LeGrand (LGRDY) Expected to Post Earnings on Thursday

LeGrand (OTCMKTS:LGRDY – Get Free Report) is anticipated to release its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.3583 per share and revenue of $3.1758 billion for the quarter.

LeGrand (OTCMKTS:LGRDY – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. LeGrand had a return on equity of 16.89% and a net margin of 13.29%. On average, analysts expect LeGrand to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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LeGrand Stock Performance

OTCMKTS LGRDY opened at $30.17 on Tuesday. The business has a 50-day moving average price of $32.94 and a 200-day moving average price of $33.08. The company has a quick ratio of 1.39, a current ratio of 1.96 and a debt-to-equity ratio of 0.81. LeGrand has a twelve month low of $28.73 and a twelve month high of $37.91. The firm has a market cap of $39.56 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.38 and a beta of 0.95.

Analysts Set New Price Targets

LGRDY has been the subject of several research reports. Evercore upgraded shares of LeGrand to a “hold” rating in a research report on Monday, April 13th. Zacks Research downgraded LeGrand from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a report on Tuesday, June 23rd. Barclays upgraded LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. Finally, Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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LeGrand Company Profile

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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.

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