Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Leggett & Platt, Inc (NYSE: LEG) closed at $9.27 down -1.07% from its previous closing price of $9.37. In other words, the price has decreased by -$1.07 from its previous closing price. On the day, 1.42 million shares were traded. LEG stock price reached its highest trading level at $9.42 during the session, while it also had its lowest trading level at $9.215.
Ratios:
For a deeper understanding of Leggett & Platt, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.09. 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 2.23.
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 1254703872 and an Enterprise Value of 2842303488. As of this moment, Leggett’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.04, and their Forward P/E ratio for the next fiscal year is 7.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.98. 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 1.47. Its current Enterprise Value per Revenue stands at 0.671 whereas that against EBITDA is 7.517.
Stock Price History:
The Beta on a monthly basis for LEG is 0.72, which has changed by -0.22814322 over the last 52 weeks, in comparison to a change of 0.15222645 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 -2.27%, while the 200-Day Moving Average is calculated to be -4.22%.
Shares Statistics:
For the past three months, LEG has traded an average of 2.29M shares per day and 1633840 over the past ten days. A total of 135.35M shares are outstanding, with a floating share count of 131.85M. Insiders hold about 2.58% of the company’s shares, while institutions hold 84.28% stake in the company. Shares short for LEG as of 1753920000 were 8651533 with a Short Ratio of 3.78, compared to 1751241600 on 10689396. Therefore, it implies a Short% of Shares Outstanding of 8651533 and a Short% of Float of 8.540000000000001.
Dividends & Splits
According to the company, the forward annual dividend rate for LEG is 0.20, from 0.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.021344718The stock’s 5-year Average Dividend Yield is 5.56.
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 $0.23, with high estimates of $0.26 and low estimates of $0.21.
Analysts are recommending an EPS of between $1.1 and $1.06 for the fiscal current year, implying an average EPS of $1.08. EPS for the following year is $1.18, with 4.0 analysts recommending between $1.25 and $1.1.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $1.03B this quarter.It ranges from a high estimate of $1.04B 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 $999.25M. There is a high estimate of $1.01B 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 $4.13B, while the lowest revenue estimate was $4.08B, resulting in an average revenue estimate of $4.11B. In the same quarter a year ago, actual revenue was $4.38BBased on 4 analysts’ estimates, the company’s revenue will be $4.15B in the next fiscal year. The high estimate is $4.21B and the low estimate is $4.1B.
