LeGrand (OTCMKTS:LGRDY) Announces Quarterly Earnings Results

LeGrand (OTCMKTS:LGRDY) posted its earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04), Zacks reports. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.18 billion. LeGrand had a net margin of 13.01% and a return on equity of 17.83%.

LeGrand Price Performance

OTCMKTS:LGRDY opened at $30.23 on Friday. LeGrand has a 52 week low of $28.73 and a 52 week high of $37.91. The company has a quick ratio of 1.39, a current ratio of 1.96 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $39.64 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. The stock’s 50-day moving average price is $32.64 and its 200-day moving average price is $33.09.

Wall Street Analyst Weigh In

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