
LEG Stock Forecast & Price Target
LEG Analyst Ratings
Bulls say
Leggett & Platt has demonstrated a positive trajectory in its financial performance, highlighted by a 210 basis point increase in adjusted EBITDA margin to 9.9%, supported by successful restructuring initiatives. The company's sales in the Bedding segment showed a sequential improvement of 3% in the second quarter, indicating a strengthening demand despite soft conditions in the residential end-market. Moreover, Leggett & Platt’s net leverage ratio decreased to 2.6x, a notable improvement from 3.8x the previous year, reflecting enhanced financial stability and positioning for long-term growth through an innovative product pipeline.
Bears say
Leggett & Platt has reported significant declines in its Bedding Products segment, with sales down 10% year-over-year, including a 13% drop in volumes, primarily attributed to ongoing issues with two major customers affecting adjustable beds and specialty foam. Additionally, the Specialized Products segment experienced a 7% revenue decline year-over-year, driven by a 20% drop in Steel Rod volumes, while automotive-related revenues also saw a decrease in volume. As a result, the company's earnings per share estimates have been revised downward for both 2025 and 2026, highlighting the ongoing challenges faced by the business.
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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