Leggett & Platt, (LEG) Earns Daily Media Sentiment Rating of 0.19
Headlines about Leggett & Platt, (NYSE:LEG) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Leggett & Platt, earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.9416079485944 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- IHS Markit Score downgrades Leggett & Platt Inc to 64 out of 100, ranking positively in only one out of three available IHS Markit categories. (finance.yahoo.com)
- Brokerages Anticipate Leggett & Platt, Incorporated (NYSE:LEG) Will Announce Earnings of $0.70 Per Share (americanbankingnews.com)
- Leggett & Platt, Incorporated (LEG) Position Increased by Norges Bank Last Quarter – First News 24 (firstnewspaper24.com)
- Interface, Inc. (TILE) Ex-Dividend Date Scheduled for August 09 … – Nasdaq (nasdaq.com)
- Bassett Furniture Industries, Incorporated (BSET) Ex-Dividend Date Scheduled for August 09, 2017 – Nasdaq (nasdaq.com)
A number of equities analysts have issued reports on the company. BidaskClub cut Leggett & Platt, from a “hold” rating to a “sell” rating in a report on Sunday, August 6th. Zacks Investment Research cut Leggett & Platt, from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Piper Jaffray Companies restated a “buy” rating and set a $59.00 target price on shares of Leggett & Platt, in a report on Friday, July 14th. Gabelli assumed coverage on Leggett & Platt, in a report on Wednesday, June 21st. They set a “hold” rating and a $53.00 target price on the stock. Finally, Hilliard Lyons upgraded Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 target price on the stock in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.88.
Leggett & Platt, (NYSE:LEG) opened at 46.97 on Friday. The company has a market cap of $6.21 billion, a PE ratio of 18.64 and a beta of 0.98. The stock’s 50 day moving average price is $51.18 and its 200 day moving average price is $50.86. Leggett & Platt, has a 12-month low of $44.02 and a 12-month high of $54.97.
Leggett & Platt, (NYSE:LEG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.01. The company had revenue of $989.30 million during the quarter, compared to analyst estimates of $1 billion. Leggett & Platt, had a net margin of 9.17% and a return on equity of 31.02%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Equities research analysts anticipate that Leggett & Platt, will post $2.60 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.07%. Leggett & Platt,’s payout ratio is 57.14%.
In other news, insider Matthew C. Flanigan sold 19,589 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $49.58, for a total value of $971,222.62. Following the completion of 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 SEC, which is available at this link. Corporate insiders own 1.78% 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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