Leggett & Platt, Incorporated (NYSE:LEG) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, LEG is expected to report 2Q20 income of $ 0.07 per share from revenue of $ 919.93 million.
For the full year, analysts anticipate top line of $ 4181.62 million, while looking forward to income of $ 1.52 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
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Previous Quarter Performance
Leggett & Platt, Incorporated outlined income for the first quarter of $ 0.41 per share, from the revenue of $ 1,046.00 million. The quarterly earnings decreased 16.33 percent while revenues contracted 9.45 percent compared with the same quarter last year.
Street analysts expected Leggett & Platt, Incorporated to report income of $ 0.34 per share on revenue of $ 1092.93 million for the first quarter. The bottom line results beat street analysts by $ 0.07 or 20.59 percent, at the same time, top line results fell short of analysts by $ 46.93 million or 4.29 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LEG was $ 40.09, representing a 81.98 % increase from the 52 week low of $ 22.03 and a 27.66 % decrease over the 52 week high of $ 55.42.
The company has a market capital of $ 5.30 billion and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
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Recent Stock Dividend Announcement
On May 15, 2020, the board of directors authorized quarterly dividend of $ 0.40 per share to holders of record as of the close of business on June 15, 2020, with payment date of July 15, 2020 and ex-dividend date on June 12, 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.
