Leggett & Platt (LEG) Announces $0.05 Quarterly Dividend with 2.
Leggett & Platt (LEG) has announced a quarterly dividend of $0.05 per share, yielding 2.07%. Despite challenges like declining revenue and earnings growth, the company maintains its commitment to shareholder value, indicated by a GF Score of 71/100 and a low P/E ratio of 6.24, suggesting potential undervaluation. Investors should note the low growth rank of 1 while evaluating this opportunity.
Analysts Issue Forecasts for Leggett & Platt FY2027 Earnings
Zacks Research has lowered its FY2027 EPS estimate for Leggett & Platt to $1.07 from $1.18 and maintained a "Strong Sell" rating due to disappointing quarterly results, with EPS of $0.15 against an expected $0.26 and revenue below consensus. Despite the bearish outlook, Leggett & Platt declared a quarterly dividend of $0.05 per share, offering a 2.0% annualized yield. The company's stock has a consensus "Reduce" rating and an average price target of $11.33 from analysts.
Leggett & Platt Inc. stock outperforms competitors on strong trading day
Shares of Leggett & Platt Inc. (LEG) rose 2.66% on Thursday, closing at $10.04. This performance outpaced broader market gains, as the S&P 500 Index increased by 0.17% and the Dow Jones Industrial Average rose by 0.55%. This marks the stock's second consecutive day of gains.
Press Release: Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results
Leggett & Platt (NYSE: LEG) announced a quarterly dividend of $0.46 per share, payable July 12, 2024, to shareholders of record on June 14, 2024. The company also reported the results of its annual meeting, where shareholders re-elected all ten director nominees and ratified the appointment of PricewaterhouseCoopers LLP as their independent registered public accounting firm for 2024.
Leggett & Platt Keeps Quarterly Dividend at $0.05 a Share, Payable July 15 to Shareholders of Record on June 15
Leggett & Platt (NYSE: LEG) has announced that it will maintain its quarterly dividend at $0.05 per share. This dividend will be payable on July 15 to shareholders who are on record as of June 15. The company is a diversified manufacturer of engineered components and products for homes and automobiles.
Leggett & Platt declares $0.05 quarterly dividend
Leggett & Platt (NYSE:LEG) announced a quarterly dividend of $0.05 per share for Q2 2026, payable on July 15, 2026. This follows recent Q1 results that missed analyst expectations with a 10% revenue decline and withdrawal of 2026 guidance due to a pending acquisition by Somnigroup International Inc. Shareholders also re-elected directors and ratified auditors.
Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results
Leggett & Platt's Board of Directors has declared a second-quarter dividend of $.05 per share, payable on July 15, 2026, to shareholders of record on June 15, 2026. During their annual meeting, shareholders approved all Board recommendations, including the election of eight director nominees, ratification of PricewaterhouseCoopers as the independent accountant, endorsement of executive compensation, and the amendment and restatement of the Company's Flexible Stock Plan.
Leggett & Platt Inc. stock underperforms Wednesday when compared to competitors despite daily gains
Leggett & Platt Inc. (LEG) stock saw a daily gain of 5.84% to $9.78 on Wednesday, despite the broader market's favorable performance. However, the stock still underperformed relative to its competitors and closed well below its 52-week high.
Leggett & Platt Wins New Product Innovation Award at The Work Truck Show 2008
Leggett & Platt Commercial Vehicle Products received a New Product Innovation Award at The Work Truck Show 2008 for its mobile workspace solutions that incorporate eCoupled technology. This innovation allows for wireless charging from vehicle surfaces, eliminating the need for traditional charging devices. The company plans to integrate this technology into its products, with a market release expected in 2009.
Leggett & Platt Inc stock (US5246601075): dividend halt, debt worries and earnings miss keep investo
Leggett & Platt Inc (LEG) is undergoing a significant transition, marked by the suspension of its dividend, a multi-year restructuring, and a recent Q1 2025 earnings miss. The company, a diversified manufacturer of bedding, furniture, and automotive components, is focusing on debt reduction and cost cuts to stabilize its balance sheet amidst challenging market conditions. While historical dividend investors are watchful, the stock's future performance hinges on successful execution of its restructuring plan and improved financial metrics.
Leggett & Platt and SNUGTOP Announce Partnership
Leggett & Platt Commercial Vehicle Products (CVP) has partnered with SNUGTOP to offer SNUGTOP's commercial product line at its Ford, GM, and Chrysler OEM ship-thru facilities. This collaboration aims to provide pickup fleet customers with installation efficiencies and the product advantages of the new SnugProXL. The partnership will focus on delivering innovative, fuel-efficient solutions to the commercial vehicle market.
