LeGrand (OTCMKTS:LGRDY) Releases Earnings Results

LeGrand (OTCMKTS:LGRDY) posted its earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04), Zacks reports. LeGrand had a return on equity of 16.89% and a net margin of 13.29%.

LeGrand Price Performance

Shares of LeGrand stock traded down $0.11 during trading hours on Wednesday, reaching $29.39. 42,339 shares of the company’s stock were exchanged, compared to its average volume of 157,126. The business has a fifty day moving average of $32.86 and a two-hundred day moving average of $33.08. The company has a quick ratio of 1.39, a current ratio of 1.96 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $38.54 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. LeGrand has a 1 year low of $28.73 and a 1 year high of $37.91.

Analysts Set New Price Targets

A number of analysts have recently commented on LGRDY shares. Zacks Research cut LeGrand from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Citigroup reiterated a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Barclays upgraded shares of LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Finally, Evercore raised shares of LeGrand to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About LeGrand

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.