Leggett & Platt, Incorporated (NYSE:LEG) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LEG to report 3Q20 income of $ 0.71 per share.
For the full year, analysts anticipate top line of $ 4330.23 million, while looking forward to income of $ 1.95 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,700.00 million ~ $ 4,900.00 million, where as bottomline are predicted in a range of $ 2.40 ~ $ 2.60 per share
Click Here For More Historical Outlooks Of Leggett & Platt, Incorporated
Previous Quarter Performance
Leggett & Platt, Incorporated outlined income for the second quarter of $ 0.16 per share, from the revenue of $ 845.10 million. The quarterly earnings contracted 75.00 percent while revenues down 30.34 percent compared with the same quarter last year.
According to street consensus, LEG was expected to report 2Q20 income of $ 0.07 per share from revenue of $ 919.93 million. The bottom line results beat street analysts by $ 0.09 or 128.57 percent, at the same time, top line results fell short of analysts by $ 74.83 million or 8.13 percent.
Stock Performance
On Friday, shares of Leggett & Platt, Incorporated has traded high as $ 42.18 and has cracked $ 41.05 on the downward trend, reaching $ 41.73 with volume of 4.07 million shares.
According to the previous trading day, closing price of $ 41.73, representing a 88.20 % increase from the 52 week low of $ 22.03 and a 25.19 % decrease over the 52 week high of $ 55.42.
The company has a market capital of $ 5.52 billion and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.40 per share on August 3, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components.
