Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $13.56 in the prior trading day, Leggett & Platt, Inc. (NYSE: LEG) closed at $13.95, up 2.88%. In other words, the price has increased by $2.88 from its previous closing price. On the day, 3.95 million shares were traded. LEG stock price reached its highest trading level at $14.3 during the session, while it also had its lowest trading level at $13.62.
Ratios:
Our goal is to gain a better understanding of LEG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.38. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.50.
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, Goldman on April 11, 2023, Downgraded its rating to Neutral and sets its target price to $34 from $39 previously.
On December 12, 2022, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $31 to $24.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 02 ’24 when KLEIBOEKER RYAN MICHAEL bought 10,000 shares for $13.39 per share. The transaction valued at 133,900 led to the insider holds 41,535 shares of the business.
WOOD PHOEBE A sold 6,000 shares of LEG for $195,679 on May 23 ’23. The Director now owns 53,109 shares after completing the transaction at $32.61 per share.
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 1866635520 and an Enterprise Value of 3801200128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 0.825 whereas that against EBITDA is 8.213.
Stock Price History:
The Beta on a monthly basis for LEG is 1.21, which has changed by -0.58846736 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, LEG has reached a high of $33.11, while it has fallen to a 52-week low of $11.02. The 50-Day Moving Average of the stock is -25.75%, while the 200-Day Moving Average is calculated to be -41.17%.
Shares Statistics:
The stock has traded on average 2.03M shares per day over the past 3-months and 3450920 shares per day over the last 10 days, according to various share statistics. A total of 133.40M shares are outstanding, with a floating share count of 131.12M. Insiders hold about 1.95% of the company’s shares, while institutions hold 65.51% stake in the company. Shares short for LEG as of 1713139200 were 8706628 with a Short Ratio of 4.29, compared to 1710460800 on 7085355. Therefore, it implies a Short% of Shares Outstanding of 8706628 and a Short% of Float of 7.6.
Dividends & Splits
In the trailing 12 months, LEG’s forward annual dividend rate was 1.84, compared to 1.84 this year. Against a Trailing Annual Dividend Yield of 0.1356932The stock’s 5-year Average Dividend Yield is 4.83.
Earnings Estimates
The current rating of Leggett & Platt, Inc. (LEG) reflects the combined expertise of 4.0 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of $0.3 for the current quarter, with a high estimate of $0.32 and a low estimate of $0.27, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.32, with high estimates of $0.33 and low estimates of $0.32.
Analysts are recommending an EPS of between $1.16 and $1.07 for the fiscal current year, implying an average EPS of $1.13. EPS for the following year is $1.29, with 4.0 analysts recommending between $1.51 and $1.16.
Revenue Estimates
4 analysts predict $1.13B in revenue for the current quarter. It ranges from a high estimate of $1.14B to a low estimate of $1.12B. As of the current estimate, Leggett & Platt, Inc.’s year-ago sales were $1.22BFor the next quarter, 4 analysts are estimating revenue of $1.13B. There is a high estimate of $1.15B for the next quarter, whereas the lowest estimate is $1.1B.
A total of 4 analysts have provided revenue estimates for LEG’s current fiscal year. The highest revenue estimate was $4.48B, while the lowest revenue estimate was $4.38B, resulting in an average revenue estimate of $4.45B. In the same quarter a year ago, actual revenue was $4.73BBased on 4 analysts’ estimates, the company’s revenue will be $4.56B in the next fiscal year. The high estimate is $4.68B and the low estimate is $4.47B.
