Somewhat Positive News Coverage Somewhat Unlikely to Affect Leggett & Platt, (LEG) Stock Price
News headlines about Leggett & Platt, (NYSE:LEG) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Leggett & Platt, earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9096827022014 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern’s analysis:
- Leggett & Platt, Incorporated (LEG) Expected to Post Earnings of $0.58 Per Share (americanbankingnews.com)
- GSG’s Tony Garrett retires, Mike Miller named successor (bedtimesmagazine.com)
- Gainers and Laggards: SemGroup Corporation, (NYSE: SEMG), Leggett & Platt, Incorporated, (NYSE: LEG), Douglas … – Stocks In The News (press release) (tradingnewsnow.com)
- Leggett & Platt, Inc. :LEG-US: Earnings Analysis: Q3, 2017 By the Numbers : November 13, 2017 (finance.yahoo.com)
- Notable Active Movers: Ichor Holdings, Ltd., (NASDAQ: ICHR), Leggett & Platt, Incorporated, (NYSE: LEG), SAP SE … – Stocks In The News (press release) (tradingnewsnow.com)
Leggett & Platt, (NYSE LEG) traded down $0.13 during trading on Tuesday, reaching $45.81. The company’s stock had a trading volume of 741,100 shares, compared to its average volume of 969,669. Leggett & Platt, has a 52 week low of $43.17 and a 52 week high of $54.97. The company has a quick ratio of 1.11, a current ratio of 1.74 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5,980.00, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03.
Leggett & Platt, (NYSE:LEG) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Leggett & Platt, had a return on equity of 29.60% and a net margin of 8.75%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. equities analysts predict that Leggett & Platt, will post 2.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a yield of 3.14%. Leggett & Platt,’s payout ratio is 58.30%.
LEG has been the subject of a number of research analyst reports. Hilliard Lyons raised Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 target price for the company in a research report on Monday, July 24th. BidaskClub cut Leggett & Platt, from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies set a $59.00 target price on Leggett & Platt, and gave the company a “buy” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Leggett & Platt, in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $54.29.
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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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