LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

Key Points

• LeGrand SA's short interest surged by 2,312.9% in July, increasing from 3,100 shares at the end of June to 74,800 shares by July 15th.
• The company reported quarterly earnings of $0.26 per share, missing estimates of $0.30, despite a strong revenue of $2.87 billion surpassing expectations of $2.37 billion.
• LeGrand recently cut its dividend while maintaining a yield of 134.0% and a payout ratio of 31.25%.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 74,800 shares, agrowthof2,312.9% from the June 30th total of 3,100 shares. Based on an average daily volume of 991,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 991,700 shares, the days-to-cover ratio is presently 0.1 days.

LeGrand Trading Down 0.8%

Shares of OTCMKTS:LGRDY traded down $0.25 during midday trading on Tuesday, reaching $29.77. The company's stock had a trading volume of 38,680 shares, compared to its average volume of 153,660. The firm has a market capitalization of $39.30 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 5.03 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 firm has a 50 day moving average price of $26.48 and a two-hundred day moving average price of $23.50. LeGrand has a fifty-two week low of $18.85 and a fifty-two week high of $30.27.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) 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 business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.37 billion. As a group, analysts forecast that LeGrand will post 1.08 earnings per share for the current year.

LeGrand Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 17th. Investors of record on Thursday, May 29th were paid a dividend of $0.3264 per share. This represents a yield of 134.0%. The ex-dividend date of this dividend was Wednesday, May 28th. LeGrand's dividend payout ratio is 31.96%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an "overweight" rating on shares of LeGrand in a research note on Tuesday, July 1st.

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.