Leggett & Platt (NYSE:LEG) Issues Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Leggett & Platt (NYSE:LEG) announced its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.11), FiscalAI reports. Leggett & Platt had a return on equity of 15.00% and a net margin of 5.80%.The firm had revenue of $918.20 million for the quarter, compared to the consensus estimate of $946.79 million. During the same quarter last year, the business earned $0.24 earnings per share. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year.

Leggett & Platt Stock Performance

Shares of LEG traded down $1.07 during trading hours on Thursday, reaching $10.31. 5,712,476 shares of the company’s stock traded hands, compared to its average volume of 4,390,905. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 6.10 and a beta of 0.75. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.25 and a quick ratio of 1.45. Leggett & Platt has a twelve month low of $7.86 and a twelve month high of $13.00. The business’s fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $10.84.

Leggett & Platt Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, March 13th. Leggett & Platt’s dividend payout ratio (DPR) is 11.83%.

More Leggett & Platt News

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

• Positive Sentiment: Management said restructuring actions continued to improve the company’s earnings profile and delivered EBIT benefits, signaling some operational progress despite the top-line weakness. Leggett & Platt Reports 1Q 2026 Results
• Neutral Sentiment: Company released detailed Q1 results: sales of $918M (down ~10% YoY, including divestiture impact) and adjusted 1Q EPS of $0.15; these are the baseline facts investors will model into forecasts. Leggett & Platt Incorporated: Leggett & Platt Reports 1Q 2026 Results
• Neutral Sentiment: Analysts and sites (Zacks) are parsing key metrics — the EPS/revenue misses and year-over-year declines will be the focus for near-term estimates and valuation adjustments. Legget & Platt (LEG) Reports Q1 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Leggett & Platt missed consensus Q1 estimates — reported $0.15 EPS vs. $0.26 expected and revenue of $918.2M vs. ~$946.8M expected — a clear catalyst for downward pressure. Leggett & Platt (NYSE:LEG) Misses Q1 CY2026 Revenue Estimates
• Negative Sentiment: Company withdrew its 2026 outlook because of the pending Somnigroup acquisition; removal of guidance increases uncertainty and likely prompted short-term selling. Leggett & Platt Withdraws 2026 Outlook Amid Somnigroup Deal
• Negative Sentiment: Market coverage captured the reaction: articles note shares slid after the earnings/revenue miss and the guidance withdrawal, with trading volume above average as investors reprice the stock. Leggett & Platt (LEG) shares slide after earnings miss and guidance withdrawal

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LEG. Weiss Ratings upgraded Leggett & Platt from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Wall Street Zen cut Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEG. Royal Bank of Canada increased its holdings in shares of Leggett & Platt by 59.5% during the first quarter. Royal Bank of Canada now owns 47,054 shares of the company’s stock valued at $372,000 after purchasing an additional 17,561 shares during the period. Jones Financial Companies Lllp grew its holdings in Leggett & Platt by 8.4% during the first quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company’s stock worth $116,000 after acquiring an additional 1,132 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Leggett & Platt by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 454,096 shares of the company’s stock worth $3,592,000 after acquiring an additional 13,187 shares during the period. Jane Street Group LLC grew its holdings in Leggett & Platt by 36.3% during the first quarter. Jane Street Group LLC now owns 1,175,452 shares of the company’s stock worth $9,298,000 after acquiring an additional 312,840 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Leggett & Platt by 113.5% during the first quarter. Acadian Asset Management LLC now owns 109,638 shares of the company’s stock worth $866,000 after acquiring an additional 58,292 shares during the period. 64.23% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt Company Profile

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.