Leggett & Platt (LEG) Stock Surges Over 5% Amid Strong Financial Performance

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Jan 13, 2025
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Leggett & Platt Inc. (LEG, Financial) experienced a significant stock price increase of 5.06%, reaching $10.18 per share. The trading volume stood at 763,933 shares with a turnover rate of 0.57% and a price fluctuation of 5.84%.

Recent financial reports indicate that LEG achieved a revenue of $1.102 billion and a net profit of $44.90 million, with earnings per share (EPS) at $0.33. The company's gross profit was reported at $195 million, while the price-to-earnings (P/E) ratio was -1.69. Among the five institutions that rated the stock, all recommended holding, with none suggesting buying or selling.

Within the home appliances and furniture sector, where LEG is categorized, the overall increase was 0.67%. Other notable performers in this sector included Lifestyle Brands Furniture, LEG, and Fgi Industries Ltd., which saw significant gains. Active stocks in the sector included Irobot Corporation, The Lovesac Company, and Whirlpool, with turnover rates of 7.61%, 1.22%, and 1.08%, respectively. Stocks with notable price fluctuations included Nova Furniture, Irobot Corporation, and Fgi Industries Ltd., with fluctuations of 12.37%, 11.48%, and 10.82%, respectively.

Leggett & Platt Inc. designs and manufactures engineered components and products for homes and automobiles, with business segments in bedding, specialty products, and furniture, flooring, and textile products. Their offerings include bedding components, automotive seating support, specialty bedding foam, private label finished mattresses, home and office furniture components, flooring underlay, adjustable beds, and a variety of other products.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.