Leggett & Platt (LEG) Earning Somewhat Positive News Coverage, Accern Reports

Media headlines about Leggett & Platt (NYSE:LEG) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Leggett & Platt earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.7314853228259 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

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Shares of Leggett & Platt (LEG) traded up $0.65 during trading on Monday, reaching $43.78. The company’s stock had a trading volume of 1,254,135 shares, compared to its average volume of 1,585,933. The company has a quick ratio of 1.22, a current ratio of 1.81 and a debt-to-equity ratio of 0.92. Leggett & Platt has a 12-month low of $41.25 and a 12-month high of $54.97. The firm has a market capitalization of $5,703.52, a PE ratio of 20.55, a PEG ratio of 1.39 and a beta of 0.95.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $984.00 million during the quarter, compared to analyst estimates of $998.32 million. Leggett & Platt had a net margin of 7.42% and a return on equity of 29.44%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. analysts expect that Leggett & Platt will post 2.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.29%. Leggett & Platt’s payout ratio is 67.61%.

A number of equities research analysts have commented on LEG shares. Piper Jaffray reissued a “hold” rating and issued a $48.00 price objective on shares of Leggett & Platt in a research note on Tuesday, January 23rd. Zacks Investment Research raised Leggett & Platt from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, January 10th. Finally, Gabelli raised Leggett & Platt from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Leggett & Platt has a consensus rating of “Hold” and a consensus price target of $54.57.

In related news, Director Robert Ted Enloe III sold 5,871 shares of Leggett & Platt stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $45.15, for a total transaction of $265,075.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David M. Desonier sold 10,000 shares of Leggett & Platt stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.28, for a total value of $452,800.00. Following the transaction, the senior vice president now directly owns 75,542 shares in the company, valued at approximately $3,420,541.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,932 shares of company stock worth $2,122,668. 1.78% of the stock is owned by insiders.

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About Leggett & Platt

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.

Insider Buying and Selling by Quarter for Leggett & Platt (NYSE:LEG)

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