Summary
14.13 0.52(3.82%)09/27/2024
Leggett & Platt, Inc. (LEG)
Leggett & Platt, Inc. (LEG)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 3.90 | 7.21 | 10.05 | 32.24 | -25.46 | -42.65 | -58.62 | 8,678.58 |
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| Trading Data | ||
| Close | 14.13 | |
| Open | 13.80 | |
| High | 14.23 | |
| Low | 13.76 | |
| Volume | 1,208,370 | |
| Change | 0.53 | |
| Change % | 3.90 | |
| Avg Volume (20 Days) | 1,402,930 | |
| Volume/Avg Volume (20 Days) Ratio | 0.86 | |
| 52 Week Range | 10.11 - 27.58 | |
| Price vs 52 Week High | -48.77% | |
| Price vs 52 Week Low | 39.76% | |
| Range | 2.39 | |
| Gap Up/Down | 0.16 | |
Fundamentals | ||
| Market Capitalization (Mln) | 1,826 | |
| EBIDTA | 463,800,000 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | -4.1100 | |
| WallStreet Target Price | 12.67 | |
| Book Value | 9.6150 | |
| Earnings Per Share | -1.1600 | |
| EPS Estimate Current Quarter | 0.2400 | |
| EPS Estimate Next Quarter | 0.3000 | |
| EPS Estimate Current Year | 1.1300 | |
| EPS Estimate Next Year | 1.2900 | |
| Diluted EPS (TTM) | -1.1600 | |
| Revenues | ||
| Profit Marging | -0.0344 | |
| Operating Marging (TTM) | 0.0507 | |
| Return on asset (TTM) | 0.0376 | |
| Return on equity (TTM) | -0.1074 | |
| Revenue TTM | 4,608,600,064 | |
| Revenue per share TTM | 33.7560 | |
| Quarterly Revenue Growth (YOY) | -0.0960 | |
| Quarterly Earnings Growth (YOY) | -0.4100 | |
| Gross Profit (TTM) | 976,800,000 | |
| Dividends | ||
| Dividend Share | 1.8400 | |
| Dividend Yield | 0.0157 | |
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.7723 | |
| Revenue Enterprise Value | 0.8873 | |
| EBITDA Enterprise Value | 44.1830 | |
| Shares | ||
| Shares Outstanding | 134,036,000 | |
| Shares Float | 131,583,189 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.09 | |
| Insider (%) | 1.87 | |
| Institutions (%) | 68.24 | |
09/12 13:59 EST - seekingalpha.com
Buy 7 September Dividend Kings, Watch 9 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sectors. Broker-targeted top 10 net gains ranged around 11.59%-35.94%, topped by Emerson and Stephan. By yield, Altria tops all. Top 10 September dogs: HRL, KVUE, FRT, FTS, UBSI, BKH, NWN, CDUAF, UVV, and MO averaged 4.70% in yield.
Buy 7 September Dividend Kings, Watch 9 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sectors. Broker-targeted top 10 net gains ranged around 11.59%-35.94%, topped by Emerson and Stephan. By yield, Altria tops all. Top 10 September dogs: HRL, KVUE, FRT, FTS, UBSI, BKH, NWN, CDUAF, UVV, and MO averaged 4.70% in yield.
08/17 07:30 EST - seekingalpha.com
2 Stocks To Consider For Income Reliability And Upside Potential
Verizon and NNN REIT are reliable dividend stocks with potential for upside in the long term. Verizon offers a safe dividend, improving cash flows, and decreasing debt, potentially leading to strong upside once interest rates are considerably lower over the next 12 months. NNN REIT focuses on non-rated tenants, delivering consistent FFO growth, increasing dividends, and a strong balance sheet, offering potential for growth.
2 Stocks To Consider For Income Reliability And Upside Potential
Verizon and NNN REIT are reliable dividend stocks with potential for upside in the long term. Verizon offers a safe dividend, improving cash flows, and decreasing debt, potentially leading to strong upside once interest rates are considerably lower over the next 12 months. NNN REIT focuses on non-rated tenants, delivering consistent FFO growth, increasing dividends, and a strong balance sheet, offering potential for growth.
