Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Leggett & Platt, Inc (NYSE: LEG) was $9.72 for the day, up 1.04% from the previous closing price of $9.62. In other words, the price has increased by $1.04 from its previous closing price. On the day, 3.96 million shares were traded. LEG stock price reached its highest trading level at $9.92 during the session, while it also had its lowest trading level at $9.545.
Ratios:
Our analysis of LEG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.26. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 2.82 whereas as Long-Term Debt/Eq ratio is at 2.75.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on October 30, 2024, Upgraded its rating to Neutral and sets its target price to $13 from $11 previously.
On April 11, 2023, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $39 to $34.
Piper Sandler Downgraded its Neutral to Underweight on December 12, 2022, whereas the target price for the stock was revised from $31 to $24.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 06 ’24 when BURNS BENJAMIN MICHAEL bought 3,850 shares for $12.20 per share. The transaction valued at 46,957 led to the insider holds 81,362 shares of the business.
Padmanabhan Srikanth bought 10,000 shares of LEG for $120,649 on Jun 05 ’24. The Director now owns 38,623 shares after completing the transaction at $12.06 per share. On Jun 04 ’24, another insider, DAVIS JENNIFER JOY, who serves as the EVP – GENERAL COUNSEL of the company, bought 1,985 shares for $12.50 each. As a result, the insider paid 24,812 and bolstered with 42,148 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LEG now has a Market Capitalization of 1313172096 and an Enterprise Value of 3008271872. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 0.698 whereas that against EBITDA is 8.253.
Stock Price History:
The Beta on a monthly basis for LEG is 0.77, which has changed by -0.30322582 over the last 52 weeks, in comparison to a change of 0.092895746 over the same period for the S&P500. Over the past 52 weeks, LEG has reached a high of $14.30, while it has fallen to a 52-week low of $6.47. The 50-Day Moving Average of the stock is 19.90%, while the 200-Day Moving Average is calculated to be -11.03%.
Shares Statistics:
LEG traded an average of 2.99M shares per day over the past three months and 3890490 shares per day over the past ten days. A total of 135.10M shares are outstanding, with a floating share count of 131.36M. Insiders hold about 2.66% of the company’s shares, while institutions hold 75.00% stake in the company. Shares short for LEG as of 1744675200 were 9886810 with a Short Ratio of 3.31, compared to 1741910400 on 11084825. Therefore, it implies a Short% of Shares Outstanding of 9886810 and a Short% of Float of 9.8000005.
Dividends & Splits
With its trailing 12-month dividend rate of 0.2, LEG has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.020790022The stock’s 5-year Average Dividend Yield is 5.68.
Earnings Estimates
The current market rating for Leggett & Platt, Inc (LEG) reflects the collective analysis of 4.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.32, with high estimates of $0.37 and low estimates of $0.29.
Analysts are recommending an EPS of between $1.13 and $1.09 for the fiscal current year, implying an average EPS of $1.11. EPS for the following year is $1.23, with 4.0 analysts recommending between $1.25 and $1.15.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $1.07B to a low estimate of $1.04B. As of the current estimate, Leggett & Platt, Inc’s year-ago sales were $1.13BFor the next quarter, 4 analysts are estimating revenue of $1.05B. There is a high estimate of $1.06B for the next quarter, whereas the lowest estimate is $1.04B.
A total of 4 analysts have provided revenue estimates for LEG’s current fiscal year. The highest revenue estimate was $4.18B, while the lowest revenue estimate was $4.12B, resulting in an average revenue estimate of $4.15B. In the same quarter a year ago, actual revenue was $4.38BBased on 4 analysts’ estimates, the company’s revenue will be $4.23B in the next fiscal year. The high estimate is $4.27B and the low estimate is $4.21B.
