LeGrand (OTCMKTS:LGRDY) Sets New 52-Week High - What's Next?

Key Points

• LeGrand SA's stock reached a new 52-week high of $30.34, closing at $30.25 with a trading volume of 4,026 shares.
• A number of analysts, including those from Deutsche Bank and Morgan Stanley, have reiterated positive ratings on LeGrand, signaling confidence in the stock's performance.
• In its latest earnings report, LeGrand posted $2.87 billion in revenue, beating forecasts despite missing earnings per share estimates at $0.26.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $30.34 and last traded at $30.25, with a volume of 4026 shares changing hands. The stock had previously closed at $30.04.

Wall Street Analysts Forecast Growth

LGRDY has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a "sector perform" rating on shares of LeGrand in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of LeGrand in a research note on Monday, August 4th. Finally, Morgan Stanley restated an "overweight" rating on shares of LeGrand in a research note on Tuesday, July 1st.

LeGrand Price Performance

The company has a market cap of $39.58 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 3.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.94. The stock has a 50 day moving average of $27.04 and a 200-day moving average of $23.81.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The company had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.37 billion. LeGrand had a net margin of 17.13% and a return on equity of 16.31%. Equities analysts predict that LeGrand SA will post 1.08 earnings per share for the current year.

LeGrand Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.3264 per share. The ex-dividend date was Wednesday, May 28th. This represents a dividend yield of 134.0%. LeGrand's dividend payout ratio (DPR) is presently 31.96%.

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.