Leggett & Platt (NYSE: LEG) EVP granted additional common stock awards
Robert S. Smith Jr., EVP and President of Specialized and FF&T at Leggett & Platt (NYSE: LEG), received two equity compensation awards consisting of common stock. He acquired 230.6857 shares at $7.3360 per share and 127.4681 shares at $7.7945 per share. These awards were grants, not open-market purchases, and are detailed in a recent SEC Form 4 filing.
Leggett & Platt (NYSE: LEG) EVP, General Counsel receives stock grant
Jennifer Joy Davis, EVP and General Counsel of Leggett & Platt (NYSE: LEG), received a grant of 118.8325 shares of common stock at $7.7945 per share as part of her compensation. This transaction was an award acquisition, not a market purchase, increasing her direct holdings to 118,708.351 shares. The Form 4 filing details this non-open market transaction, emphasizing it as part of her compensation package.
[Form 4] LEGGETT & PLATT INC Insider Trading Activity
This article details an insider trading activity at LEGGETT & PLATT INC (LEG) involving Executive Vice President and CFO Benjamin Michael Burns. He reported a compensation-related stock grant of 144.2440 shares of common stock at $7.7945 per share, increasing his direct holdings to 191,262.1573 shares. The report also lists smaller indirect holdings for his spouse and in the issuer’s retirement plan.
Leggett & Platt Inc. stock outperforms competitors on strong trading day
Leggett & Platt Inc. (LEG) stock rose 1.74% on a mixed trading day, outperforming the S&P 500 Index which slightly fell. The company's shares closed at $9.33, though still significantly below its 52-week high reached in February. The Dow Jones Industrial Average saw a modest gain on the same day.
Leggett & Platt stock (US5246601075): dividend under pressure after payout suspension and credit downgrade
Leggett & Platt has suspended its dividend and faced a credit rating downgrade to BB+ with a negative outlook, due to restructuring efforts and balance sheet concerns. The company, a major supplier in the US furnishings supply chain, is undergoing a strategic review to simplify its portfolio and reduce leverage. This shift impacts its investment profile, moving focus from dividend income to long-term balance sheet health and restructuring execution.
Analysts Offer Insights on Consumer Cyclical Companies: Compass (GB:CPG) and Leggett & Platt (LEG)
Berenberg Bank analyst Jack Cummings reiterated a Buy rating on Compass (GB:CPG), with the company's shares closing at $31.96 last Friday. Compass currently holds a "Strong Buy" analyst consensus with a price target of $33.62. Additionally, analysts have also provided new ratings for Leggett & Platt (LEG) within the consumer cyclical sector.
Leggett & Platt Inc. stock underperforms Friday when compared to competitors
Leggett & Platt Inc. (LEG) stock saw a 3.27% decline on Friday, closing at $9.17, underperforming a broader market that also fell. The S&P 500 Index dropped 1.24% and the Dow Jones Industrial Average fell 1.07%. Leggett & Platt Inc. is currently trading 29.46% below its 52-week high.
Leggett & Platt (LEG) Is Down 8.0% After Q1 2026 Sales and Profit Decline - What's Changed
Leggett & Platt reported a decline in Q1 2026 sales to US$918.2 million and net income to US$20 million, down from US$1,022.1 million and US$30.6 million respectively a year prior. This financial downturn reinforces concerns about the company's ability to navigate current demand conditions and cost pressures, particularly in its Bedding Products segment. Despite the dip, the article suggests this single quarter doesn't drastically alter the long-term investment narrative, emphasizing that demand stabilization remains key for the company to meet its 2026 guidance.
Leggett & Platt (LEG) Is Down 8.0% After Q1 2026 Sales and Profit Decline - What's Changed
Leggett & Platt (LEG) reported a decline in Q1 2026 sales to US$918.2 million and net income to US$20 million, down from the previous year, causing an 8.0% stock drop. This performance raises concerns about demand stabilization in its bedding products and potential sustained headwinds despite the company's 2026 guidance. Investors are now evaluating whether the Q1 shortfall is temporary or indicative of a more persistent challenge to achieving modest financial targets.