08/09 12:51 EST - seekingalpha.com
2 Fallen Former Dividend Kings For A Small Cap Recovery Trade
Small caps that were once large are optimal in this environment for a small cap trade in my opinion. Despite challenges, some companies like Leggett & Platt and VF Corporation are working on turnaround stories and are cutting costs while reducing debt. Debt burdens are a concern, but rate cuts may provide some assistance in navigating small cap purgatory.
2 Fallen Former Dividend Kings For A Small Cap Recovery Trade
Small caps that were once large are optimal in this environment for a small cap trade in my opinion. Despite challenges, some companies like Leggett & Platt and VF Corporation are working on turnaround stories and are cutting costs while reducing debt. Debt burdens are a concern, but rate cuts may provide some assistance in navigating small cap purgatory.
08/08 13:32 EST - seekingalpha.com
53 August Dividend Kings: Buy 7, Watch 9 More
“What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 53 Dividend Kings, screened as of August 6, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 9.36%-31.67% topped-by PPG, and Target. By yield, Altria tops-all. Top-ten August dogs: NFG, FRT, KVUE, FTS, UBSI, BKH, NWN, CDUAF, UVV, & MO averaged 4.92% in yield.
53 August Dividend Kings: Buy 7, Watch 9 More
“What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 53 Dividend Kings, screened as of August 6, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 9.36%-31.67% topped-by PPG, and Target. By yield, Altria tops-all. Top-ten August dogs: NFG, FRT, KVUE, FTS, UBSI, BKH, NWN, CDUAF, UVV, & MO averaged 4.92% in yield.
08/07 11:13 EST - prnewswire.com
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.05
CARTHAGE, Mo. , Aug. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the third quarter 2024.
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.05
CARTHAGE, Mo. , Aug. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the third quarter 2024.
08/06 08:35 EST - seekingalpha.com
Dividend Income: Lanny's July 2024 Summary
In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.
Dividend Income: Lanny's July 2024 Summary
In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.
08/06 03:24 EST - seekingalpha.com
Leggett & Platt: True Earning Power Could Have Been Overestimated
Leggett & Platt's gross profit margin has been shrinking for the past eight years, which has offset any growth in sales during that time frame. The true earning power of LEG may have been overestimated due to acquisition costs, which are not included in net income. A more protective stance on foreign imports after the U.S. elections could benefit LEG in the mid-term.
Leggett & Platt: True Earning Power Could Have Been Overestimated
Leggett & Platt's gross profit margin has been shrinking for the past eight years, which has offset any growth in sales during that time frame. The true earning power of LEG may have been overestimated due to acquisition costs, which are not included in net income. A more protective stance on foreign imports after the U.S. elections could benefit LEG in the mid-term.
08/02 13:17 EST - zacks.com
Leggett (LEG) Q2 Earnings Meet, Sales Miss, 2024 View Down
Leggett's (LEG) second-quarter results reflect slow demand in most of the markets served.
Leggett (LEG) Q2 Earnings Meet, Sales Miss, 2024 View Down
Leggett's (LEG) second-quarter results reflect slow demand in most of the markets served.
