Brokerages forecast that Leggett & Platt, Inc. (NYSE:LEG) will report earnings per share of $0.61 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Leggett & Platt’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.62. Leggett & Platt reported earnings of $0.53 per share during the same quarter last year, which would suggest a positive year over year growth rate of 15.1%. The business is scheduled to report its next earnings results on Monday, January 29th.

According to Zacks, analysts expect that Leggett & Platt will report full year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.47 to $2.50. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.77 per share, with EPS estimates ranging from $2.64 to $2.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Leggett & Platt.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Leggett & Platt had a return on equity of 29.60% and a net margin of 8.75%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS.

LEG has been the subject of a number of analyst reports. SunTrust Banks reissued a “buy” rating and set 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 Leggett & Platt and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research downgraded Leggett & Platt from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Leggett & Platt in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $54.29.

Leggett & Platt (NYSE LEG) traded up $0.11 on Friday, reaching $47.73. The company’s stock had a trading volume of 516,500 shares, compared to its average volume of 793,433. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. The stock has a market cap of $6,290.00, a P/E ratio of 19.32, a PEG ratio of 1.78 and a beta of 1.03. Leggett & Platt has a 12-month low of $43.17 and a 12-month high of $54.97.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, December 14th. Leggett & Platt’s dividend payout ratio is currently 58.30%.

In related news, SVP Scott S. Douglas sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $46.45, for a total value of $139,350.00. Following the sale, the senior vice president now owns 35,289 shares in the company, valued at approximately $1,639,174.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.78% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC grew its holdings in shares of Leggett & Platt by 10.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 356,232 shares of the company’s stock worth $17,003,000 after acquiring an additional 34,484 shares during the period. Smith Shellnut Wilson LLC ADV acquired a new stake in Leggett & Platt during the 3rd quarter valued at $259,000. Archford Capital Strategies LLC grew its holdings in Leggett & Platt by 5.5% during the 3rd quarter. Archford Capital Strategies LLC now owns 21,708 shares of the company’s stock valued at $1,036,000 after buying an additional 1,137 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Leggett & Platt by 25.9% during the 3rd quarter. Moors & Cabot Inc. now owns 7,300 shares of the company’s stock valued at $349,000 after buying an additional 1,500 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in Leggett & Platt during the 3rd quarter valued at $387,000. Institutional investors and hedge funds own 68.47% of the company’s stock.

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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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