Brokers Set Expectations for Leggett & Platt Q3 Earnings

Leggett & Platt, Incorporated (NYSE:LEG) – Stock analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for shares of Leggett & Platt in a research note issued to investors on Thursday, August 20th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.28 for the quarter, down from their previous estimate of $0.29. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $1.04 per share. Zacks Research also issued estimates for Leggett & Platt’s Q4 2026 earnings at $0.18 EPS, FY2026 earnings at $1.00 EPS, Q1 2027 earnings at $0.22 EPS, Q2 2027 earnings at $0.32 EPS, Q3 2027 earnings at $0.32 EPS, Q4 2027 earnings at $0.26 EPS, FY2027 earnings at $1.12 EPS, Q1 2028 earnings at $0.28 EPS and Q2 2028 earnings at $0.32 EPS.

Other analysts have also issued reports about the stock. Truist Financial cut their target price 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. Piper Sandler dropped their price target on Leggett & Platt from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Finally, Weiss Ratings downgraded Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.67.

Leggett & Platt Price Performance

Shares of NYSE LEG opened at $9.35 on Friday. Leggett & Platt has a twelve month low of $8.34 and a twelve month high of $13.00. The company has a current ratio of 2.35, a quick ratio of 1.53 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average of $10.65 and a two-hundred day moving average of $10.70. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 5.99 and a beta of 0.73.

Leggett & Platt (NYSE:LEG) last announced its earnings results on Thursday, August 6th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.13. The business had revenue of $999.70 million during the quarter, compared to analysts’ expectations of $982.86 million. Leggett & Platt had a return on equity of 13.31% and a net margin of 5.64%.The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in Leggett & Platt during the second quarter valued at $212,000. Two Sigma Securities LLC acquired a new stake in Leggett & Platt during the 2nd quarter worth about $128,000. IMC Chicago LLC purchased a new position in Leggett & Platt during the 2nd quarter valued at about $419,000. Wellington Management Group LLP grew its stake in Leggett & Platt by 14.0% during the 2nd quarter. Wellington Management Group LLP now owns 2,305,636 shares of the company’s stock valued at $26,999,000 after acquiring an additional 283,548 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Leggett & Platt in the 2nd quarter valued at about $3,168,000. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Leggett & Platt Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be issued a $0.05 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. Leggett & Platt’s dividend payout ratio is presently 12.82%.

Key Stories Impacting Leggett & Platt

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

• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $1.00 from $0.96 and its FY2027 forecast to $1.12 from $1.08. The improved annual outlook suggests analysts see somewhat stronger earnings momentum beyond the near term.
• Positive Sentiment: Zacks also increased estimates for Q2 2027, Q3 2027, Q4 2027, Q1 2028 and Q2 2028, generally by $0.01 to $0.02 per share. These revisions add to the favorable longer-term earnings narrative.
• Positive Sentiment: LEG was added to several Zacks “Strong Buy” lists covering value, income and overall stock selections. The listings may attract attention from investors seeking a low-priced, dividend-oriented or value opportunity. New Strong Buy Stocks for August 20th
• Neutral Sentiment: Despite the estimate increases, Zacks Research maintains a “Hold” rating. The stock opened at $9.35, below its 50-day and 200-day moving averages of approximately $10.65 and $10.70, respectively, indicating that technical sentiment remains weak.
• Negative Sentiment: Zacks reduced its Q3 2026 EPS estimate to $0.28 from $0.29, Q4 2026 to $0.18 from $0.21, and Q1 2027 to $0.22 from $0.24. The near-term cuts point to continued earnings pressure before the projected improvement in later periods.

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.