Revenue Update on Leggett & Platt(NYSE:LEG)

Leggett & Platt(NYSE:LEG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $958.90M. Analysts estimated a revenue of $1.00B. Earnings per share were $0.66. Analysts had estimated an EPS of $0.62.

Leggett & Platt (LEG) made into the market gainers list on Thursdays trading session with the shares advancing 2.21% or 1.14 points. Due to strong positive momentum, the stock ended at $52.77, which is also near the day’s high of $52.8. The stock began the session at $51.8 and the volume stood at 9,30,487 shares. The 52-week high of the shares is $54.625 and the 52 week low is $36.64. The company has a current market capitalization of $7,088 M and it has 13,43,26,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Karl G Glassman (President & CEO) sold 22,580 shares at $50.07 per share price.Also, On Jun 6, 2016, Matthew C Flanigan (Executive Vice President – CFO) sold 20,000 shares at $51.01 per share price.On May 27, 2016, Dennis S Park (Senior Vice President) sold 2,000 shares at $49.51 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.

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