Leggett & Platt (LEG) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.63 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.55. The company posted revenue of $938.40 million in the period, compared to analysts expectations of $960.47 million. The company’s revenue was down -2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Leggett & Platt opened for trading at $48.825 and hit $48.87 on the upside on Wednesday, eventually ending the session at $48.59, with a gain of 0.14% or 0.07 points. The heightened volatility saw the trading volume jump to 7,17,598 shares. Company has a market cap of $6,593 M.
In a different news, on Mar 22, 2016, Karl G Glassman (President & CEO) sold 15,000 shares at $48.13 per share price. According to the SEC, on Mar 22, 2016, Jack D Crusa (Senior Vice President) sold 10,000 shares at $48.16 per share price. On Mar 21, 2016, David M Desonier (SVP-Strategy&InvestorRelations) sold 7,648 shares at $47.90 per share price, according to the Form-4 filing with the securities and exchange commission.
Leggett & Platt Incorporated is a manufacturer that conceives designs and produces a range of engineered components and products found in homes offices automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment which include work furniture group that designs manufactures and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group which operates a steel rod mill and tubing group which supplies welded steel tubing and Specialized Products segment designs manufactures and sells products including automotive seating components specialized machinery and equipment and service van interiors. Its brands include Semi-Flex ComfortCore Mira-Coil Lura-Flex Superlastic Super Sagless Tack & Jump Schukra Gribetz Masterack and Hanes among others.