LeGrand (OTCMKTS:LGRDY) Sets New 52-Week High - Here's Why

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 reached a new 52-week high during mid-day 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 Analyst Weigh In

A number of equities analysts have weighed in on LGRDY shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of LeGrand in a research note on Monday. Morgan Stanley reiterated an "overweight" rating on shares of LeGrand in a report on Tuesday, July 1st. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of LeGrand in a research report on Monday.

LeGrand Stock Performance

The stock's 50 day moving average price is $26.70 and its two-hundred day moving average price is $23.58. The company has a current ratio of 1.94, a quick ratio of 1.45 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $39.92 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 3.24 and a beta of 0.84.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last issued its earnings results 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). LeGrand had a net margin of 17.13% and a return on equity of 16.31%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.37 billion. On average, analysts forecast that LeGrand SA will post 1.08 EPS for the current year.

LeGrand Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 17th. Investors of record on Thursday, May 29th were given a dividend of $0.3264 per share. This represents a dividend yield of 134.0%. The ex-dividend date of this dividend was Wednesday, May 28th. LeGrand's dividend payout ratio is currently 30.93%.

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.

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