Leggett & Platt Inco (LEG) Releases FY12 Earnings Guidance
Leggett & Platt Inco (LEG) issued an update on its FY12 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.45-1.52 for the period. Leggett & Platt Inco also updated its Q4 guidance to $0.25-0.32 EPS.
Leggett & Platt Inco (LEG) traded up 0.43% on Monday, hitting $25.40. Leggett & Platt Inco (LEG) has a 52-week low of $19.26 and a 52-week high of $26.21. The company has a market cap of $3.571 billion and a price-to-earnings ratio of 22.72.
Leggett & Platt Inco last posted its quarterly earnings results on Monday, October 29th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.06. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Leggett & Platt Inco (LEG) will post $1.39 earnings per share for the current fiscal year.
On a related note, analysts at Zacks reiterated a neutral rating on shares of Leggett & Platt Inco in a research note to investors on Thursday, August 16th. They now have a $24.00 price target on the stock.
Leggett & Platt, Incorporated is an international manufacturer, which conceives designs and produces a range of engineered components and products found in many homes, offices, retail stores and automobiles.
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