Leggett & Platt Inc. stock outperforms competitors despite losses on the day
Leggett & Platt Inc. (LEG) shares fell by 1.16% to $9.41, marking its fifth consecutive day of losses. Despite this, the stock outperformed the broader market, as the S&P 500 Index rose by 0.58% and the Dow Jones Industrial Average fell by 0.14%. The article details the daily stock performance against market indexes.
Leggett & Platt Inc. stock outperforms competitors despite losses on the day
Shares of Leggett & Platt Inc. (LEG) fell 1.35% to $9.52, marking its fourth consecutive day of losses. Despite this, the stock outperformed the broader market, as the Dow Jones Industrial Average rose 0.11% while the S&P 500 Index fell 0.16%. The trading session was mixed overall for the stock market.
A Look At Leggett & Platt (LEG) Valuation After Softer First Quarter 2026 Results
Leggett & Platt reported softer first-quarter 2026 results with reduced sales and net income compared to the previous year. Despite a short-term dip in share price returns, the company is considered "19.5% Undervalued" with a fair value of $12.50 per share, driven by anticipated operational efficiencies from its restructuring plan. The valuation is contingent on improved bedding demand and effective management of higher leverage.
Leggett & Platt Inc. stock underperforms Monday when compared to competitors
Leggett & Platt Inc. (LEG) stock declined by 4.08% on Monday, closing at $9.65, despite a positive trading session for the broader market. Both the S&P 500 Index and the Dow Jones Industrial Average saw increases of 0.19%. This marks the third consecutive day of losses for Leggett & Platt Inc.
Vanguard Group Inc. Acquires 282,940 Shares of Leggett & Platt, Incorporated $LEG
Vanguard Group Inc. increased its stake in Leggett & Platt, Incorporated by 1.5% in the fourth quarter, purchasing an additional 282,940 shares to reach a total of 18.99 million shares valued at approximately $208.9 million. The company recently missed first-quarter EPS and revenue expectations and withdrew its 2026 outlook due to an impending acquisition by Somnigroup International. Despite some positive sentiment regarding restructuring efforts, analysts maintain a cautious "Hold" rating, with Truist Financial lowering its price target from $13.00 to $11.00.
Leggett & Platt (LEG) shares slide after earnings miss and guidance withdrawal
Leggett & Platt (LEG) shares dropped significantly after the company reported a first-quarter earnings miss and withdrew its full-year 2026 financial guidance. This decision was driven by softer-than-expected demand in many of its end markets. The company plans to implement cost reductions and working capital improvements to mitigate the impact.
Leggett & Platt (NYSE:LEG) Given New $11.00 Price Target at Truist Financial
Truist Financial has lowered its price target for Leggett & Platt (NYSE:LEG) to $11.00 from $13.00, maintaining a "hold" rating, following the company's miss on Q1 earnings and revenue estimates. Leggett & Platt reported an EPS of $0.15 against an estimated $0.26 and revenue of $918.2 million versus $946.8 million. The company also withdrew its 2026 guidance due to a pending acquisition of Somnigroup, leading to near-term uncertainty despite ongoing restructuring efforts aimed at improving margins.
Leggett & Platt Inc. stock underperforms Friday when compared to competitors
Leggett & Platt Inc. (LEG) stock declined by 2.33% on Friday, closing at $10.06. This underperformance occurred despite a generally positive trading session for the broader market, with both the S&P 500 and Dow Jones Industrial Average posting gains. This marks the second consecutive day of losses for Leggett & Platt.
LEGGETT & PLATT INC 1Q 2026: Revenue $918.2M, EPS $0.14— 10-Q Summary
LEGGETT & PLATT INC reported its first-quarter 2026 results, with revenue declining to $918.2M from $1.02B a year prior and diluted EPS falling to $0.14 from $0.22. The company experienced a 10% year-over-year decline in trade sales due to volume weakness, but noted margin expansion from metal pricing benefiting bedding rod results. Key highlights include an all-stock merger agreement with Somnigroup set to close by year-end 2026 and a $15M restructuring plan.
Leggett & Platt's Q1 profits fall 35%
Leggett & Platt reported a significant drop in its first-quarter net income, falling by 35% to $20 million. The specific details of this financial decline are available to subscribers of the Springfield Business Journal.
Truist Cuts Price Target on Leggett & Platt to $11 From $13, Keeps Hold Rating
Truist has lowered its price target for Leggett & Platt (LEG) to $11 from $13, while maintaining a "Hold" rating on the stock. This adjustment comes after Leggett & Platt reported a decrease in Q1 adjusted earnings and revenue and withdrew its 2026 guidance due to a pending acquisition.
