Equities analysts expect Leggett & Platt, Inc. (NYSE:LEG) to post earnings per share of $0.62 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Leggett & Platt’s earnings, with estimates ranging from $0.59 to $0.66. Leggett & Platt also posted earnings of $0.62 per share during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Leggett & Platt will report full year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.71 to $2.79. For the next financial year, analysts expect that the company will post earnings of $2.99 per share, with EPS estimates ranging from $2.95 to $3.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Leggett & Platt.
Leggett & Platt (NYSE:LEG) last released its earnings results on Monday, February 5th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $984.00 million for the quarter, compared to analyst estimates of $998.32 million. Leggett & Platt had a return on equity of 29.44% and a net margin of 7.42%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS.
Leggett & Platt (NYSE LEG) opened at $47.02 on Wednesday. The firm has a market cap of $6,198.10, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.52 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.22 and a debt-to-equity ratio of 0.92. Leggett & Platt has a 52-week low of $41.25 and a 52-week high of $54.97.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, March 14th. Leggett & Platt’s dividend payout ratio is currently 67.61%.
In other news, CFO Matthew C. Flanigan sold 10,061 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $45.78, for a total transaction of $460,592.58. Following the completion of the transaction, the chief financial officer now owns 102,615 shares of the company’s stock, valued at $4,697,714.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David M. Desonier sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.28, for a total transaction of $452,800.00. Following the transaction, the senior vice president now directly owns 75,542 shares of the company’s stock, valued at approximately $3,420,541.76. The disclosure for this sale can be found here. Insiders have sold 35,932 shares of company stock valued at $1,648,568 in the last ninety days. 1.78% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Leggett & Platt by 321.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 50,728 shares of the company’s stock valued at $2,421,000 after buying an additional 38,699 shares during the last quarter. KCM Investment Advisors LLC raised its position in shares of Leggett & Platt by 13.0% during the fourth quarter. KCM Investment Advisors LLC now owns 15,534 shares of the company’s stock valued at $741,000 after buying an additional 1,788 shares during the last quarter. OLD Republic International Corp raised its position in shares of Leggett & Platt by 43.5% during the fourth quarter. OLD Republic International Corp now owns 834,500 shares of the company’s stock valued at $39,831,000 after buying an additional 253,000 shares during the last quarter. BB&T Investment Services Inc. increased its stake in Leggett & Platt by 57.7% in the fourth quarter. BB&T Investment Services Inc. now owns 15,138 shares of the company’s stock valued at $715,000 after acquiring an additional 5,540 shares during the period. Finally, MetLife Investment Advisors LLC bought a new stake in Leggett & Platt in the fourth quarter valued at about $1,947,000. 73.68% of the stock is owned by institutional investors and hedge funds.
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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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