LeGrand (LGRDY) Projected to Post Earnings on Thursday

LeGrand (OTCMKTS:LGRDY) is expected to be posting its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.3583 per share and revenue of $3.1758 billion for the quarter.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.90 billion. LeGrand had a return on equity of 16.89% and a net margin of 13.29%. On average, analysts expect LeGrand to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

LeGrand Price Performance

LGRDY opened at $31.24 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96. The stock has a market capitalization of $40.96 billion, a P/E ratio of 28.40, a P/E/G ratio of 2.45 and a beta of 0.95. The company’s 50-day simple moving average is $33.25 and its two-hundred day simple moving average is $33.08. LeGrand has a 52-week low of $28.73 and a 52-week high of $37.91.

Wall Street Analyst Weigh In

LGRDY has been the subject of several research reports. Evercore raised shares of LeGrand to a “hold” rating in a report on Monday, April 13th. Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of LeGrand in a research report on Tuesday, June 23rd. Zacks Research lowered shares of LeGrand from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Barclays raised LeGrand from an “overweight” rating to an “overweight” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

LeGrand Company Profile

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.