Equities research analysts expect that Leggett & Platt, Incorporated (NYSE:LEG) will announce $1.02 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Leggett & Platt,’s earnings, with estimates ranging from $1.02 billion to $1.03 billion. Leggett & Platt, posted sales of $948.90 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Leggett & Platt, will report full-year sales of $1.02 billion for the current financial year, with estimates ranging from $3.92 billion to $3.98 billion. For the next fiscal year, analysts expect that the business will report sales of $4.15 billion per share, with estimates ranging from $4.09 billion to $4.19 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Leggett & Platt,.

Leggett & Platt, (NYSE:LEG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by $0.01. The firm had revenue of $989.30 million for the quarter, compared to the consensus estimate of $1 billion. Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS.

A number of analysts have recently weighed in on LEG shares. BidaskClub upgraded Leggett & Platt, from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered Leggett & Platt, from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Credit Suisse Group started coverage on Leggett & Platt, in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $56.00 target price for the company. Finally, Piper Jaffray Companies started coverage on Leggett & Platt, in a research note on Monday, June 5th. They issued an “overweight” rating and a $59.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Leggett & Platt, presently has an average rating of “Hold” and an average price target of $56.88.

In other news, insider Matthew C. Flanigan sold 19,589 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $49.58, for a total value of $971,222.62. Following the completion of the sale, the insider now directly owns 159,522 shares in the company, valued at $7,909,100.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.78% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of Leggett & Platt, by 7.4% in the first quarter. Van ECK Associates Corp now owns 2,122 shares of the company’s stock worth $107,000 after buying an additional 147 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Leggett & Platt, by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,328 shares of the company’s stock worth $117,000 after buying an additional 1,096 shares during the last quarter. Pinnacle Bank purchased a new stake in shares of Leggett & Platt, during the first quarter worth approximately $122,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Leggett & Platt, during the first quarter worth approximately $126,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Leggett & Platt, by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,407 shares of the company’s stock worth $127,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 72.10% of the company’s stock.

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Leggett & Platt, (NYSE:LEG) opened at 46.97 on Friday. Leggett & Platt, has a 52-week low of $44.02 and a 52-week high of $54.97. The stock’s 50 day moving average is $51.18 and its 200 day moving average is $50.86. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 18.64 and a beta of 0.98.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.07%. Leggett & Platt,’s dividend payout ratio (DPR) is presently 57.14%.

About Leggett & Platt,

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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Earnings History and Estimates for Leggett & Platt, (NYSE:LEG)

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