Legrand (OTCMKTS:LGRDY) Hits New 1-Year High – Time to Buy?

Shares of Legrand SA (OTCMKTS:LGRDY) hit a new 52-week high during trading on Wednesday . The company traded as high as $25.16 and last traded at $25.09, with a volume of 67813 shares changing hands. The stock had previously closed at $24.81.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded shares of Legrand from a “strong sell” rating to a “hold” rating in a research report on Monday, February 24th.

Legrand Stock Up 1.1%

The company has a market cap of $33.12 billion, a PE ratio of 26.19, a P/E/G ratio of 5.98 and a beta of 0.81. The company’s 50 day moving average is $22.71 and its 200 day moving average is $21.50. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68.

Legrand (OTCMKTS:LGRDY) last issued its earnings results on Wednesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Legrand had a return on equity of 16.63% and a net margin of 13.48%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.26 billion. As a group, analysts predict that Legrand SA will post 1.08 earnings per share for the current fiscal year.

Legrand Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th will be issued a $0.3264 dividend. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, May 28th. Legrand’s dividend payout ratio is currently 30.21%.

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.