Carthage, MO, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release fourth quarter and full year earnings results on Thursday, February 13, 2025 after the market closes, and hold its quarterly conference call to discuss fourth quarter and full year results, annual guidance, market conditions, company initiatives and related matters on Friday, February 14, 2025, at 8:30 a.m. Eastern Time (7:30 a.m. Central T ...

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on key valuation metrics to identify undervalued stocks [2][3] Company Analysis - Leggett & Platt (LEG) is highlighted as a strong value stock, currently holding a Zacks Rank of 2 (Buy) and an A for Value, with a P/E ratio of 8.30, significantly lower than the industry average of 10.56 [4] - LEG's Forward P/E has fluctuated between 7.93 and 18.87 over the past year, with a median of 10.57, indicating potential undervaluation [4] - The P/B ratio for LEG stands at 1.78, which is competitive compared to the industry average of 1.84, with its P/B ranging from 1.07 to 2.83 over the past year [5] - The P/S ratio for LEG is 0.29, lower than the industry's average of 0.41, suggesting strong sales performance relative to its price [6] Additional Company Insights - LaZBoy (LZB) is also mentioned as a value stock with a Zacks Rank of 2 (Buy) and a Value grade of A, featuring a P/B ratio of 1.75, which is comparable to the industry average [6][7] - LZB's P/B has varied between 1.38 and 1.87 over the past year, with a median of 1.63, indicating it may also be undervalued [7] - Both LEG and LZB are presented as attractive value stocks due to their strong earnings outlook and current valuation metrics [7]

Leggett & Platt, Incorporated (NYSE: LEG ) recently announced a number of transformations that may include the sale of one business segment. Given the company's long history in the bedding industry, it is likely that LEG continues its operations for manyLike the common kingfisher or Alcedo Atthis searches for small fish, I research small, and medium cap companies in Europe, the United States, and South America. You can find a common kingfisher in my profile.With close to 14 years in the financial industry, ...

It has been about a month since the last earnings report for Legget & Platt (LEG) . Shares have lost about 1.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Legget & Platt due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Leggett Misses on Q3 Earnings & Sales Est ...

Core Insights - The article discusses the expertise of Labutes IR as a Fund Manager/Analyst in the financial sector, highlighting over 18 years of experience in financial markets [1] Group 1 - Labutes IR specializes in the financial sector and has extensive experience in portfolio management [1] - The author has worked at various institutions on the buy side, indicating a strong background in investment strategies [1] Group 2 - There is no indication of any current stock or derivative positions held by the author in the companies mentioned, nor any plans to initiate such positions in the near future [2] - The article reflects the author's personal opinions and is not influenced by compensation from any companies mentioned [2]

We might see a slimmed-down company in the near future. Considering the news it dropped after market hours Monday, Leggett & Platt (LEG 4.03%) stock was something of a surprise gainer the following day. The diversified manufacturer rose by more than 4% on the back of that news, specifically the company's latest earnings release. That performance was significantly better than that of the S&P 500 index, which crawled upwards less than 0.2%. Investors bullish despite declines In its third quarter, Leggett & Pl ...

Leggett & Platt, Incorporated (LEG) reported lower-than-expected results for the third quarter of 2024. Adjusted earnings and sales missed the Zacks Consensus Estimate and declined year over year. Following the results, LEG stock plunged 2.6% in the after-hours trading session on Monday. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The quarterly results reflect weak demand in the company's residential end markets due to a challenging macro environment and soft consumer spending. ...

Legget & Platt (LEG) reported $1.1 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 6.3%. EPS of $0.32 for the same period compares to $0.36 a year ago. The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $1.11 billion. With the consensus EPS estimate being $0.33, the EPS surprise was -3.03%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Legget & Platt (LEG) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.03%. A quarter ago, it was expected that this engineered component manufacturer would post earnings of $0.29 per share when it actually produced earnings of $0.29, delivering no surprise. Over the last four quart ...

CARTHAGE, Mo., Oct. 28, 2024 /PRNewswire/ -- 3Q sales of $1.1 billion, a 6% decrease vs 3Q23 3Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS 2024 EPS guidance is ($3.56)–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 guidance lowered: adjusted1 EPS of $1.00–$1.10, sales of $4.3–$4.4 billion President and CEO Karl Glassman commented, "We continued to make solid progress on our restructuri ...