Brokerages expect Leggett & Platt, Inc. (NYSE:LEG) to report earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Leggett & Platt’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.58. Leggett & Platt reported earnings of $0.59 per share during the same quarter last year, which would indicate a negative year over year growth rate of 3.4%. The company is scheduled to report its next earnings results on Monday, February 4th.

On average, analysts expect that Leggett & Platt will report full-year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.43 to $2.45. For the next year, analysts forecast that the company will post earnings of $2.67 per share, with EPS estimates ranging from $2.55 to $2.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Leggett & Platt.

Leggett & Platt (NYSE:LEG) last released its earnings results on Thursday, October 25th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.05). Leggett & Platt had a return on equity of 28.37% and a net margin of 6.87%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Leggett & Platt from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine raised Leggett & Platt from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. SunTrust Banks lowered their price target on Leggett & Platt to $40.00 and set an “outperform” rating on the stock in a report on Tuesday, October 30th. Raymond James downgraded Leggett & Platt from a “strong-buy” rating to an “outperform” rating and set a $44.00 price target on the stock. in a report on Monday, October 29th. Finally, TheStreet downgraded Leggett & Platt from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Leggett & Platt currently has an average rating of “Hold” and an average price target of $46.17.

Leggett & Platt stock opened at $36.16 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.32 and a current ratio of 2.12. Leggett & Platt has a 12 month low of $34.07 and a 12 month high of $49.88. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.54 and a beta of 1.07.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, December 13th. Leggett & Platt’s payout ratio is currently 61.79%.

Several large investors have recently made changes to their positions in the company. Girard Partners LTD. purchased a new stake in Leggett & Platt during the third quarter valued at $100,000. Federated Investors Inc. PA purchased a new stake in Leggett & Platt during the third quarter valued at $113,000. FNY Investment Advisers LLC purchased a new stake in Leggett & Platt during the third quarter valued at $132,000. Moneta Group Investment Advisors LLC increased its position in Leggett & Platt by 159.2% during the second quarter. Moneta Group Investment Advisors LLC now owns 3,175 shares of the company’s stock valued at $142,000 after acquiring an additional 1,950 shares during the last quarter. Finally, TLP Group LLC purchased a new stake in Leggett & Platt during the third quarter valued at $145,000. 76.78% of the stock is currently owned by hedge funds and other institutional investors.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components.

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

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