LeGrand (LGRDY) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• LeGrand is expected to report quarterly results before the market opens on Wednesday, May 6, with analysts projecting $0.3193 EPS and $2.8785 billion in revenue for the quarter.
• The company recently missed the prior quarter's EPS (reported $0.31 vs. $0.32 expected). Analysts forecast about $1 EPS for the current fiscal year and $2 EPS next year, and the stock has a consensus "Hold" rating (1 Strong Buy, 3 Buy, 7 Hold) while trading near $34.84 with a market cap of $45.68 billion and a P/E of 33.83.

LeGrand (OTCMKTS:LGRDY - Get Free Report) is expected to announce its results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.3193 per share and revenue of $2.8785 billion for the quarter.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.01). LeGrand had a return on equity of 16.70% and a net margin of 16.69%.The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. On average, analysts expect LeGrand to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

LeGrand Trading Down 1.7%

Shares of LeGrand stock opened at $34.84 on Wednesday. LeGrand has a fifty-two week low of $21.55 and a fifty-two week high of $36.92. The firm has a market cap of $45.68 billion, a PE ratio of 33.83, a P/E/G ratio of 2.12 and a beta of 0.94. The business's fifty day moving average is $33.38 and its two-hundred day moving average is $32.01. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LGRDY shares. Kepler Capital Markets lowered LeGrand from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of LeGrand in a research note on Tuesday, January 6th. The Goldman Sachs Group lowered LeGrand from a "buy" rating to a "hold" rating in a research note on Sunday, January 11th. Evercore raised LeGrand to a "hold" rating in a research note on Monday, April 13th. Finally, Citigroup reissued a "buy" rating on shares of LeGrand in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.