Home Sectors Consumer Cyclical Love or Hate: Leggett And Platt (NYSE: LEG)

Love or Hate: Leggett And Platt (NYSE: LEG)

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Leggett And Platt trades as part of the consumer cyclical sector and is in the manufacturing apparel and furniture industry. The company CEO is Karl G. Glassman. Leggett and Platt Inc is a manufacturer that conceives designs and produces engineered components and products found in homes, offices, retail stores, automobiles and commercial aircraft.

Previous Intraday Trading Performance:

The LEG stock showed a previous change of -0.75% with an open at 43.71 and a close of 43.45. It reached an intraday high of 44.16 and a low of 43.06.

SeekingAlpha:  Bert’s January Dividend Income Summary

Liquidity:

The stock has a market cap of $5.7b with 130.5m shares outstanding, of which the float is 126.2m shares. Trading volume reached 924,629 shares compared to its average volume of 1,201,329 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Leggett And Platt shares returned 6.26% and in the past 30 trading days it returned 20.53%. Over three months, it changed 27.38%. In one year it has changed -5.56% and within that year its 52-week high was 47.44 and its 52-week low was 33.48. LEG stock is 29.78% above its 52 Week Low.

Our calculations show a 200 day moving average of 40.94 and a 50 day moving average of 38.42. Currently LEG stock is trading 6.12% above its 200 day moving average.

SeekingAlpha:  Bert’s January Dividend Income Summary

Earnings:

The last annual fiscal EPS for the company was reported at 2.13 that ended on 31st of December 2017, which according to the previous close, that is a PE of 20.40. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.57. The TTM EPS is 2.49, which comes to a TTM PE of 17.45. Historically, the PE high was 75.40 and the PE low was 15.40. If the stock reached its PE low, that would represent a price of 38.35, which is a decrease of -11.75%.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.62
09-30-2018:  0.67
06-30-2018:  0.63
03-31-2018:  0.57

The dividend per share is currently 1.52, which is a dividend yield of 3.50%.

Base on our calculations, the intrinsic value per share is 44.89, which means it is possibly undervalued and has a margin of safety of 3.20%

Indicators to Watch:

Based on the latest filings, there is 119.70% of institutional ownership. Short-interest is 10,339,293, which is 7.92% of shares outstanding. The short-interest ratio or days-to-cover ratio is 7.63. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.07

CNBC:  Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 24.74%, return on assets is 8.42%, profit margin is 7.85%, price-to-sales is 1.77 and price-to-book is 4.87.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 2  :Past Performance Score
 4  :Financial Strength Score
 2  :Future Growth Score
 5  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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