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

Key Points

• EPS miss: Legrand reported quarterly EPS of $0.30, missing the consensus by $0.01, while posting a return on equity of 16.7% and a net margin of 16.69%.
• Stock reaction and valuation: Shares fell about 2.9% to $36.79 on above-average volume; the company has a market cap of $48.24 billion and a P/E of 35.72.
• Analyst sentiment: The consensus rating is a Hold (1 Strong Buy, 3 Buy, 7 Hold) after recent downgrades from Goldman Sachs and Kepler and a hold upgrade from Evercore.

LeGrand (OTCMKTS:LGRDY - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01), Zacks reports. LeGrand had a return on equity of 16.70% and a net margin of 16.69%.

LeGrand Stock Down 2.9%

Shares of LGRDY traded down $1.09 during trading hours on Thursday, reaching $36.79. The stock had a trading volume of 67,412 shares, compared to its average volume of 62,982. LeGrand has a 12 month low of $23.14 and a 12 month high of $37.91. The firm has a 50-day simple moving average of $33.41 and a 200 day simple moving average of $32.10. The company has a current ratio of 2.22, a quick ratio of 1.69 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $48.24 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 2.26 and a beta of 0.98.

Analyst Ratings Changes

Several analysts have recently commented on LGRDY shares. Evercore raised shares of LeGrand to a "hold" rating in a research report on Monday, April 13th. Citigroup reaffirmed a "buy" rating on shares of LeGrand in a research report on Friday, February 13th. Kepler Capital Markets downgraded shares of LeGrand from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group cut LeGrand from a "buy" rating to a "hold" rating in a report on Sunday, January 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.

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