LeGrand (OTCMKTS:LGRDY) Reaches New 52-Week High - Should You Buy?

Key Points

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LeGrand SA (OTCMKTS:LGRDY - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $30.27 and last traded at $30.16, with a volume of 11307 shares changing hands. The stock had previously closed at $29.10.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an "overweight" rating on shares of LeGrand in a research report on Tuesday, July 1st.

LeGrand Trading Up 0.6%

The firm has a market capitalization of $39.35 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 5.15 and a beta of 0.84. The firm has a 50-day moving average of $26.37 and a 200-day moving average of $23.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.94.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The firm had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.37 billion. LeGrand had a net margin of 17.13% and a return on equity of 16.31%. On average, equities research analysts anticipate that LeGrand SA will post 1.08 EPS for the current fiscal year.

LeGrand Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.3264 per share. The ex-dividend date was Wednesday, May 28th. This represents a yield of 134.0%. LeGrand's payout ratio is presently 32.29%.

About LeGrand

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.