Leggett & Platt (LEG) Receiving Somewhat Positive Press Coverage, Study Finds

Media headlines about Leggett & Platt (NYSE:LEG) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Leggett & Platt earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.1786723231857 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

LEG has been the topic of several research reports. SunTrust Banks reiterated a “buy” rating and issued a $53.00 price objective on shares of Leggett & Platt in a report on Friday, October 27th. Piper Jaffray Companies downgraded shares of Leggett & Platt from an “overweight” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Gabelli upgraded shares of Leggett & Platt from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $54.57.

Leggett & Platt (LEG) traded up $0.54 during trading hours on Wednesday, hitting $44.93. 1,070,000 shares of the company’s stock traded hands, compared to its average volume of 1,450,000. Leggett & Platt has a 12-month low of $42.00 and a 12-month high of $54.97. The firm has a market capitalization of $5,920.00, a P/E ratio of 17.97, a P/E/G ratio of 1.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.23 and a current ratio of 1.84.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Monday, February 5th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Leggett & Platt had a net margin of 7.42% and a return on equity of 29.44%. The company had revenue of $984.00 million during the quarter, compared to analyst estimates of $998.32 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Leggett & Platt’s revenue for the quarter was up 8.9% on a year-over-year basis. equities research analysts expect that Leggett & Platt will post 2.76 earnings per share for the current year.

In related news, SVP Scott S. Douglas sold 3,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $46.45, for a total value of $139,350.00. Following the transaction, the senior vice president now directly owns 35,289 shares in the company, valued at $1,639,174.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott S. Douglas sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $47.01, for a total transaction of $470,100.00. Following the completion of the transaction, the senior vice president now owns 29,584 shares in the company, valued at $1,390,743.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,311 shares of company stock worth $1,081,663. Corporate insiders own 1.78% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Leggett & Platt (NYSE:LEG)

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