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CARTHAGE, Mo. - Diversified manufacturer Leggett & Platt (NYSE:LEG) announced Thursday that its Board of Directors has declared a quarterly dividend of $.05 per share for the third quarter of 2025.
The dividend will be paid on October 15, 2025, to shareholders of record as of September 15, 2025, according to a company press release. With a market capitalization of $1.16 billion and a P/E ratio of 8.4, InvestingPro analysis suggests the stock is currently undervalued relative to its Fair Value.
Leggett & Platt, a 142-year-old company, manufactures engineered components and products for homes and automobiles. The company serves as a supplier of bedding components, automotive seat systems, furniture components, geo components, flooring underlayment, hydraulic cylinders, and aerospace tubing.
The company trades on the New York Stock Exchange under the ticker symbol LEG.
In other recent news, Leggett & Platt reported its second-quarter earnings for 2025, with an earnings per share (EPS) of $0.30, which met market expectations. The company’s revenue reached $1.1 billion, exceeding the forecast of $1.06 billion. Despite the revenue beat, the stock experienced a decline, reflecting investor concerns over market conditions and future guidance. Truist Securities lowered its price target for Leggett & Platt to $10.00 from $11.00, maintaining a Hold rating, citing the company’s earnings report as "roughly in-line with the Street." Piper Sandler also reduced its price target to $9.00 from $10.00, maintaining a Neutral rating, following a slight miss in the company’s Q2 performance. Leggett & Platt reiterated its guidance for 2025, even as it faced worsening volume trends in the bedding and furniture components sector. These developments highlight the company’s challenges amidst broader industry improvements.
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