Equities analysts expect Leggett & Platt, Incorporated (NYSE:LEG) to report sales of $1.01 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Leggett & Platt,’s earnings. Leggett & Platt, posted sales of $948.90 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Leggett & Platt, will report full year sales of $1.01 billion for the current year, with estimates ranging from $3.92 billion to $3.94 billion. For the next financial year, analysts forecast that the company will post sales of $4.13 billion per share, with estimates ranging from $4.09 billion to $4.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Leggett & Platt,.

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

A number of research analysts have recently weighed in on LEG shares. Piper Jaffray Companies started coverage on shares of Leggett & Platt, in a research note on Monday, June 5th. They set an “overweight” rating and a $59.00 price objective for the company. Credit Suisse Group started coverage on shares of Leggett & Platt, in a research note on Thursday, June 22nd. They set a “neutral” rating and a $56.00 price objective for the company. Stifel Nicolaus reissued a “hold” rating on shares of Leggett & Platt, in a research note on Thursday, September 7th. Zacks Investment Research cut shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, BidaskClub raised shares of Leggett & Platt, from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Leggett & Platt, has an average rating of “Hold” and a consensus target price of $55.63.

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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders 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 annualized dividend and a yield of 3.15%. Leggett & Platt,’s payout ratio is currently 57.14%.

In other Leggett & Platt, news, insider Matthew C. Flanigan sold 19,589 shares of Leggett & Platt, stock in a transaction that occurred on Monday, July 31st. The shares were 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 of the company’s stock, valued at approximately $7,909,100.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.78% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in shares of Leggett & Platt, by 7.4% in the 1st quarter. Van ECK Associates Corp now owns 2,122 shares of the company’s stock valued at $107,000 after purchasing an additional 147 shares during the last quarter. TrimTabs Asset Management LLC boosted its holdings in shares of Leggett & Platt, by 89.0% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,328 shares of the company’s stock valued at $117,000 after purchasing an additional 1,096 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Leggett & Platt, by 6.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,407 shares of the company’s stock valued at $127,000 after purchasing an additional 153 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Leggett & Platt, in the 1st quarter valued at $126,000. Finally, Exane Derivatives boosted its holdings in shares of Leggett & Platt, by 132,500.0% in the 2nd quarter. Exane Derivatives now owns 2,652 shares of the company’s stock valued at $139,000 after purchasing an additional 2,650 shares during the last quarter. Institutional investors own 68.86% of the company’s stock.

Leggett & Platt, Company Profile

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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