LeGrand (LGRDY) Expected to Announce Quarterly Earnings on Thursday

LeGrand (OTCMKTS:LGRDY) is projected to post its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.3250 per share and revenue of $3.02 billion for the quarter.

LeGrand Trading Up 2.2%

LGRDY traded up $0.65 during trading on Tuesday, reaching $30.07. The company had a trading volume of 20,122 shares, compared to its average volume of 157,857. The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89. The business has a 50 day simple moving average of $30.99 and a 200-day simple moving average of $32.50. The stock has a market cap of $39.43 billion, a P/E ratio of 25.92, a PEG ratio of 1.63 and a beta of 0.99. LeGrand has a 52 week low of $27.32 and a 52 week high of $37.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LGRDY shares. The Goldman Sachs Group upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. Evercore raised shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Zacks Research raised shares of LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Barclays reiterated an “overweight” rating on shares of LeGrand in a report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft raised LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

LeGrand Company Profile

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.