LeGrand (OTCMKTS:LGRDY) Posts Earnings Results, Misses Estimates By $0.05 EPS

LeGrand (OTCMKTS:LGRDY) released its quarterly earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.05), Zacks reports. LeGrand had a return on equity of 16.31% and a net margin of 17.13%.The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.62 billion.

LeGrand Trading Up 1.5%

Shares of LGRDY stock traded up $0.44 during mid-day trading on Friday, reaching $30.21. The stock had a trading volume of 58,525 shares, compared to its average volume of 135,223. The firm has a market capitalization of $39.88 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 2.15 and a beta of 0.82. The stock’s 50-day moving average price is $33.00 and its two-hundred day moving average price is $28.62. The company has a current ratio of 1.94, a quick ratio of 1.45 and a debt-to-equity ratio of 0.63. LeGrand has a 52-week low of $18.85 and a 52-week high of $34.83.

Analysts Set New Price Targets

Several research firms recently commented on LGRDY. Deutsche Bank Aktiengesellschaft cut LeGrand from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group upgraded LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Kepler Capital Markets lowered LeGrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of LeGrand in a research note on Monday, August 4th. Finally, Citigroup reiterated a “buy” rating on shares of LeGrand in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

LeGrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.