LeGrand (OTCMKTS:LGRDY) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

LeGrand (OTCMKTS:LGRDY) posted its quarterly earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01), Zacks reports. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.90 billion. LeGrand had a net margin of 16.69% and a return on equity of 16.70%.

LeGrand Price Performance

Shares of LGRDY opened at $36.79 on Friday. LeGrand has a 12 month low of $23.14 and a 12 month high of $37.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.69. The stock has a fifty day moving average price of $33.41 and a 200 day moving average price of $32.10. The company has a market cap of $48.24 billion, a P/E ratio of 35.72, a PEG ratio of 2.26 and a beta of 0.98.

Analysts Set New Price Targets

LGRDY has been the topic of a number of recent analyst reports. Kepler Capital Markets cut shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Evercore upgraded LeGrand to a “hold” rating in a research note on Monday, April 13th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Friday, February 13th. Finally, The Goldman Sachs Group cut LeGrand from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

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.