Analysts Issue Forecasts for Leggett & Platt FY2027 Earnings

Leggett & Platt, Incorporated (NYSE:LEG) – Investment analysts at Zacks Research lowered their FY2027 earnings estimates for Leggett & Platt in a research note issued on Wednesday, May 20th. Zacks Research analyst Team now anticipates that the company will post earnings of $1.07 per share for the year, down from their previous estimate of $1.18. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $0.90 per share.

LEG has been the subject of several other research reports. Truist Financial reduced their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Wall Street Zen cut shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings raised shares of Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $11.33.

Leggett & Platt Price Performance

Shares of NYSE:LEG opened at $10.03 on Friday. The company has a 50 day moving average of $10.32 and a 200 day moving average of $10.85. The stock has a market cap of $1.37 billion, a P/E ratio of 6.23 and a beta of 0.75. Leggett & Platt has a 12 month low of $7.86 and a 12 month high of $13.00. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 1.44.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). The firm had revenue of $918.20 million for the quarter, compared to analysts’ expectations of $946.79 million. Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. Leggett & Platt’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS.

Hedge Funds Weigh In On Leggett & Platt

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Motiv8 Investments LLC purchased a new position in Leggett & Platt in the 4th quarter worth approximately $34,000. Palisade Asset Management LLC purchased a new position in Leggett & Platt in the 3rd quarter worth approximately $29,000. Hantz Financial Services Inc. grew its stake in Leggett & Platt by 32.0% in the 4th quarter. Hantz Financial Services Inc. now owns 3,231 shares of the company’s stock worth $36,000 after buying an additional 783 shares in the last quarter. Advisory Services Network LLC purchased a new position in Leggett & Platt in the 3rd quarter worth approximately $51,000. Finally, Kingdom Financial Group LLC. purchased a new position in Leggett & Platt in the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Leggett & Platt Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, March 13th. Leggett & Platt’s payout ratio is currently 12.42%.

Leggett & Platt News Summary

Here are the key news stories impacting Leggett & Platt this week:

• Positive Sentiment: The Board declared a second-quarter cash dividend of $0.05 per share, which reinforces Leggett & Platt’s ongoing shareholder return policy and may appeal to income-focused investors. Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results
• Neutral Sentiment: Annual meeting voting reportedly aligned with the Board’s recommendations, suggesting no major governance surprise for shareholders. Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results
• Negative Sentiment: Zacks Research lowered multiple earnings estimates for Leggett & Platt, including FY2026 to $0.96 from $1.07 and FY2028 to $1.19 from $1.29, signaling softer expectations for future profitability.
• Negative Sentiment: The firm kept a “Strong Sell” rating on LEG, which can weigh on sentiment and reinforce concerns about the company’s earnings outlook.

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.