Legrand (OTCMKTS:LGRDY) Sets New 12-Month High - What's Next?

Legrand SA (OTCMKTS:LGRDY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.16 and last traded at $25.09, with a volume of 67813 shares traded. The stock had previously closed at $24.81.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded Legrand from a "strong sell" rating to a "hold" rating in a research note on Monday, February 24th.

Legrand Stock Down 1.1%

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.95 and a quick ratio of 1.39. The company has a market cap of $33.32 billion, a P/E ratio of 26.34, a PEG ratio of 5.98 and a beta of 0.81. The stock has a 50-day moving average of $23.07 and a 200 day moving average of $21.61.

Legrand (OTCMKTS:LGRDY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Legrand had a net margin of 13.48% and a return on equity of 16.63%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.26 billion. Research analysts anticipate that Legrand SA will post 1.08 earnings per share for the current year.

Legrand Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 17th. Investors of record on Thursday, May 29th will be paid a $0.3264 dividend. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, May 28th. Legrand's dividend payout ratio is currently 31.25%.

Legrand Company Profile

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.