LeGrand (OTCMKTS:LGRDY) Releases Earnings Results, Meets Expectations

LeGrand (OTCMKTS:LGRDY) announced its quarterly earnings data on Thursday. The company reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33, Zacks reports. LeGrand had a net margin of 13.01% and a return on equity of 17.74%.

LeGrand Stock Down 3.4%

Shares of OTCMKTS:LGRDY traded down $0.99 during trading on Thursday, hitting $28.03. 387,760 shares of the company were exchanged, compared to its average volume of 243,228. The firm’s 50 day moving average price is $30.83 and its 200-day moving average price is $32.49. LeGrand has a 12-month low of $27.32 and a 12-month high of $37.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.58 and a quick ratio of 1.12. The stock has a market capitalization of $36.75 billion, a P/E ratio of 24.16, a PEG ratio of 1.51 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several research firms recently commented on LGRDY. Barclays reissued an “overweight” rating on shares of LeGrand in a report on Monday, October 5th. Royal Bank Of Canada raised LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group raised LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a report on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average 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.