LeGrand (OTCMKTS:LGRDY) Reaches New 52-Week High - Still a Buy?

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $25.95 and last traded at $25.64, with a volume of 99100 shares. The stock had previously closed at $25.24.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised shares of LeGrand from a "strong sell" rating to a "hold" rating in a research note on Monday, February 24th.

LeGrand Stock Performance

The stock has a market cap of $32.74 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 7.75 and a beta of 0.81. The firm's 50-day moving average is $23.44 and its two-hundred day moving average is $21.74. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.63.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.26 billion. LeGrand had a return on equity of 16.09% and a net margin of 17.18%. As a group, research analysts expect that LeGrand SA will post 1.08 EPS for the current year.

LeGrand Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.3264 per share. This represents a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, May 28th. LeGrand's dividend payout ratio (DPR) is 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.