LeGrand (LGRDY) to Release Earnings on Thursday

LeGrand (OTCMKTS:LGRDY) will likely be issuing 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) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a return on equity of 16.89% and a net margin of 13.29%.The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.90 billion. On average, analysts expect LeGrand to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

LeGrand Trading Down 2.2%

OTCMKTS:LGRDY opened at $29.50 on Wednesday. LeGrand has a fifty-two week low of $28.73 and a fifty-two week high of $37.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. The stock has a market capitalization of $38.68 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. The business’s 50-day simple moving average is $32.86 and its 200-day simple moving average is $33.08.

Analyst Ratings Changes

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

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.