Legrand (OTCMKTS:LGRDY) Hits New 1-Year High - Should You Buy?

Legrand SA (OTCMKTS:LGRDY - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $24.86 and last traded at $24.70, with a volume of 87222 shares changing hands. The stock had previously closed at $24.31.

Analyst Ratings Changes

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

Legrand Price Performance

The firm has a market capitalization of $32.04 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 5.98 and a beta of 0.80. The company's 50 day moving average is $22.24 and its 200-day moving average is $21.29. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68.

Legrand (OTCMKTS:LGRDY - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.23 earnings per share (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 business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.26 billion. Equities research analysts anticipate that Legrand SA will post 1.08 earnings per share for the current year.

Legrand Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.3264 per share. This represents a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, May 28th. Legrand's dividend payout ratio is 30.21%.

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.