EPS for Leggett & Platt, Inc. (LEG) Expected At $0.63

October 12, 2017 - By Maria Brooks

 EPS for Leggett & Platt, Inc. (LEG) Expected At $0.63
Investors sentiment decreased to 1.11 in Q2 2017. Its down 0.23, from 1.34 in 2017Q1. It is negative, as 28 investors sold Leggett & Platt, Inc. shares while 147 reduced holdings. 53 funds opened positions while 141 raised stakes. 89.97 million shares or 3.59% less from 93.32 million shares in 2017Q1 were reported.
Greenwich Wealth Mgmt Ltd Liability has 4,688 shares. State Of Wisconsin Board stated it has 0.02% of its portfolio in Leggett & Platt, Inc. (NYSE:LEG). San Francisco Sentry (Ca) stated it has 3,845 shares. Fincl Bank Of Mellon Corp holds 1.43M shares or 0.02% of its portfolio. Evercore Wealth Management Limited Liability reported 202 shares. Gam Ag holds 0.01% of its portfolio in Leggett & Platt, Inc. (NYSE:LEG) for 9,990 shares. Norinchukin Bank & Trust The reported 11,982 shares stake. Counselors Incorporated reported 124,075 shares stake. Sei Invs Com has invested 0.01% of its portfolio in Leggett & Platt, Inc. (NYSE:LEG). Tudor Investment Corporation Et Al holds 0.01% or 6,078 shares. Silvercrest Asset Grp Ltd Liability Corporation reported 0% of its portfolio in Leggett & Platt, Inc. (NYSE:LEG). Alexandria Cap Limited Liability Corp stated it has 0% of its portfolio in Leggett & Platt, Inc. (NYSE:LEG). Sun Life holds 968 shares. Robeco Institutional Asset Management Bv owns 324,487 shares. Livingston Group Asset Management (Operating As Southport Capital Management) holds 0.33% or 14,450 shares.

Since May 1, 2017, it had 0 buys, and 5 selling transactions for $2.48 million activity. On Wednesday, May 3 Douglas Scott S sold $266,300 worth of Leggett & Platt, Inc. (NYSE:LEG) or 5,000 shares. FLANIGAN MATTHEW C also sold $659,301 worth of Leggett & Platt, Inc. (NYSE:LEG) shares. 5,715 shares were sold by MCCLANATHAN JOSEPH W, worth $302,399 on Monday, May 1. $535,514 worth of stock was sold by ODOM JUDY C on Monday, May 8. $714,170 worth of Leggett & Platt, Inc. (NYSE:LEG) was sold by GLASSMAN KARL G.

Investors wait Leggett & Platt, Inc. (NYSE:LEG) to report on October, 26 after the close. its quarterly earnings Wall Street analysts expect $0.63 earnings per share, down $0.04 or 5.97 % from last year’s $0.67 same quarter earnings. This translates into $83.28M profit for LEG giving the stock a 19.18 P/E. This is assuming the current $0.63 EPS is accurate. Leggett & Platt, Inc.’s Wall Street analysts see -1.56 % negative EPS growth, taking into account the $0.64 EPS reproted in the previous quarter, About 1.42 million shares traded or 45.14% up from the average. Leggett & Platt, Inc. (NYSE:LEG) has risen 4.35% since October 13, 2016 and is uptrending. It has underperformed by 12.35% the S&P500.

Leggett & Platt, Inc. (NYSE:LEG) Ratings Coverage

Among 10 analysts covering Leggett & Platt (NYSE:LEG), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Leggett & Platt had 18 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Leggett & Platt, Inc. (NYSE:LEG) earned “Hold” rating by Stifel Nicolaus on Wednesday, September 6. The firm earned “Buy” rating on Friday, September 22 by SunTrust. The stock of Leggett & Platt, Inc. (NYSE:LEG) earned “Hold” rating by Stifel Nicolaus on Friday, July 28. The firm earned “Buy” rating on Friday, September 22 by Suntrust Robinson. Piper Jaffray initiated it with “Overweight” rating and $59 target in Monday, June 5 report. The firm has “Underperform” rating by Hilliard Lyons given on Friday, July 29. The rating was upgraded by Hilliard Lyons on Friday, September 15 to “Buy”. The stock has “Buy” rating by Zacks on Wednesday, August 5. The company was maintained on Monday, August 14 by Piper Jaffray. The stock has “Buy” rating by Piper Jaffray on Thursday, September 7.

Leggett & Platt, Incorporated is a manufacturer that conceives, creates and produces a range of engineered components and products found in homes, offices and automobiles. The company has market cap of $6.39 billion. The Firm operates in four divisions: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. It has a 18.96 P/E ratio.

More recent Leggett & Platt, Inc. (NYSE:LEG) news were published by: Seekingalpha.com which released: “Margin Pressures Weigh On Leggett & Platt” on August 08, 2017. Also Seekingalpha.com published the news titled: “Leggett & Platt – A Solid Dividend Buy” on September 07, 2017. Barrons.com‘s news article titled: “Leggett & Platt Stock at an Entry Point” with publication date: September 15, 2017 was also an interesting one.

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