On Monday, Leggett & Platt, Inc. (NYSE: LEG) opened higher 0.95% from the last session, before settling in for the closing price of $11.62. Price fluctuations for LEG have ranged from $10.11 to $27.58 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 2.65%. Company’s average yearly earnings per share was noted -18.17% at the time writing. With a float of $131.25 million, this company’s outstanding shares have now reached $133.40 million.
Let’s determine the extent of company efficiency that accounts for 19300 employees. In terms of profitability, gross margin is 16.95%, operating margin of 5.97%, and the pretax margin is -20.09%.
Leggett & Platt, Inc. (LEG) Insider Activity
A key investor’s attitude towards the stock of the Furnishings, Fixtures & Appliances industry is another important factor to consider. The insider ownership of Leggett & Platt, Inc. is 2.18%, while institutional ownership is 78.32%. The most recent insider transaction that took place on Jun 06 ’24, was worth 46,957. In this transaction Executive Vice President – CFO of this company bought 3,850 shares at a rate of $12.20, taking the stock ownership to the 81,362 shares. Before that another transaction happened on Jun 05 ’24, when Company’s Director bought 10,000 for $12.06, making the entire transaction worth $120,649. This insider now owns 38,623 shares in total.
Leggett & Platt, Inc. (LEG) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.36 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.4) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -18.17% per share during the next fiscal year.
Leggett & Platt, Inc. (NYSE: LEG) Trading Performance Indicators
Check out the current performance indicators for Leggett & Platt, Inc. (LEG). In the past quarter, the stock posted a quick ratio of 0.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.35. Likewise, its price to free cash flow for the trailing twelve months is 5.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.95, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.28 in one year’s time.
Technical Analysis of Leggett & Platt, Inc. (LEG)
Looking closely at Leggett & Platt, Inc. (NYSE: LEG), its last 5-days average volume was 1.56 million, which is a drop from its year-to-date volume of 2.45 million. As of the previous 9 days, the stock’s Stochastic %D was 10.62%. Additionally, its Average True Range was 0.43.
During the past 100 days, Leggett & Platt, Inc.’s (LEG) raw stochastic average was set at 19.34%, which indicates a significant decrease from 22.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.72% in the past 14 days, which was lower than the 65.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.31, while its 200-day Moving Average is $17.51. However, in the short run, Leggett & Platt, Inc.’s stock first resistance to watch stands at $11.96. Second resistance stands at $12.20. The third major resistance level sits at $12.50. If the price goes on to break the first support level at $11.43, it is likely to go to the next support level at $11.13. Should the price break the second support level, the third support level stands at $10.89.
Leggett & Platt, Inc. (NYSE: LEG) Key Stats
There are currently 134,036K shares outstanding in the company with a market cap of 1.57 billion. Presently, the company’s annual sales total 4,725 M according to its annual income of -136,800 K. Last quarter, the company’s sales amounted to 1,129 M and its income totaled -602,200 K.
