LeGrand (LGRDY) Projected to Announce Earnings on Thursday

LeGrand (OTCMKTS:LGRDY) will likely be issuing its results before the market opens on Thursday, November 5th. Analysts expect LeGrand to announce earnings of $0.3251 per share and revenue of $3.02 billion for the quarter.

LeGrand Price Performance

Shares of OTCMKTS:LGRDY opened at $29.85 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. The business’s fifty day moving average price is $30.97 and its two-hundred day moving average price is $32.50. The stock has a market cap of $39.14 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. LeGrand has a one year low of $27.32 and a one year high of $37.91.

Analyst Upgrades and Downgrades

LGRDY has been the subject of a number of recent research reports. Zacks Research upgraded LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. Deutsche Bank Aktiengesellschaft raised shares of LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday, September 2nd. Finally, Evercore upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.