Leggett & Platt (LEG) to Release Quarterly Earnings on Thursday

Leggett & Platt (NYSE:LEG) is expected to be releasing its earnings data after the market closes on Thursday, February 13th. Analysts expect Leggett & Platt to post earnings of $0.21 per share and revenue of $1.03 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Leggett & Platt Stock Performance

NYSE:LEG opened at $10.06 on Wednesday. The stock has a market capitalization of $1.35 billion, a P/E ratio of -1.67 and a beta of 1.12. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13. Leggett & Platt has a 1 year low of $9.18 and a 1 year high of $21.05. The firm has a 50 day moving average of $10.43 and a 200-day moving average of $11.83.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LEG shares. Truist Financial cut their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their price target on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Piper Sandler raised shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $11.00 to $13.00 in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Leggett & Platt Company Profile

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.