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

Shares of Legrand SA (OTCMKTS:LGRDY - Get Free Report) hit 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 trading hands. The stock had previously closed at $24.31.

Analyst Upgrades and Downgrades

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

Legrand Stock Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95. The company has a market capitalization of $32.61 billion, a P/E ratio of 25.78, a P/E/G ratio of 5.98 and a beta of 0.80. The business's fifty day simple moving average is $22.10 and its 200-day simple moving average is $21.19.

Legrand (OTCMKTS:LGRDY - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.26 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. As a group, equities analysts anticipate that Legrand SA will post 1.08 earnings per share for the current fiscal year.

Legrand Cuts Dividend

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

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