Leggett & Platt (NYSE:LEG – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.10-1.25 for the period, compared to the consensus earnings per share estimate of $1.11. The company issued revenue guidance of $4.30-4.50 billion, compared to the consensus revenue estimate of $4.43 billion. Leggett & Platt also updated its FY 2024 guidance to 1.100-1.250 EPS.
Leggett & Platt Price Performance
Shares of Leggett & Platt stock traded up $0.13 during mid-day trading on Friday, reaching $13.00. 3,147,216 shares of the stock were exchanged, compared to its average volume of 1,916,592. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -11.21 and a beta of 1.08. The company has a current ratio of 1.57, a quick ratio of 0.89 and a debt-to-equity ratio of 1.37. The firm has a 50-day simple moving average of $11.86 and a 200 day simple moving average of $16.33. Leggett & Platt has a fifty-two week low of $10.11 and a fifty-two week high of $30.47.
Leggett & Platt (NYSE:LEG – Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Leggett & Platt had a negative net margin of 18.05% and a positive return on equity of 10.98%. On average, sell-side analysts predict that Leggett & Platt will post 1.11 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Research Report on Leggett & Platt
Insiders Place Their Bets
In related news, EVP Ryan Michael Kleiboeker acquired 10,000 shares of Leggett & Platt stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $10.95 per share, with a total value of $109,500.00. Following the completion of the transaction, the executive vice president now directly owns 52,110 shares in the company, valued at approximately $570,604.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Leggett & Platt news, CFO Benjamin Michael Burns bought 3,850 shares of Leggett & Platt stock in a transaction dated Thursday, June 6th. The stock was bought at an average price of $12.20 per share, with a total value of $46,970.00. Following the completion of the transaction, the chief financial officer now owns 81,362 shares in the company, valued at approximately $992,616.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ryan Michael Kleiboeker bought 10,000 shares of Leggett & Platt stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $10.95 per share, with a total value of $109,500.00. Following the transaction, the executive vice president now owns 52,110 shares of the company’s stock, valued at approximately $570,604.50. The disclosure for this purchase can be found here. Insiders purchased a total of 55,635 shares of company stock valued at $639,547 over the last ninety days. 1.57% of the stock is currently owned by company insiders.
About Leggett & Platt
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 beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.
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