14%. Leggett & Platt,’s dividend payout ratio (DPR) is currently 57.14%.

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.

Get a free copy of the Zacks research report on Leggett & Platt, (LEG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Leggett & Platt, (NYSE:LEG)

Receive News & Ratings for Leggett & Platt Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.