In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
After finishing at $9.55 in the prior trading day, Leggett & Platt, Inc (NYSE: LEG) closed at $8.08, down -15.39%. In other words, the price has decreased by -$15.39 from its previous closing price. On the day, 4.65 million shares were traded. LEG stock price reached its highest trading level at $9.725 during the session, while it also had its lowest trading level at $8.015.
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 2.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.43. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 2.17. In the meantime, Its Debt-to-Equity ratio is 2.29 whereas as Long-Term Debt/Eq ratio is at 2.22.
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.
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 1093223936 and an Enterprise Value of 2680024064. As of this moment, Leggett’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.88, and their Forward P/E ratio for the next fiscal year is 6.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 1.28. Its current Enterprise Value per Revenue stands at 0.632 whereas that against EBITDA is 7.018.
Stock Price History:
The Beta on a monthly basis for LEG is 0.72, which has changed by -0.36377954 over the last 52 weeks, in comparison to a change of 0.20277917 over the same period for the S&P500. Over the past 52 weeks, LEG has reached a high of $14.23, while it has fallen to a 52-week low of $6.47. The 50-Day Moving Average of the stock is -14.90%, while the 200-Day Moving Average is calculated to be -18.33%.
Shares Statistics:
The stock has traded on average 2.36M shares per day over the past 3-months and 1966590 shares per day over the last 10 days, according to various share statistics. A total of 135.30M shares are outstanding, with a floating share count of 131.66M. Insiders hold about 2.61% of the company’s shares, while institutions hold 78.06% stake in the company. Shares short for LEG as of 1752537600 were 9209343 with a Short Ratio of 3.90, compared to 1749772800 on 8758675. Therefore, it implies a Short% of Shares Outstanding of 9209343 and a Short% of Float of 9.090000400000001.
Dividends & Splits
In the trailing 12 months, LEG’s forward annual dividend rate was 0.2, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.020942409The stock’s 5-year Average Dividend Yield is 5.56.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 4.0 analysts currently analyzing and rating the stock of Leggett & Platt, Inc (LEG).The consensus estimate for the next quarter is $0.23, with high estimates of $0.26 and low estimates of $0.22.
Analysts are recommending an EPS of between $1.13 and $1.07 for the fiscal current year, implying an average EPS of $1.1. EPS for the following year is $1.21, with 4.0 analysts recommending between $1.25 and $1.15.
Revenue Estimates
4 analysts predict $1.04B in revenue for the current quarter. It ranges from a high estimate of $1.05B to a low estimate of $1.02B. As of the current estimate, Leggett & Platt, Inc’s year-ago sales were $1.1BFor the next quarter, 4 analysts are estimating revenue of $1.01B. There is a high estimate of $1.03B for the next quarter, whereas the lowest estimate is $977.5M.
A total of 4 analysts have provided revenue estimates for LEG’s current fiscal year. The highest revenue estimate was $4.14B, while the lowest revenue estimate was $4.08B, resulting in an average revenue estimate of $4.13B. In the same quarter a year ago, actual revenue was $4.38BBased on 4 analysts’ estimates, the company’s revenue will be $4.2B in the next fiscal year. The high estimate is $4.26B and the low estimate is $4.1B.
