Leggett & Platt Inc (NYSE: LEG) has reported E.P.S. of $0.33 for its third fiscal quarter (ending September 30) versus $0.39 for the same period a year ago — a decline of -15%. For the latest four quarters through September 30, E.P.S. were $-6.01 versus $1.57 for the same period a year ago — a decline of -483%.
Recent Price Action
Leggett & Platt Inc (NYSE: LEG) stock was unchanged 0.0% on 10/28/24. The shares closed at $12.17. Moreover, this flat performance was accompanied by above average trading volume at 130% of normal. The stock has declined -10.3% during the last week and has been extremely weak relative to the market over the last nine months.
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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Leggett & Platt has a neutral Appreciation Score of 58 but a poor Power Rating of 24, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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