Leggett & Platt (LEG) Expected to Announce Quarterly Earnings on Thursday

Leggett & Platt (NYSE:LEG) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $1.03 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Leggett & Platt Stock Up 1.5 %

Shares of Leggett & Platt stock opened at $10.13 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.48 and a debt-to-equity ratio of 2.13. Leggett & Platt has a 52-week low of $9.18 and a 52-week high of $21.05. The company has a market capitalization of $1.36 billion, a P/E ratio of -1.68 and a beta of 1.12. The company has a 50 day moving average of $10.48 and a 200 day moving average of $11.85.

Analysts Set New Price Targets

A number of brokerages have issued reports on LEG. Truist Financial decreased their price target on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group decreased their target price on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Piper Sandler upgraded shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and increased their price target for the company from $11.00 to $13.00 in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.00.

Leggett & Platt Company Profile

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.