
LEG Stock Forecast & Price Target
LEG Analyst Ratings
Bulls say
Leggett & Platt Inc. demonstrated a notable improvement in its financial performance, with an Adjusted EBITDA margin increase of 210 basis points to 9.9%, aided by restructuring savings. The company reported a 3% sequential increase in bedding sales during the second quarter, showcasing strong demand and momentum within the Bedding segment despite broader market challenges. Additionally, Leggett & Platt's net leverage ratio improved significantly to 2.6x, highlighting the company's enhanced financial health and positioning for future growth driven by a robust innovation pipeline.
Bears say
Leggett & Platt Inc is experiencing significant challenges, particularly within its key Bedding Products segment, which saw a 10% year-over-year sales decline, primarily due to volume reductions of 13% and notable weaknesses in Adjustable and Specialty Foam product lines. The Specialized Products segment also reported a 7% year-over-year revenue drop, influenced by a 20% volume decline in Steel Rods amidst tough year-ago comparisons and ongoing customer-specific volume decreases. Additionally, the company has revised its earnings per share estimates downward for both 2025 and 2026, reflecting a sustained negative outlook driven by weak demand and structural issues within critical product categories.
This aggregate rating is based on analysts' research of Leggett & Platt and is not a guaranteed prediction by Public.com or investment advice.
LEG Analyst Forecast & Price Prediction
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