08/02 11:47 EST - seekingalpha.com
Leggett & Platt, Incorporated (LEG) Q2 2024 Earnings Call Transcript
Leggett & Platt, Incorporated (NYSE:LEG ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Cassie Branscum - Vice President, Investor Relations Karl Glassman - President and Chief Executive Officer Benjamin Burns - Executive Vice President and Chief Financial Officer Tyson Hagale - Executive Vice President, President, Bedding Products Samuel Smith - Senior Vice President, President, Furniture, Flooring & Textile Products Conference Call Participants Susan Maklari - Goldman Sachs Bobby Griffin - Raymond James Keith Hughes - Truist Securities Peter Keith - Piper Sandler Operator Greetings and welcome to the Leggett & Platt Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Leggett & Platt, Incorporated (LEG) Q2 2024 Earnings Call Transcript
Leggett & Platt, Incorporated (NYSE:LEG ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Cassie Branscum - Vice President, Investor Relations Karl Glassman - President and Chief Executive Officer Benjamin Burns - Executive Vice President and Chief Financial Officer Tyson Hagale - Executive Vice President, President, Bedding Products Samuel Smith - Senior Vice President, President, Furniture, Flooring & Textile Products Conference Call Participants Susan Maklari - Goldman Sachs Bobby Griffin - Raymond James Keith Hughes - Truist Securities Peter Keith - Piper Sandler Operator Greetings and welcome to the Leggett & Platt Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
08/01 20:36 EST - zacks.com
Legget & Platt (LEG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Legget & Platt (LEG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Legget & Platt (LEG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Legget & Platt (LEG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
08/01 19:11 EST - zacks.com
Legget & Platt (LEG) Q2 Earnings Match Estimates
Legget & Platt (LEG) came out with quarterly earnings of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.38 per share a year ago.
Legget & Platt (LEG) Q2 Earnings Match Estimates
Legget & Platt (LEG) came out with quarterly earnings of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.38 per share a year ago.
08/01 16:10 EST - prnewswire.com
LEGGETT & PLATT REPORTS 2Q RESULTS
CARTHAGE, Mo. , Aug. 1, 2024 /PRNewswire/ -- 2Q sales of $1.1 billion, an 8% decrease vs 2Q23 2Q EPS of ($4.39), primarily due to a non-cash goodwill impairment charge 2Q adjusted1 EPS of $.29, a $.09 decrease vs adjusted1 2Q23 EPS 2024 EPS guidance is ($3.43)–($3.58), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 adjusted1 EPS narrowed to $1.10–$1.25; sales guidance lowered to $4.3–$4.5 billion President and CEO Karl Glassman commented, "While our second quarter results reflect the ongoing challenging macro environment, I am immensely proud of our team's execution.
LEGGETT & PLATT REPORTS 2Q RESULTS
CARTHAGE, Mo. , Aug. 1, 2024 /PRNewswire/ -- 2Q sales of $1.1 billion, an 8% decrease vs 2Q23 2Q EPS of ($4.39), primarily due to a non-cash goodwill impairment charge 2Q adjusted1 EPS of $.29, a $.09 decrease vs adjusted1 2Q23 EPS 2024 EPS guidance is ($3.43)–($3.58), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 adjusted1 EPS narrowed to $1.10–$1.25; sales guidance lowered to $4.3–$4.5 billion President and CEO Karl Glassman commented, "While our second quarter results reflect the ongoing challenging macro environment, I am immensely proud of our team's execution.
06/26 22:08 EST - seekingalpha.com
Sell Alert: 3 Dividend Aristocrats That May Kill Your Passive Income Snowball
Dividend stocks are my favored way for generating passive income for retirement. Passive income is generated with minimal effort once set up, and can snowball beautifully as dividends are reinvested. Not all Dividend Aristocrats are good for a massive dividend snowball, here are 3 I wouldn't own.
Sell Alert: 3 Dividend Aristocrats That May Kill Your Passive Income Snowball
Dividend stocks are my favored way for generating passive income for retirement. Passive income is generated with minimal effort once set up, and can snowball beautifully as dividends are reinvested. Not all Dividend Aristocrats are good for a massive dividend snowball, here are 3 I wouldn't own.
06/24 04:10 EST - seekingalpha.com
Leggett & Platt: A Cash Generation Machine Priced At A Discount
Leggett & Platt's share price has declined by more than 80% over the past 3 years, culminating in a drop of over 25% after the recent dividend cut. Recent weakness in the industry and low-cost competition from overseas have caused revenue and margins to decline, ultimately making the hefty dividend payout unsustainable. The company's challenges are real, but the drop in share price offers an opportunity for long-term investors to generate an attractive return.
