LeGrand (OTCMKTS:LGRDY) Announces Earnings Results, Misses Estimates By $0.05 EPS

LeGrand (OTCMKTS:LGRDY) announced its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.05), Zacks reports. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.62 billion. LeGrand had a net margin of 16.71% and a return on equity of 16.27%.

LeGrand Price Performance

Shares of LGRDY traded up $0.44 during mid-day trading on Friday, reaching $30.21. 58,525 shares of the company’s stock were exchanged, compared to its average volume of 54,252. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.63. The company has a 50-day simple moving average of $33.00 and a two-hundred day simple moving average of $28.68. The company has a market cap of $39.88 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 1.89 and a beta of 0.82. LeGrand has a 52-week low of $18.85 and a 52-week high of $34.83.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Kepler Capital Markets lowered shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Jefferies Financial Group raised LeGrand from a “moderate sell” rating to a “strong-buy” rating in a report on Sunday, October 12th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of LeGrand in a research report on Monday, August 4th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded LeGrand from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About LeGrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.