On September 22, 2023, LEG, the stock symbol for Leggett & Platt Inc, experienced a significant milestone as it plummeted to a fresh 52-week low of $24.75. This remarkable event denotes that the stock’s value has reached its lowest point within the preceding year, specifically on August 16, 2022. The 52-week low serves as a crucial metric for investors, enabling them to evaluate the present worth of a stock and make informed predictions concerning its future price fluctuations. By utilizing this indicator, investors can gain valuable insights into the stock’s performance and make strategic decisions accordingly.
Leggett & Platt, Incorporated
LEG
Strong Buy
Updated on: 07/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
LEG Stock: Mixed Performance on September 22, 2023, but Positive Outlook for Future Earnings Growth
LEG stock, belonging to the consumer durables sector and the home furnishings industry, had a mixed performance on September 22, 2023. The stock opened at $25.20, slightly higher than the previous day’s closing price of $24.95. Throughout the day, it traded within a range of $24.58 to $25.21. The trading volume was 271,930 shares, significantly lower than the average volume of 1,282,572 shares over the past three months.
LEG’s market capitalization stood at $3.5 billion, reflecting the company’s size and value. However, its earnings growth has been negative in recent years. Last year, the company experienced a decline in earnings growth of 22.90%, and this year, it further decreased by 28.19%. Despite these setbacks, analysts project a positive outlook for the next five years, with an expected earnings growth of 10.00%.
In terms of revenue growth, LEG saw a modest increase of 1.66% last year. This indicates some stability in the company’s ability to generate sales. The P/E ratio stands at 14.5. This suggests that investors have a relatively positive outlook on the company’s future earnings potential.
The price/sales ratio of 0.85 indicates that LEG’s stock price is relatively low compared to its annual revenue. Similarly, the price/book ratio of 2.12 suggests that the stock is trading at a reasonable valuation compared to its book value.
On September 22, 2023, LEG stock experienced a slight decline of 0.15, resulting in a percentage change of -0.60%. This small decrease may have been influenced by the overall market conditions or specific factors affecting the home furnishings industry. It is worth noting that other stocks in the same sector and industry, such as Sleep Number Corp and Purple Innovation Inc, also experienced declines in their stock prices on the same day.
The next reporting date for LEG is scheduled for October 31, 2023. Analysts forecast an earnings per share (EPS) of $0.45 for the upcoming quarter. In the previous year, LEG generated annual revenue of $5.1 billion and a profit of $309.8 million, resulting in a net profit margin of 6.02%.
Despite the challenges faced by LEG in terms of earnings growth, the company’s stable revenue growth and reasonable valuation ratios suggest potential for future improvement. Investors should closely monitor the company’s financial performance and industry trends to make informed decisions regarding their investments.
LEG is headquartered in Carthage, Missouri, and has no executives listed. As a key player in the home furnishings industry, the company’s performance is influenced by consumer trends, economic conditions, and competition within the sector.
Leggett & Platt Inc Shows Positive Performance with Potential for Growth: Analysts Forecast Increase in Stock Price
Leggett & Platt Inc saw a positive performance on September 22, 2023, closing at a price of $24.67. Analysts believe there is potential for further growth in the near future. Three analysts have provided 12-month price forecasts for the company, with a median target price of $31.00. The high estimate is $32.00 and the low estimate is $21.00, suggesting a potential increase of 25.66% from the last recorded price. Four polled investment analysts recommend holding stock in Leggett & Platt Inc, indicating that the stock is fairly valued at its current price. The company reported earnings per share of $0.45 for the current quarter and generated sales of $1.3 billion. Investors should pay attention to the company’s reporting date on October 31 for further insights into its performance. Overall, analysts forecast a potential increase in the stock price, but investors should carefully consider their options before making any investment decisions.
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