Zacks Research Boosts Earnings Estimates for Leggett & Platt

Leggett & Platt, Incorporated (NYSE:LEG) – Equities researchers at Zacks Research increased their Q2 2027 earnings estimates for Leggett & Platt in a research report issued to clients and investors on Tuesday, July 21st. Zacks Research analyst Team now forecasts that the company will post earnings of $0.30 per share for the quarter, up from their prior forecast of $0.29. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $0.90 per share. Zacks Research also issued estimates for Leggett & Platt’s Q4 2027 earnings at $0.25 EPS, FY2027 earnings at $1.08 EPS and FY2028 earnings at $1.20 EPS.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings raised Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Truist Financial reduced their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.33.

Leggett & Platt Trading Down 1.0%

NYSE:LEG opened at $10.62 on Wednesday. The company has a market cap of $1.45 billion, a PE ratio of 6.59 and a beta of 0.71. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 1.44. The company has a 50 day simple moving average of $10.68 and a two-hundred day simple moving average of $11.00. Leggett & Platt has a 12 month low of $7.86 and a 12 month high of $13.00.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. The company had revenue of $918.20 million for the quarter, compared to the consensus estimate of $946.79 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, June 15th. Leggett & Platt’s payout ratio is 12.42%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp boosted its holdings in Leggett & Platt by 8,333.0% in the 4th quarter. M&T Bank Corp now owns 1,132,132 shares of the company’s stock worth $12,453,000 after buying an additional 1,118,707 shares during the period. Vanguard Group Inc. raised its holdings in Leggett & Platt by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,990,042 shares of the company’s stock valued at $208,890,000 after acquiring an additional 282,940 shares during the period. JPMorgan Chase & Co. raised its holdings in Leggett & Platt by 165.5% during the third quarter. JPMorgan Chase & Co. now owns 657,997 shares of the company’s stock valued at $5,843,000 after acquiring an additional 410,171 shares during the period. SG Americas Securities LLC lifted its position in shares of Leggett & Platt by 602.2% in the fourth quarter. SG Americas Securities LLC now owns 370,643 shares of the company’s stock valued at $4,077,000 after acquiring an additional 317,861 shares in the last quarter. Finally, Invenomic Capital Management LP lifted its position in shares of Leggett & Platt by 4.0% in the fourth quarter. Invenomic Capital Management LP now owns 2,437,519 shares of the company’s stock valued at $26,813,000 after acquiring an additional 93,213 shares in the last quarter. 64.23% of the stock is currently owned by institutional investors.

Leggett & Platt News Summary

Here are the key news stories impacting Leggett & Platt this week:

• Positive Sentiment: Zacks Research raised longer-term earnings estimates for Leggett & Platt and upgraded the stock from strong sell to hold, suggesting a somewhat improved outlook for profitability. Zacks Research upgrade and estimate revisions
• Neutral Sentiment: The company announced it will release second-quarter 2026 earnings on August 6, 2026, before the market opens. This keeps investors focused on upcoming results, but the announcement itself does not change fundamentals. Leggett & Platt Announces 2Q 2026 Earnings Release Date
• Neutral Sentiment: Leggett & Platt also said it will not host an earnings call, which may limit the amount of detail investors get when the results are released. Leggett & Platt to Release Second Quarter 2026 Earnings Results on August 6, 2026
• Neutral Sentiment: Recent commentary from Zacks and Seeking Alpha reflects a divided view on the stock, with one note turning more constructive while another remains bearish. That split likely adds to investor caution rather than providing a clear catalyst. Zacks article

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.