LeGrand (OTCMKTS:LGRDY) Sets New 12-Month High - Here's What Happened

Key Points

• LeGrand SA's shares hit a new 52-week high of $33.28 during trading, reflecting a strong performance compared to its previous close of $32.94.
• The company has received mixed analyst ratings, with two analysts issuing a Buy rating and one a Hold rating, resulting in an average rating of "Moderate Buy."
• Despite a revenue of $2.87 billion for the quarter, LeGrand reported an EPS of $0.26, which fell short of the expected $0.30.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $33.28 and last traded at $33.28, with a volume of 481 shares changing hands. The stock had previously closed at $32.94.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a "sector perform" rating on shares of LeGrand in a research report on Monday, August 4th. Morgan Stanley restated an "overweight" rating on shares of LeGrand in a report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of LeGrand in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

LeGrand Stock Up 1.4%

The company's fifty day moving average is $30.41 and its 200-day moving average is $25.87. The company has a market cap of $44.09 billion, a PE ratio of 34.29, a PEG ratio of 3.37 and a beta of 0.80. 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.37 billion. LeGrand had a return on equity of 16.31% and a net margin of 17.13%. On average, analysts predict that LeGrand SA will post 1.08 EPS for the current year.

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.