Leggett & Platt, Incorporated (LEG)
| Market Cap | 1.30B |
| Revenue (ttm) | 4.44B |
| Net Income (ttm) | -823.00M |
| Shares Out | 134.29M |
| EPS (ttm) | -6.01 |
| PE Ratio | n/a |
| Forward PE | 8.73 |
| Dividend | $0.20 (2.06%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 2,496,626 |
| Open | 9.83 |
| Previous Close | 9.82 |
| Day's Range | 9.67 - 10.01 |
| 52-Week Range | 9.64 - 26.91 |
| Beta | 1.10 |
| Analysts | Hold |
| Price Target | 12.67 (+30.75%) |
| Earnings Date | Feb 6, 2025 |
About LEG
Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable b... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for LEG stock is "Hold." The 12-month stock price forecast is $12.67, which is an increase of 30.75% from the latest price.
News
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.05
CARTHAGE, Mo. , Nov. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the fourth quarter 2024.
Leggett & Platt: A Fair Company At A Wonderful Price
Leggett & Platt, a former Dividend King, was forced to cut their dividend by 89% earlier this year due to headwinds. The company now expects to use freed-up capital to pay down debt and deleverage tow...
Leggett & Platt, Incorporated (LEG) Q3 2024 Earnings Call Transcript
Leggett & Platt, Incorporated (NYSE:LEG) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Cassie Branscum - Vice President, Investor Relations Karl Glassman - Chief E...
LEGGETT & PLATT REPORTS 3Q RESULTS
CARTHAGE, Mo. , Oct. 28, 2024 /PRNewswire/ -- 3Q sales of $1.1 billion, a 6% decrease vs 3Q23 3Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS 2024 EPS guidance is ($3.5...
Buy 7 September Dividend Kings, Watch 9 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sect...
2 Fallen Former Dividend Kings For A Small Cap Recovery Trade
Small caps that were once large are optimal in this environment for a small cap trade in my opinion. Despite challenges, some companies like Leggett & Platt and VF Corporation are working on turnaroun...
20 stocks the bears can't easily short — and that's why you shouldn't buy them
Difficult-to-short stocks are likely to lag the market. Few investors are aware of this tendency, much less act on it, because they instead focus on finding stocks that can outperform the market.
53 August Dividend Kings: Buy 7, Watch 9 More
“What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 53 Dividend Kings, screened as of August 6, represented 8 of 11 Morningstar Sectors. B...
Dividend Income: Lanny's July 2024 Summary
In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high l...
Leggett & Platt: True Earning Power Could Have Been Overestimated
Leggett & Platt's gross profit margin has been shrinking for the past eight years, which has offset any growth in sales during that time frame. The true earning power of LEG may have been overestimate...
Leggett & Platt, Incorporated (LEG) Q2 2024 Earnings Call Transcript
Leggett & Platt, Incorporated (NYSE:LEG) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Cassie Branscum - Vice President, Investor Relations Karl Glassman - President...
LEGGETT & PLATT REPORTS 2Q RESULTS
CARTHAGE, Mo. , Aug. 1, 2024 /PRNewswire/ -- 2Q sales of $1.1 billion, an 8% decrease vs 2Q23 2Q EPS of ($4.39), primarily due to a non-cash goodwill impairment charge 2Q adjusted1 EPS of $.29, a $.09...
Leggett & Platt: A Cash Generation Machine Priced At A Discount
Leggett & Platt's share price has declined by more than 80% over the past 3 years, culminating in a drop of over 25% after the recent dividend cut. Recent weakness in the industry and low-cost competi...
KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of tr...
Leggett & Platt: Dividend Lessons Learned From A Former King
Leggett & Platt, Incorporated has cut its dividends after 51 consecutive years of dividend hikes. A key lesson I learned for analyzing dividend stocks is to not just look at the yields and simple payo...
Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008
Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisi...
LEGGETT & PLATT APPOINTS KARL GLASSMAN AS PRESIDENT AND CEO
CARTHAGE, Mo. , May 21, 2024 /PRNewswire/ -- Karl Glassman appointed President and CEO and will continue to serve as Board Chairman Mitch Dolloff resigned as President and CEO and a member of the Boar...
LEGGETT & PLATT ANNOUNCES ANNUAL MEETING RESULTS
CARTHAGE, Mo. , May 8, 2024 /PRNewswire/ -- Leggett & Platt's annual meeting of shareholders was held this morning in Carthage, Missouri.
Leggett & Platt, Incorporated (LEG) Q1 2024 Earnings Call Transcript
Leggett & Platt, Incorporated (NYSE:LEG) Q1 2024 Earnings Call Transcript May 1, 2024 8:30 AM ET Company Participants Cassie Branscum - VP, IR Mitchell Dolloff - President & CEO Benjamin Burns - EVP ...
Leggett & Platt (LEG) stock slips as it loses its dividend king status
Leggett & Platt (NYSE: LEG) stock price plunged by more than 37% on Wednesday as the company lost its dividend king status. It crashed to a low of $11.5, its lowest level since October 11th.
LEGGETT & PLATT REPORTS 1Q RESULTS, ANNOUNCES 2Q DIVIDEND OF $.05 AND UPDATES CAPITAL ALLOCATION PRIORITIES
CARTHAGE, Mo. , April 30, 2024 /PRNewswire/ -- 1Q sales of $1.1 billion, a 10% decrease vs 1Q23 1Q EPS and adjusted1 EPS of $.23, a decrease of $.16 vs 1Q23 Board declared second quarter dividend of ...
Apple, Cardinal Health Among 12 Companies To Announce Dividend Increases In First Half Of May
Eleven long-term dividend growth companies announced their annual dividend increases in the second half of April. Investors were rewarded with 10%+ increases from Grainger and Parker-Hannifin.
Leggett & Platt: Dividend King Status At Stake As Tough Environment Set To Persist
Leggett & Platt has a strong dividend track record, but its current payout ratio of 175% is unsustainable and may lead to a dividend cut.
LEGGETT & PLATT ANNOUNCES 1Q 2024 EARNINGS CALL
Carthage, MO, April 16, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings result...