Consensus Analyst Earnings Estimates: Leggett & Platt, Incorporated's (LEG)

Lloyd Doyle
April 25, 2018

Fortress Investment Group Llc sold 119,450 shares as the company's stock declined 1.06% with the market.

Viking Global Investors Lp increased Parsley Energy Inc (NYSE:PE) stake by 10.25M shares to 18.14M valued at $534.18M in 2017Q4. The stock decreased 0.78% or $0.23 during the last trading session, reaching $28.62. About 24.45 million shares traded. Leggett & Platt, Incorporated (NYSE:LEG) has declined 12.44% since April 24, 2017 and is downtrending. It has underperformed by 23.99% the S&P500.

Viking Global Investors Lp decreased Microsoft Corp (MSFT) stake by 12.22% reported in 2017Q4 SEC filing. The hedge fund run by John Osterweis held 30,630 shares of the basic industries company at the end of 2017Q4, valued at $3.32 million, down from 41,460 at the end of the previous reported quarter. Icon Advisers Inc who had been investing in Deluxe Corp. for a number of months, seems to be less bullish one the $3.59 billion market cap company. The stock decreased 0.17% or $0.15 during the last trading session, reaching $88.98. About 418,958 shares traded. Deluxe Corporation (NYSE:DLX) has risen 2.91% since April 22, 2017 and is uptrending. Zacks Investment Research upgraded shares of Leggett & Platt from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a report on Wednesday, January 10th. Therefore 70% are positive. Equities analysts anticipate that Leggett & Platt, Incorporated will post $2.63 earnings per share for the current fiscal year. The rating was downgraded by Hilliard Lyons to "Underperform" on Friday, July 29. Piper Jaffray initiated the stock with "Overweight" rating in Monday, June 5 report. On Thursday, February 15 ENLOE ROBERT TED III sold $265,074 worth of Leggett & Platt, Incorporated (NYSE:LEG) or 5,871 shares. On Friday, September 22 the stock rating was upgraded by SunTrust to "Buy". Hilliard Lyons upgraded Leggett & Platt, Incorporated (NYSE:LEG) on Friday, September 15 to "Buy" rating. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock now has a consensus rating of "Hold" and an average target price of $54.17.

In the profitability analysis, net profit margin of the firm was recorded at 7.40% and operating profit margin was calculated at 11.90% while gross profit margin was measured as 22.00%.

Speece Thorson Capital Group Inc, which manages about $408.00M and $503.32 million US Long portfolio, decreased its stake in C H Robinson Worldwide Inc (NASDAQ:CHRW) by 55,300 shares to 86,701 shares, valued at $7.72 million in 2017Q4, according to the filing. Tuttle Tactical Management Lc reported 7,147 shares or 0.42% of all its holdings. At the time of writing, Leggett & Platt, Incorporated (NYSE:LEG) has a 14-day Commodity Channel Index (CCI) of -168.5. After $0.96 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth. The firm has a market cap of $5,673.10, a price-to-earnings ratio of 17.44, a PEG ratio of 1.39 and a beta of 0.87.

First Community Bancshares Inc (FCBC) investors sentiment increased to 1.72 in Q4 2017. The company has a quick ratio of 1.22, a current ratio of 1.81 and a debt-to-equity ratio of 0.92. It improved, as 34 investors sold LEG shares while 128 reduced holdings. 58 funds opened positions while 137 raised stakes.

In other Leggett & Platt, news, Director Joseph W. Mcclanathan sold 5,715 shares of Leggett & Platt, stock in a transaction that occurred on Monday, May 1st. Credit Suisse Ag invested in 683,600 shares or 0.03% of the stock. The investment professionals in our database now possess: 6.76 million shares, up from 6.71 million shares in 2017Q3. Spectrum Mgmt Grp owns 21,065 shares.

TRADEMARK VIOLATION NOTICE: "Leggett & Platt (LEG) Expected to Announce Quarterly Sales of $1.04 Billion" was reported by The Lincolnian Online and is owned by of The Lincolnian Online. Roffman Miller Associate Incorporated Pa accumulated 388,699 shares or 4.1% of the stock. Oxbow Lc reported 33,328 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 6,335 shares. The average volume was noted at 1533.23K shares while its relative volume was seen at 0.73. Qs Investors Ltd Limited Liability Company owns 1,426 shares or 0% of their U.S. portfolio. The Shareholder Yield of Leggett & Platt, Incorporated (NYSE:LEG) is 0.046978. Clark Capital Mngmt holds 0.09% or 28,558 shares in its portfolio. $452,750 worth of Leggett & Platt, Incorporated (NYSE:LEG) was sold by DeSonier David M. Another trade for 250 shares valued at $11,620 was sold by TRENT TAMMY M.

The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". In the last ninety days, insiders sold 46,320 shares of company stock worth $2,477,652. GLASSMAN KARL G sold $474,100 worth of stock.

Analysts await Deluxe Corporation (NYSE:DLX) to report earnings on April, 26 before the open. They expect $0.85 EPS, up 16.44% or $0.12 from last year's $0.73 per share. Wedge Capital Management L Limited Partnership Nc reported 12,394 shares or 0.01% of all its holdings. Leggett & Platt has $66.0 highest and $45.0 lowest target. Therefore 0 are positive. Balchem had 3 analyst reports since March 8, 2016 according to SRatingsIntel. The stock of Kraton Corporation (NYSE:KRA) earned "Sell" rating by UBS on Tuesday, October 27. The firm earned "Buy" rating on Thursday, July 13 by Piper Jaffray. The rating was upgraded by Gabelli on Wednesday, February 7 to "Buy". On Thursday, October 26 the stock rating was maintained by SunTrust with "Buy".

Investors sentiment decreased to 1.06 in 2017 Q4. Its up 0.02, from 1.25 in 2017Q3. 613 are held by Meeder Asset. Glenmede Tru Company Na reported 64,432 shares stake. New York State Teachers Retirement reported 54,006 shares. Co National Bank & Trust invested in 0% or 4,350 shares. Trillium Asset Management Limited Liability Company has invested 1.92% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Thompson Rubinstein Investment Management Or holds 0.09% or 5,500 shares. It also reduced its holding in General Motors Co (NYSE:GM) by 15,149 shares in the quarter, leaving it with 15,585 shares, and cut its stake in Pnc Financial Services (NYSE:PNC). Comml Bank Of Montreal Can has 0% invested in Deluxe Corporation (NYSE:DLX) for 5,381 shares. Renaissance Technologies Limited Liability holds 726,400 shares or 0.04% of its portfolio. Plante Moran Fin Advsr Ltd Llc, Michigan-based fund reported 4,761 shares. Pub Sector Pension Inv Board holds 19,649 shares. Wealthtrust Axiom Ltd Liability Co holds 1.3% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 40,965 shares.

Contrarian Capital Management Llc, which manages about $4.20B and $1.02B US Long portfolio, upped its stake in Penn Va Corp New by 56,199 shares to 1.12M shares, valued at $43.73 million in 2017Q4, according to the filing. Looking back over the past month, shares have moved -2.91%.

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