Update shared on04 Aug 2025
Fair value Decreased 6.45%Despite higher consensus revenue growth forecasts for Leggett & Platt, a lower future P/E suggests diminished earnings expectations or valuation confidence, resulting in a reduced analyst price target from $10.33 to $9.67.
What's in the News
- Leggett & Platt plans to utilize proceeds from its Aerospace divestiture and operational cash flow to reduce net debt, while considering small strategic acquisitions and potential share repurchases.
- Full-year 2025 sales guidance has been lowered to $4.0–$4.3 billion with EPS guided to $0.88–$1.17, representing declines versus 2024.
- The company has been dropped from several major Russell indices, including the Russell 1000, Russell Midcap, and associated value indices, but added to the Russell 2000 and related value/dynamic indices.
- Leggett & Platt completed a previous $53.27 million repurchase of 1.12% of shares, with no additional shares repurchased in Q1 2025.
- Entered into a supply arrangement with Mattress Firm for the distribution and development of mattresses and bedding products, with expanded offerings available starting in late 2025 and 2026.
Valuation Changes
Summary of Valuation Changes for Leggett & Platt
- The Consensus Analyst Price Target has fallen from $10.33 to $9.67.
- The Consensus Revenue Growth forecasts for Leggett & Platt has significantly risen from 0.4% per annum to 1.0% per annum.
- The Future P/E for Leggett & Platt has fallen from 9.87x to 9.05x.
Disclaimer
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