Stock Update - Leggett & Platt, Incorporated (NYSE:LEG)

Leggett & Platt, Incorporated (NYSE:LEG) shares closed the last trading session at 41.70. In the current trading session the stock reached as high as 41.46 and dipped down to 40.53. Leggett & Platt, Incorporated C, a NYQ listed company, has a current market cap of 5.57B and on average over the past 3 months has seen 1094110 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 45.06. Based on a recent trade, this puts the equity at -9.64% away from that average. In looking at the 200-day average, the stock is -12.79% away from that mark. In comparing the stock’s current level to its extended history, the stock is trading -20.59% away from its 52-week high of 51.28 and +24.75% away from the stock’s low point over the past 52 weeks, which was 32.64.

There are a number of sell-side research brokerages which cover the stock and offer projections on earnings and future stock movement. On a consensus basis, analysts have a one year target price of 47.00. The company has a trailing 12-month EPS of 1.53. The consensus analyst estimates according to First Call for the next quarter is 0.49. The current year EPS estimate on the stock is 2.08 and the EPS estimate for next year sits at 2.35.

The price to earnings ratio, or the valuation ratio of a company’s current share price compared to its per-share earnings sits at 26.67. This is an important indicator as a higher ratio typically suggests that investors are expecting higher future earnings growth compared to companies in the same industry with lower price to earnings ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 19.58. Potential shareholders looking further ahead, will note that the Price to next year’s EPS is 17.33.

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