LeGrand (OTCMKTS:LGRDY) Issues Quarterly Earnings Results

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

LeGrand Stock Up 0.5%

Shares of LGRDY stock traded up $0.16 on Friday, reaching $35.47. The company’s stock had a trading volume of 48,581 shares, compared to its average volume of 81,374. LeGrand has a 12-month low of $18.85 and a 12-month high of $36.92. The stock’s 50 day simple moving average is $30.53 and its 200-day simple moving average is $31.27. The company has a current ratio of 2.22, a quick ratio of 1.69 and a debt-to-equity ratio of 0.78.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research downgraded shares of LeGrand from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research report on Tuesday, January 6th. UBS Group upgraded LeGrand to a “hold” rating in a research report on Tuesday, December 16th. Barclays reiterated an “overweight” rating on shares of LeGrand in a research note on Wednesday, December 3rd. Finally, The Goldman Sachs Group downgraded LeGrand from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, LeGrand presently has a consensus rating of “Moderate Buy”.

LeGrand Company Profile

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.