Leggett & Platt, Inc. (NYSE:LEG) – Stock analysts at SunTrust Banks decreased their Q1 2018 earnings estimates for Leggett & Platt in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst K. Hughes now forecasts that the company will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.67. SunTrust Banks has a “Buy” rating and a $53.00 price objective on the stock. SunTrust Banks also issued estimates for Leggett & Platt’s FY2018 earnings at $2.76 EPS.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Monday, February 5th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.02). Leggett & Platt had a net margin of 7.42% and a return on equity of 29.44%. The company had revenue of $984.00 million for the quarter, compared to analysts’ expectations of $998.32 million. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Leggett & Platt from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Piper Jaffray Companies cut shares of Leggett & Platt from an “overweight” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Monday, October 30th. Finally, Gabelli raised shares of Leggett & Platt from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.57.

Leggett & Platt (NYSE:LEG) opened at $44.28 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. Leggett & Platt has a twelve month low of $42.00 and a twelve month high of $54.97. The firm has a market cap of $5,840.00, a P/E ratio of 20.69, a PEG ratio of 1.71 and a beta of 0.92.

In related news, SVP Scott S. Douglas sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $46.45, for a total transaction of $139,350.00. Following the completion of the sale, the senior vice president now directly owns 35,289 shares in the company, valued at $1,639,174.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Scott S. Douglas sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $47.01, for a total transaction of $470,100.00. Following the sale, the senior vice president now owns 29,584 shares of the company’s stock, valued at $1,390,743.84. The disclosure for this sale can be found here. Insiders have sold 13,250 shares of company stock valued at $621,070 over the last three months. 1.78% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in LEG. Dupont Capital Management Corp bought a new stake in Leggett & Platt during the fourth quarter valued at approximately $122,000. SeaCrest Wealth Management LLC bought a new stake in Leggett & Platt during the fourth quarter valued at approximately $193,000. Profund Advisors LLC bought a new stake in Leggett & Platt during the second quarter valued at approximately $217,000. Engineers Gate Manager LP bought a new stake in Leggett & Platt during the third quarter valued at approximately $217,000. Finally, TRUE Private Wealth Advisors bought a new stake in Leggett & Platt during the fourth quarter valued at approximately $217,000. Institutional investors own 68.22% 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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