Leggett & Platt, Inc. (LEG)
Leggett & Platt: Financial Improvements, New Cash Coming, And Quite Cheap
Leggett & Platt appears undervalued, trading at 9.8x GAAP FWD earnings and 6.7x 2029 EPS, making it a potential buy. Significant reorganization efforts, including Hydraulic Cylinders and G&A initiatives, are expected to enhance EBIT margins and free cash flow in 2025. Anticipated cash from real estate sales and potential Aerospace Group sale could improve the balance sheet and stock valuation.
Leggett & Platt, Incorporated (LEG) Q4 2024 Earnings Call Transcript
Leggett & Platt, Incorporated (NYSE:LEG ) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Cassie Branscum - VP, IR Karl Glassman - CEO Ben Burns - CFO Tyson Hagale - President, Bedding Products Sam Smith - President, Specialized Products and Furniture, Flooring & Textile Products Conference Call Participants Susan Maklari - Goldman Sachs Bobby Griffin - Raymond James Keith Hughes - Truist Securities Peter Keith - Piper Sandler Operator Greetings, and welcome to the Leggett & Platt Fourth-Quarter 2024 Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode.
Leggett Q4 Earnings Match Estimates, Revenues Beat, Both Fall Y/Y
LEG's fourth-quarter 2024 results reflect soft demand trends in residential end markets and headwinds in Automotive business due to ongoing economic challenges.
Is Leggett & Platt (LEG) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here's What Key Metrics Tell Us About Legget & Platt (LEG) Q4 Earnings
Although the revenue and EPS for Legget & Platt (LEG) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Legget & Platt (LEG) Matches Q4 Earnings Estimates
Legget & Platt (LEG) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.
Leggett Gears Up for Q4 Earnings: Here's What to Expect From the Stock
LEG's fourth-quarter fiscal 2024 performance is expected to have been hurt by soft demand in most of the markets served.
Unlocking Q4 Potential of Legget & Platt (LEG): Exploring Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Legget & Platt (LEG) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Should Value Investors Buy Leggett & Platt (LEG) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Should Value Investors Buy Leggett & Platt (LEG) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Leggett: A Long-Term Player That's Also Relatively Inexpensive
Leggett & Platt's vertical integration and restructuring plans are expected to enhance operating margins and free cash flow growth, making the stock undervalued at $9-$10. The company's stock repurchase program at $20 per share indicates confidence in its valuation, suggesting significant upside potential from the current price. Potential sale of the Aerospace segment could inject cash, reduce net debt, and improve overall valuation, further supporting the bullish outlook.
Why Is Legget & Platt (LEG) Down 1.3% Since Last Earnings Report?
Legget & Platt (LEG) reported earnings 30 days ago. What's next for the stock?
