Leggett & Platt Inc (NYSE: LEG) has reported E.P.S. of $0.23 for its first fiscal quarter (ending March 31) versus $0.39 for the same period a year ago — a decline of -41%. Relative to the consensus estimate of $0.29, this was a shortfall of $-0.06. E.P.S. were $-1.16 for the latest four quarters through March 31 versus $2.01 for the same period a year ago — a decline of -158%.
Recent Price Action
On 4/30/24, Leggett & Platt Inc (NYSE: LEG) stock declined modestly by -1.4%, closing at $18.07. Moreover, trading volume in this decline was above average at 130% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -1.0% during the last week.
Current PriceTarget Research Rating
LEG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Leggett & Platt has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Leggett & Platt has a slightly negative Appreciation Score of 32 and a very low Power Rating of 10, triggering the Lowest Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
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