Leggett & Platt: A Cash Generation Machine Priced At A Discount
Leggett & Platt's share price has declined by more than 80% over the past 3 years, culminating in a drop of over 25% after the recent dividend cut. Recent weakness in the industry and low-cost competition from overseas have caused revenue and margins to decline, ultimately making the hefty dividend payout unsustainable. The company's challenges are real, but the drop in share price offers an opportunity for long-term investors to generate an attractive return.
06/07 18:09 EST - prnewswire.com
KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
06/04 12:38 EST - seekingalpha.com
Leggett & Platt: Dividend Lessons Learned From A Former King
Leggett & Platt, Incorporated has cut its dividends after 51 consecutive years of dividend hikes. A key lesson I learned for analyzing dividend stocks is to not just look at the yields and simple payout ratios. Instead, analyze the company's financials more holistically. Looking ahead, I am seeing strong EPS headwinds, inventory issues, and stretched balance sheet.
Leggett & Platt: Dividend Lessons Learned From A Former King
Leggett & Platt, Incorporated has cut its dividends after 51 consecutive years of dividend hikes. A key lesson I learned for analyzing dividend stocks is to not just look at the yields and simple payout ratios. Instead, analyze the company's financials more holistically. Looking ahead, I am seeing strong EPS headwinds, inventory issues, and stretched balance sheet.
06/03 07:04 EST - seekingalpha.com
An Important Warning For Dividend Investors
Dividend stocks have struggled in recent years due to rising interest rates and companies cutting or eliminating their dividends. We look at some concerning storm clouds brewing on the horizon for the sector. We also share some of our top picks for navigating the current choppy waters in the sector.
An Important Warning For Dividend Investors
Dividend stocks have struggled in recent years due to rising interest rates and companies cutting or eliminating their dividends. We look at some concerning storm clouds brewing on the horizon for the sector. We also share some of our top picks for navigating the current choppy waters in the sector.
05/30 12:37 EST - zacks.com
Why Is Legget & Platt (LEG) Down 20.9% Since Last Earnings Report?
Legget & Platt (LEG) reported earnings 30 days ago. What's next for the stock?
Why Is Legget & Platt (LEG) Down 20.9% Since Last Earnings Report?
Legget & Platt (LEG) reported earnings 30 days ago. What's next for the stock?
05/26 21:16 EST - seekingalpha.com
Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008
Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisit the six funds that have inceptions prior to the 2008/09 Global Financial Crisis that have still never cut their regular distributions. A long history of no-cuts can be important for income-focused investors, but we also examine coverage and valuations to determine whether they are worth exploring further.
Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008
Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisit the six funds that have inceptions prior to the 2008/09 Global Financial Crisis that have still never cut their regular distributions. A long history of no-cuts can be important for income-focused investors, but we also examine coverage and valuations to determine whether they are worth exploring further.
05/21 07:30 EST - prnewswire.com
LEGGETT & PLATT APPOINTS KARL GLASSMAN AS PRESIDENT AND CEO
CARTHAGE, Mo. , May 21, 2024 /PRNewswire/ -- Karl Glassman appointed President and CEO and will continue to serve as Board Chairman Mitch Dolloff resigned as President and CEO and a member of the Board Diversified manufacturer Leggett & Platt announced that its Board of Directors has appointed Karl Glassman as President and Chief Executive Officer, effective immediately.
LEGGETT & PLATT APPOINTS KARL GLASSMAN AS PRESIDENT AND CEO
CARTHAGE, Mo. , May 21, 2024 /PRNewswire/ -- Karl Glassman appointed President and CEO and will continue to serve as Board Chairman Mitch Dolloff resigned as President and CEO and a member of the Board Diversified manufacturer Leggett & Platt announced that its Board of Directors has appointed Karl Glassman as President and Chief Executive Officer, effective immediately.