LeGrand (OTCMKTS:LGRDY) Announces Earnings Results, Meets Estimates

LeGrand (OTCMKTS:LGRDY) issued its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) 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%. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.02 billion.

LeGrand Stock Up 2.1%

LGRDY stock traded up $0.60 during mid-day trading on Friday, hitting $28.61. 323,855 shares of the company were exchanged, compared to its average volume of 242,374. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. LeGrand has a 1-year low of $27.32 and a 1-year high of $37.91. The firm’s 50 day simple moving average is $30.77 and its 200 day simple moving average is $32.49. The firm has a market cap of $37.51 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.62 and a beta of 1.06.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. 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 reissued an “overweight” rating on shares of LeGrand in a report on Friday, August 28th. Evercore upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. The Goldman Sachs Group upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Finally, Barclays reaffirmed an “overweight” rating on shares of LeGrand in a research note 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

LeGrand Company Profile

Legrand is a French specialist in electrical and digital building infrastructure. Its products and systems support the distribution, control and management of power and data in residential, commercial and industrial buildings.

The company’s offerings include wiring devices such as switches and outlets, cable management and electrical distribution equipment, building automation systems, and infrastructure for data centers. Legrand also provides connected solutions designed to help manage energy use, comfort and security.

Founded in Limoges, France, in 1865, Legrand has grown from its origins as a porcelain manufacturer into an international electrical and digital infrastructure group.