LeGrand (OTCMKTS:LGRDY) Issues Earnings Results

LeGrand (OTCMKTS:LGRDY) announced 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 net margin of 13.29% and a return on equity of 16.89%.

LeGrand Trading Down 0.9%

LGRDY traded down $0.26 during mid-day trading on Wednesday, hitting $29.24. 51,081 shares of the stock were exchanged, compared to its average volume of 157,250. The firm’s fifty day moving average is $32.86 and its two-hundred day moving average is $33.08. LeGrand has a 1-year low of $28.73 and a 1-year high of $37.91. The company has a market cap of $38.34 billion, a PE ratio of 26.58, a PEG ratio of 2.36 and a beta of 0.95. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81.

Analysts Set New Price Targets

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

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.