Leggett & Platt, (LEG) Receives News Sentiment Score of 0.15
Media headlines about Leggett & Platt, (NYSE:LEG) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Leggett & Platt, earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.3728914539485 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Leggett & Platt, Incorporated (LEG) Shares Bought by Schwab Charles Investment Management Inc (techkenyot.com)
- Leggett & Platt, Incorporated (LEG) Stock Rating Lowered by BidaskClub (iphonefresh.com)
- Piper Jaffray Companies Reaffirms Buy Rating for Leggett & Platt, Incorporated (LEG) (americanbankingnews.com)
- Top firms in wireless power transmission market scrutinized in new research (whatech.com)
- Leggett Slips on Yet Another View Cut, More Downside Ahead? (finance.yahoo.com)
A number of research firms have issued reports on LEG. Piper Jaffray Companies began coverage on Leggett & Platt, in a research report on Monday, June 5th. They set an “overweight” rating and a $59.00 price target for the company. Credit Suisse Group began coverage on Leggett & Platt, in a research report on Thursday, June 22nd. They set a “neutral” rating and a $56.00 price target for the company. Stifel Nicolaus reissued a “hold” rating on shares of Leggett & Platt, in a research report on Thursday, September 7th. Zacks Investment Research downgraded Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, BidaskClub raised Leggett & Platt, from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Leggett & Platt, has a consensus rating of “Hold” and an average price target of $55.63.
Shares of Leggett & Platt, (LEG) opened at 45.63 on Thursday. The stock has a market cap of $6.04 billion, a P/E ratio of 18.11 and a beta of 1.00. Leggett & Platt, has a 52-week low of $43.17 and a 52-week high of $54.97. The firm’s 50-day moving average price is $47.13 and its 200-day moving average price is $50.51.
Leggett & Platt, (NYSE:LEG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. The firm had revenue of $989.30 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. Leggett & Platt,’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Leggett & Platt, will post $2.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.16%. Leggett & Platt,’s dividend payout ratio is 57.14%.
In related news, insider Matthew C. Flanigan sold 19,589 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $49.58, for a total transaction of $971,222.62. Following the completion of the sale, the insider now directly owns 159,522 shares in the company, valued at $7,909,100.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.78% of the stock is currently owned by company insiders.
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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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