LeGrand (OTCMKTS:LGRDY – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33, Zacks reports. LeGrand had a net margin of 13.01% and a return on equity of 17.74%.
LeGrand Stock Performance
Shares of LGRDY stock traded down $0.99 during mid-day trading on Thursday, hitting $28.03. The stock had a trading volume of 387,760 shares, compared to its average volume of 243,228. The firm has a market cap of $36.75 billion, a PE ratio of 25.02, a PEG ratio of 1.51 and a beta of 1.06. The company’s 50-day simple moving average is $30.83 and its 200-day simple moving average is $32.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.58 and a quick ratio of 1.12. LeGrand has a fifty-two week low of $27.32 and a fifty-two week high of $37.91.
Wall Street Analyst Weigh In
LGRDY has been the topic of several research reports. Zacks Research raised shares of LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of LeGrand in a report on Friday, August 28th. Royal Bank Of Canada raised shares of LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday, September 2nd. Finally, Barclays reissued an “overweight” rating on shares of LeGrand in a report on Monday, October 5th. 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 stock. According to data from MarketBeat.com, LeGrand has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on LGRDY
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.
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