LeGrand (OTCMKTS:LGRDY) Releases Quarterly Earnings Results

LeGrand (OTCMKTS:LGRDY) released its quarterly earnings data on Thursday. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01), Zacks reports. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%.

LeGrand Trading Up 0.3%

Shares of LGRDY stock opened at $35.43 on Friday. The stock’s fifty day moving average price is $30.64 and its two-hundred day moving average price is $31.31. LeGrand has a fifty-two week low of $18.85 and a fifty-two week high of $36.92. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78.

Analysts Set New Price Targets

LGRDY has been the topic of several research analyst reports. Zacks Research cut shares of LeGrand from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Kepler Capital Markets raised shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Barclays restated an “overweight” rating on shares of LeGrand in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of LeGrand in a research note on Tuesday, January 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of LeGrand in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

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.