Leggett & Platt Inc (NYSE: LEG) has reported E.P.S. of $-4.39 for its second fiscal quarter (ending June 30) versus $0.40 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-5.95 versus $1.71 for the same period a year ago.
Recent Price Action
On 8/1/24, Leggett & Platt Inc (NYSE: LEG) stock declined by -2.3%, closing at $12.87. However, trading volume in this decline was below average at 76% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 4.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LEG is expected to continue to be an important Value Builder.
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 inconsistent signals. Leggett & Platt has a neutral Appreciation Score of 52 but a very low Power Rating of 3, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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