LeGrand (OTCMKTS:LGRDY) Releases Quarterly Earnings Results

LeGrand (OTCMKTS:LGRDY) announced its earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01), Zacks reports. LeGrand had a return on equity of 16.70% and a net margin of 16.69%.

LeGrand Stock Performance

OTCMKTS LGRDY traded down $1.09 during trading on Thursday, hitting $36.79. 67,412 shares of the company’s stock traded hands, compared to its average volume of 62,982. The stock has a market capitalization of $48.24 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.26 and a beta of 0.98. LeGrand has a 12-month low of $23.14 and a 12-month high of $37.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22. The business has a 50 day moving average of $33.41 and a 200-day moving average of $32.10.

Analyst Ratings Changes

LGRDY has been the topic of several research reports. Evercore raised shares of LeGrand to a “hold” rating in a research report on Monday, April 13th. The Goldman Sachs Group cut shares of LeGrand from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Friday, February 13th. Finally, Kepler Capital Markets lowered LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently 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.