On Friday, Leggett & Platt, Inc (NYSE: LEG) was -2.26% drop from the session before settling in for the closing price of $11.51. A 52-week range for LEG has been $10.11 – $27.58.
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A company in the Consumer Cyclical sector has jumped its sales by 2.65% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -24.82%. With a float of $131.42 million, this company’s outstanding shares have now reached $134.29 million.
In an organization with 19300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 16.76%, operating margin of 5.51%, and the pretax margin is -20.72%.
Leggett & Platt, Inc (LEG) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Leggett & Platt, Inc stocks. The insider ownership of Leggett & Platt, Inc is 2.14%, while institutional ownership is 75.98%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -24.82% per share during the next fiscal year.
Leggett & Platt, Inc (NYSE: LEG) Trading Performance Indicators
You can see what Leggett & Platt, Inc (LEG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.33. Likewise, its price to free cash flow for the trailing twelve months is 6.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.01, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 1.19 in one year’s time.
Technical Analysis of Leggett & Platt, Inc (LEG)
Let’s dig in a bit further. During the last 5-days, its volume was 2.71 million. That was better than the volume of 2.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 8.33%. Additionally, its Average True Range was 0.51.
During the past 100 days, Leggett & Platt, Inc’s (LEG) raw stochastic average was set at 5.99%, which indicates a significant increase from 4.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.29% in the past 14 days, which was higher than the 41.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.33, while its 200-day Moving Average is $13.67. However, in the short run, Leggett & Platt, Inc’s stock first resistance to watch stands at $11.44. Second resistance stands at $11.62. The third major resistance level sits at $11.76. If the price goes on to break the first support level at $11.11, it is likely to go to the next support level at $10.97. Assuming the price breaks the second support level, the third support level stands at $10.79.
Leggett & Platt, Inc (NYSE: LEG) Key Stats
There are 134,295K outstanding shares of the company, which has a market capitalization of 1.48 billion. As of now, sales total 4,725 M while income totals -136,800 K. Its latest quarter income was 1,102 M while its last quarter net income were 44,900 K.
