Legrand (OTCMKTS:LGRDY) Sets New 12-Month High – Here’s What Happened

Legrand SA (OTCMKTS:LGRDYGet Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $24.86 and last traded at $24.70, with a volume of 87222 shares. The stock had previously closed at $24.31.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Legrand from a “strong sell” rating to a “hold” rating in a research report on Monday, February 24th.

View Our Latest Analysis on LGRDY

Legrand Stock Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95. The firm has a market cap of $32.61 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 5.98 and a beta of 0.80. The firm’s fifty day moving average price is $22.10 and its 200 day moving average price is $21.19.

Legrand (OTCMKTS:LGRDYGet Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Legrand had a net margin of 13.48% and a return on equity of 16.63%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.26 billion. Sell-side analysts expect that Legrand SA will post 1.08 EPS for the current fiscal year.

Legrand Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 17th. Investors of record on Thursday, May 29th will be given a dividend of $0.3264 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a yield of 1.34%. Legrand’s payout ratio is 30.21%.

Legrand Company Profile

(Get Free Report)

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.

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