Leggett & Platt Q1 Adjusted Earnings, Revenue Fall; Withdraws 2026 Guidance on Pending Acquisition
Leggett & Platt reported a decline in Q1 adjusted earnings to $0.09 per share and a decrease in revenue to $1.10 billion, attributing the struggles to lower volume and pricing. The company announced the withdrawal of its 2026 financial guidance due to a pending acquisition of its Automotive Seating & Components and Hydraulic Cylinders businesses by a private equity fund. Leggett & Platt narrowed its 2024 adjusted EPS guidance to $1.05-$1.35 and revenue to $4.35-$4.65 billion, reflecting ongoing market challenges.
Leggett & Platt Inc. stock outperforms competitors despite losses on the day
Leggett & Platt Inc. (LEG) stock declined by 9.41% on Thursday, closing at $10.30, despite an overall grim trading session where the S&P 500 and Dow Jones Industrial Average also fell. This loss ended a two-day winning streak for the company's shares. However, relative to the broader market, the stock's performance could be seen as outperforming competitors given the general market downturn.
Do Weaker Q1 Results Challenge Leggett & Platt’s (LEG) Restructuring-Led Turnaround Narrative?
Leggett & Platt's Q1 2026 results showed weaker sales and net income compared to the previous year, despite ongoing tariff enforcement and restructuring efforts. These results underscore pressures on bedding demand and pricing, challenging the company's turnaround narrative. Although the company maintained its quarterly dividend, investors are urged to consider the impact of reduced profitability and potential prolonged weakness in the bedding market on future financial balancing acts.
Market conditions fuel declines in Leggett & Platt’s 1st quarter
Leggett & Platt reported a 10% decline in first-quarter sales to $918 million and a decrease in net income, attributing the results to lower market demand across most of its businesses, especially in residential end markets. The company's CEO, Karl Glassman, highlighted challenges in the U.S. mattress market due to weak consumer activity, economic uncertainty, and geopolitical events. Despite the declines, the company noted EBIT benefits from prior restructuring actions and is focused on its pending acquisition by Somnigroup International, which is expected to close by year-end.
Leggett & Platt (NYSE:LEG) Misses Q1 CY2026 Revenue Estimates
Leggett & Platt (NYSE:LEG) reported Q1 CY2026 revenues of $918.2 million, missing analyst expectations and representing a 10.2% year-on-year decline. The company's non-GAAP adjusted EPS also fell short at $0.15, missing estimates by 38.1%. The results indicate continued struggles with revenue growth and profitability, with the stock remaining flat following the announcement.
Market conditions fuel declines in Leggett & Platt’s 1st quarter
Leggett & Platt reported a decline in first-quarter sales and net income, primarily due to lower market demand across most of its businesses, especially in residential end markets. The company's CEO, Karl Glassman, cited challenges such as economic uncertainty, lower consumer sentiment, and increased costs, impacting the U.S. mattress market. Despite the declines, the company is focused on long-term priorities, including its pending acquisition by Somnigroup International.
Earnings Flash (LEG) Leggett & Platt Incorporated Reports Q1 Revenue $918.2M, vs. FactSet Est of $946.8M
Leggett & Platt Incorporated (LEG) reported Q1 revenue of $918.2 million, falling short of FactSet's estimate of $946.8 million. This earnings flash notes the company's financial results for the first quarter ended March 31, 2026, and is part of a broader set of recent news for the company, including warnings about adjusted earnings and revenue declines for the same period. The article highlights the revenue figure in comparison to analyst expectations.
Leggett & Platt (NYSE: LEG) posts weaker Q1 2026 results amid pending Somnigroup merger
Leggett & Platt (NYSE: LEG) reported weaker financial results for Q1 2026, with trade sales down 10% and net earnings falling by 35% compared to the previous year. The company cited softened end-market demand, rising costs, and impacts from the war in Iran as contributing factors. Amid these challenges, Leggett & Platt has signed a merger agreement with Somnigroup International Inc., expected to close by year-end 2026, and has withdrawn its prior 2026 guidance.
Legget & Platt: Q1 Earnings Snapshot
Leggett & Platt Inc. reported first-quarter earnings of $20 million, or 14 cents per share, missing Wall Street expectations of 26 cents per share. The company's revenue for the period was $918.2 million, also falling short of analysts' forecasts of $943.3 million. The results, adjusted for non-recurring costs, came to 15 cents per share.
