Leggett & Platt, Incorporated (LEG) Updates FY17 Earnings Guidance

Leggett & Platt, Incorporated (NYSE:LEG) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $2.45-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.43. The company issued revenue guidance of $3.95-4.0 billion, compared to the consensus revenue estimate of $3.93 billion.

Leggett & Platt, Incorporated (NYSE LEG) traded up $0.06 on Friday, hitting $45.94. The company had a trading volume of 688,100 shares, compared to its average volume of 970,717. The firm has a market cap of $6,060.00, a PE ratio of 19.12, a P/E/G ratio of 1.91 and a beta of 1.03. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. Leggett & Platt, Incorporated has a 1-year low of $43.17 and a 1-year high of $54.97.

Leggett & Platt, (NYSE:LEG) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Leggett & Platt, had a return on equity of 29.60% and a net margin of 8.75%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. equities analysts expect that Leggett & Platt, Incorporated will post 2.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 14th. Leggett & Platt,’s dividend payout ratio (DPR) is currently 58.30%.

Several brokerages have recently weighed in on LEG. Piper Jaffray Companies restated a buy rating and set a $59.00 target price on shares of Leggett & Platt, in a research note on Friday, July 14th. Hilliard Lyons upgraded Leggett & Platt, from a neutral rating to a long-term buy rating and set a $66.00 price target for the company in a research note on Monday, July 24th. BidaskClub cut shares of Leggett & Platt, from a hold rating to a sell rating in a report on Sunday, August 6th. Zacks Investment Research cut shares of Leggett & Platt, from a hold rating to a sell rating in a report on Tuesday, October 10th. Finally, SunTrust Banks, Inc. reissued a buy rating and issued a $53.00 target price on shares of Leggett & Platt, in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $54.29.

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About Leggett & Platt,

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.

Earnings History and Estimates for Leggett & Platt, (NYSE:LEG)

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