Analysts predict that Leggett & Platt, Incorporated (NYSE:LEG) will announce earnings per share (EPS) of $0.58 for the current quarter, Zacks reports. Three analysts have made estimates for Leggett & Platt,’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.62. Leggett & Platt, reported earnings of $0.53 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 29th.

According to Zacks, analysts expect that Leggett & Platt, will report full-year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.50. For the next year, analysts forecast that the company will post earnings of $2.74 per share, with EPS estimates ranging from $2.64 to $2.81. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Leggett & Platt,.

Leggett & Platt, (NYSE:LEG) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Leggett & Platt, had a net margin of 8.75% and a return on equity of 29.60%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.67 EPS.

A number of research analysts recently issued reports on LEG shares. Piper Jaffray Companies set a $59.00 price objective on shares of Leggett & Platt, and gave the company a “buy” rating in a report on Monday, August 14th. SunTrust Banks, Inc. restated a “buy” rating and set a $53.00 price target on shares of Leggett & Platt, in a report on Friday, October 27th. BidaskClub lowered shares of Leggett & Platt, from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Hilliard Lyons upgraded shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price target for the company in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.29.

COPYRIGHT VIOLATION WARNING: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/11/13/leggett-platt-incorporated-leg-expected-to-post-earnings-of-0-58-per-share.html.

Shares of Leggett & Platt, (LEG) traded up $0.06 during midday trading on Monday, reaching $45.94. 688,100 shares of the company were exchanged, compared to its average volume of 970,717. The company has a market cap of $6,055.69, a price-to-earnings ratio of 19.14, a PEG ratio of 1.91 and a beta of 1.03. Leggett & Platt, has a 1-year low of $43.17 and a 1-year high of $54.97. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.44 annualized dividend and a yield of 3.13%. Leggett & Platt,’s payout ratio is 58.78%.

Institutional investors have recently added to or reduced their stakes in the business. TimesSquare Capital Management LLC acquired a new stake in shares of Leggett & Platt, during the 3rd quarter worth approximately $81,509,000. Bank of New York Mellon Corp grew its position in shares of Leggett & Platt, by 78.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,549,592 shares of the company’s stock worth $121,693,000 after buying an additional 1,120,320 shares during the period. Sarasin & Partners LLP grew its position in shares of Leggett & Platt, by 106.0% during the 3rd quarter. Sarasin & Partners LLP now owns 1,212,946 shares of the company’s stock worth $57,894,000 after buying an additional 624,208 shares during the period. Becker Capital Management Inc. acquired a new stake in shares of Leggett & Platt, during the 3rd quarter worth approximately $21,057,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Leggett & Platt, during the 2nd quarter worth approximately $22,404,000. Hedge funds and other institutional investors own 70.22% of the company’s stock.

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.

Get a free copy of the Zacks research report on Leggett & Platt, (LEG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Leggett & Platt, (NYSE:LEG)

Receive News & Ratings for Leggett & Platt Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.