Leggett & Platt Q1 2026 earnings preview
This article provides an earnings preview for Leggett & Platt's Q1 2026 financial results. It likely outlines analyst expectations and key factors to watch for in the upcoming earnings report.
Leggett & Platt earnings in focus as Somnigroup deal looms
Leggett & Platt (NYSE: LEG) is set to release its first-quarter earnings, with analysts anticipating earnings per share of 25 cents on revenues of $949.7 million. The earnings call will not be held due to the pending $2.5 billion all-stock acquisition by Somnigroup International. Investors will be monitoring sequential momentum, gross margin performance, and any updates regarding the Somnigroup transaction timeline.
Leggett & Platt Inc. stock outperforms competitors on strong trading day
Leggett & Platt Inc. (LEG) shares rose by 2.85% to $10.82, outperforming the broader market during a strong trading session where the S&P 500 Index and Dow Jones Industrial Average also saw gains. The stock closed 16.77% below its 52-week high of $13.00, which was reached on February 4th.
Leggett & Platt, Inc. Experiences Revision in Its Stock Evaluation Amid Mixed Market Metrics
Leggett & Platt, Inc. has adjusted its stock valuation, showing a P/E ratio of 12 and a price-to-book value of 2.04. Despite a year-to-date stock decline of -1.18% contrasting with the S&P 500's gain, the company maintains a strong dividend yield of 127.74%, and robust returns on capital and equity. Its valuation metrics are mixed compared to competitors, yet its financial performance indicators suggest a competitive industry stance.
Leggett & Platt Inc. stock underperforms Monday when compared to competitors
Leggett & Platt Inc. (LEG) stock declined by 3.40% on Monday, closing at $10.52. This underperformance occurred on a generally poor trading day for the broader market, with both the S&P 500 and Dow Jones Industrial Average also posting losses. The stock's fall ended a two-day winning streak.
Leggett & Platt (LEG) EVP granted two direct common stock awards
Leggett & Platt (LEG) EVP Robert S. Smith Jr. received two common stock awards as compensation on May 1, 2026, totaling 194.2505 shares at $8.7120 each and 107.3354 shares at $9.2565 each. These awards are grants, not open-market purchases, and are held under direct ownership, increasing his total holdings to over 148,000 shares. The filing was submitted as a Form 4, reflecting non-derivative acquisitions.
[Form 4] LEGGETT & PLATT INC Insider Trading Activity
This article reports on an insider trading activity for LEGGETT & PLATT INC (LEG) as detailed in a Form 4 SEC filing. Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer, acquired 83.443 shares of common stock at $9.2565 per share as part of his compensation, increasing his direct holdings to 110,526.9877 shares. The filing also discloses his indirect holdings, including shares in a retirement plan and his spouse's IRA, providing a comprehensive view of his ownership.
Leggett & Platt, Inc. Experiences Revision in Stock Evaluation Amid Strong Financial Metrics
Leggett & Platt, Inc., a small-cap company in the furniture industry, has seen its stock valuation revised, now featuring a P/E ratio of 12 and an enterprise value to EBITDA of 8.30. The company offers a high dividend yield of 127.74% and strong returns on capital employed (12.38%) and equity (16.93%), indicating efficiency in generating shareholder returns. These metrics position Leggett & Platt favorably compared to industry peers like HNI Corp., La-Z-Boy, Inc., and MasterBrand, Inc., which generally exhibit higher valuations.
Leggett & Platt, Incorporated (NYSE:LEG) Short Interest Up 20.7% in April
Short interest in Leggett & Platt, Incorporated (NYSE:LEG) significantly increased by 20.7% in April, reaching 11,370,231 shares. This represents 8.5% of the company's shares sold short, with a days-to-cover ratio of 2.4 days based on average daily volume. The company recently reported $0.22 EPS, in line with estimates, and pays a quarterly dividend of $0.05, resulting in a 1.9% yield.
Vanguard Portfolio Management Stakes 9.15% in Leggett & Platt (LEG)
Vanguard Portfolio Management has reported a beneficial ownership stake of 9.15% in Leggett & Platt (LEG), amounting to 12,443,792 shares, as per a recent Schedule 13G SEC filing. While Vanguard holds sole dispositive power over all these shares, its sole voting power is limited to 236,339 shares. This filing signifies passive institutional ownership, mainly for investment purposes across various Vanguard funds and managed accounts, rather than an intent to control or influence the company.
