LeGrand (OTCMKTS:LGRDY) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

LeGrand (OTCMKTS:LGRDY) announced its earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Zacks reports. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. LeGrand had a return on equity of 16.05% and a net margin of 16.71%.

LeGrand Price Performance

Shares of LGRDY traded up $0.16 on Friday, reaching $35.47. 48,581 shares of the company’s stock traded hands, compared to its average volume of 81,374. The stock’s 50 day simple moving average is $30.53 and its two-hundred day simple moving average is $31.27. LeGrand has a 52-week low of $18.85 and a 52-week high of $36.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22.

Wall Street Analysts Forecast Growth

LGRDY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of LeGrand in a research note on Tuesday, January 6th. The Goldman Sachs Group lowered shares of LeGrand from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Barclays reiterated an “overweight” rating on shares of LeGrand in a research report on Wednesday, December 3rd. Zacks Research downgraded LeGrand from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, UBS Group upgraded LeGrand to a “hold” rating in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.