LeGrand (OTCMKTS:LGRDY) Issues Quarterly Earnings Results

LeGrand (OTCMKTS:LGRDY) posted its quarterly earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.05), Zacks reports. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.62 billion. LeGrand had a return on equity of 16.27% and a net margin of 16.71%.

LeGrand Trading Up 1.5%

Shares of OTCMKTS:LGRDY traded up $0.44 during trading on Friday, hitting $30.21. The company had a trading volume of 58,525 shares, compared to its average volume of 54,252. The stock has a market cap of $39.88 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 1.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.45. The company has a fifty day simple moving average of $33.00 and a two-hundred day simple moving average of $28.68. LeGrand has a one year low of $18.85 and a one year high of $34.83.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LGRDY shares. Jefferies Financial Group upgraded shares of LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft cut LeGrand from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of LeGrand in a research report on Monday, August 4th. Finally, Kepler Capital Markets downgraded LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

LeGrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.