LeGrand (OTCMKTS:LGRDY) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

LeGrand (OTCMKTS:LGRDY) posted its earnings results on Thursday. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Zacks reports. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. LeGrand had a return on equity of 16.05% and a net margin of 16.71%.

LeGrand Price Performance

OTCMKTS LGRDY traded up $0.13 during mid-day trading on Friday, hitting $35.44. The company’s stock had a trading volume of 52,491 shares, compared to its average volume of 81,480. The company has a current ratio of 2.22, a quick ratio of 1.69 and a debt-to-equity ratio of 0.78. LeGrand has a 52-week low of $18.85 and a 52-week high of $36.92. The stock’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $31.27.

Analyst Upgrades and Downgrades

LGRDY has been the topic of several recent research reports. Kepler Capital Markets upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. UBS Group upgraded shares of LeGrand to a “hold” rating in a research report on Tuesday, December 16th. Barclays restated an “overweight” rating on shares of LeGrand in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research report on Tuesday, January 6th. Finally, The Goldman Sachs Group downgraded LeGrand from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, LeGrand currently has an average rating of “Moderate Buy”.

About LeGrand

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.