Leggett & Platt (NYSE:LEG) Issues FY 2025 Earnings Guidance

Leggett & Platt (NYSE:LEG) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.000-1.200 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of $4.0 billion-$4.3 billion, compared to the consensus revenue estimate of $4.3 billion.

Leggett & Platt Stock Up 4.0 %

Shares of Leggett & Platt stock opened at $10.41 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of -1.73 and a beta of 1.12. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.84 and a current ratio of 1.48. Leggett & Platt has a one year low of $9.18 and a one year high of $21.03. The firm has a fifty day moving average of $10.32 and a two-hundred day moving average of $11.78.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. On average, analysts forecast that Leggett & Platt will post 1.05 earnings per share for the current year.

Analysts Set New Price Targets

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