Q2 EPS Estimates for Leggett & Platt Cut by Zacks Research

Leggett & Platt, Incorporated (NYSE:LEG) – Zacks Research lowered their Q2 2026 EPS estimates for shares of Leggett & Platt in a research note issued on Wednesday, May 20th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.32. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $0.93 per share. Zacks Research also issued estimates for Leggett & Platt’s Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $0.96 EPS, Q1 2027 earnings at $0.24 EPS, Q2 2027 earnings at $0.29 EPS, Q3 2027 earnings at $0.30 EPS, Q4 2027 earnings at $0.24 EPS, Q1 2028 earnings at $0.27 EPS and FY2028 earnings at $1.19 EPS.

A number of other equities research analysts have also weighed in on LEG. Truist Financial decreased their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Wall Street Zen lowered shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings upgraded shares of Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $11.33.

Leggett & Platt Price Performance

Shares of LEG opened at $9.76 on Thursday. The firm has a market cap of $1.33 billion, a PE ratio of 6.06 and a beta of 0.75. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 1.44. The firm has a fifty day simple moving average of $10.33 and a two-hundred day simple moving average of $10.84. Leggett & Platt has a 1-year low of $7.86 and a 1-year high of $13.00.

Leggett & Platt (NYSE:LEG) last announced its earnings results on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The company had revenue of $918.20 million for the quarter, compared to analysts’ expectations of $946.79 million. Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. Leggett & Platt’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share.

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, March 13th. This represents a $0.20 annualized dividend and a yield of 2.1%. Leggett & Platt’s payout ratio is 12.42%.

Hedge Funds Weigh In On Leggett & Platt

Institutional investors and hedge funds have recently bought and sold shares of the stock. Motiv8 Investments LLC purchased a new position in Leggett & Platt during the fourth quarter valued at $34,000. Palisade Asset Management LLC purchased a new position in Leggett & Platt during the third quarter valued at $29,000. Hantz Financial Services Inc. lifted its position in Leggett & Platt by 32.0% during the fourth quarter. Hantz Financial Services Inc. now owns 3,231 shares of the company’s stock valued at $36,000 after purchasing an additional 783 shares in the last quarter. Advisory Services Network LLC purchased a new position in Leggett & Platt during the third quarter valued at $51,000. Finally, Kingdom Financial Group LLC. purchased a new stake in Leggett & Platt in the 4th quarter worth $66,000. 64.23% of the stock is currently owned by hedge funds and other institutional investors.

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.