LeGrand (OTCMKTS:LGRDY) Announces Quarterly Earnings Results, Hits Estimates

LeGrand (OTCMKTS:LGRDY) released its earnings results on Thursday. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33, Zacks reports. LeGrand had a return on equity of 17.74% and a net margin of 13.01%.

LeGrand Stock Performance

OTCMKTS:LGRDY traded down $0.99 during mid-day trading on Thursday, reaching $28.03. 387,760 shares of the stock were exchanged, compared to its average volume of 243,228. The company has a 50 day simple moving average of $30.83 and a 200-day simple moving average of $32.49. The stock has a market capitalization of $36.75 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.51 and a beta of 1.06. The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89. LeGrand has a 1 year low of $27.32 and a 1 year high of $37.91.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LGRDY shares. The Goldman Sachs Group raised shares of LeGrand from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. Barclays reaffirmed an “overweight” rating on shares of LeGrand in a research report on Monday, October 5th. Royal Bank Of Canada upgraded LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a report on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft raised LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About LeGrand

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.