
LEG Stock Forecast & Price Target
LEG Analyst Ratings
Bulls say
Leggett & Platt Inc. has demonstrated a positive financial trajectory, with Adjusted EBITDA margins increasing by 210 basis points to 9.9%, largely driven by restructuring savings. The company's bedding sales reported a sequential improvement of 3% in the second quarter, indicating robust demand and an optimistic outlook, as management reaffirmed revenue projections and highlighted impressive category-specific gains within the Bedding segment. Additionally, a notable reduction in the net leverage ratio to 2.6x from 3.8x over the past year further underscores Leggett & Platt's enhanced financial stability and capacity for long-term growth driven by an enticing innovation pipeline.
Bears say
Leggett & Platt Inc has encountered significant challenges, particularly in its Bedding Products segment, which experienced a 10% year-over-year sales decline primarily due to a 13% drop in volumes, exacerbated by ongoing retailer merchandising changes affecting key customers. The Specialized Products segment also reported a 7% decline in revenues, driven by weakened Steel Rod sales and overall volume decreases, indicating broader struggles within the company. Consequently, the outlook for earnings per share has been revised downward for both 2025 and 2026, reflecting a cautious view on the company's ability to recover amidst ongoing market pressures.
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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