LeGrand (OTCMKTS:LGRDY) Releases Earnings Results, Meets Estimates

LeGrand (OTCMKTS:LGRDY) released its quarterly earnings data on Thursday. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33, Zacks reports. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.02 billion.

LeGrand Stock Up 3.1%

LGRDY stock traded up $0.87 during midday trading on Friday, hitting $28.88. The company’s stock had a trading volume of 115,035 shares, compared to its average volume of 159,092. The company has a market cap of $37.87 billion, a PE ratio of 24.90, a P/E/G ratio of 1.51 and a beta of 1.06. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89. LeGrand has a 12 month low of $27.32 and a 12 month high of $37.91. The firm’s 50-day moving average is $30.83 and its 200-day moving average is $32.49.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada upgraded LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. The Goldman Sachs Group upgraded LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Evercore upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Zacks Research upgraded shares of LeGrand from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

LeGrand Company Profile

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.