LeGrand (OTCMKTS:LGRDY) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

LeGrand (OTCMKTS:LGRDY) posted its quarterly earnings data on Wednesday. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04), Zacks reports. LeGrand had a net margin of 13.29% and a return on equity of 16.89%. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.18 billion.

LeGrand Stock Performance

Shares of OTCMKTS LGRDY opened at $29.42 on Thursday. The firm has a fifty day moving average price of $32.74 and a 200-day moving average price of $33.09. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. The stock has a market cap of $38.58 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.31 and a beta of 0.95. LeGrand has a 1 year low of $28.73 and a 1 year high of $37.91.

Analyst Upgrades and Downgrades

LGRDY has been the subject of a number of recent research reports. Zacks Research downgraded LeGrand from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a report on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Finally, Evercore raised LeGrand to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

LeGrand Company Profile

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.