LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

Key Points

• Short interest fell 36.3% to 58,604 shares as of September 15, representing about 0.0% of shares outstanding and a days-to-cover ratio of 0.2.
• LeGrand reported quarterly EPS of $0.32, missing estimates by $0.04, while revenue of $3.26 billion exceeded expectations of $3.18 billion. Analysts expect full-year EPS of approximately $1.40.
• Analysts maintain a generally positive outlook, with LeGrand receiving a “Moderate Buy” consensus rating based on one Strong Buy, five Buys, and five Holds.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 58,604 shares, a decrease of 36.3% from the August 31st total of 91,982 shares. Based on an average daily volume of 342,090 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

LeGrand Price Performance

OTCMKTS:LGRDY opened at $31.92 on Thursday. LeGrand has a 52 week low of $28.73 and a 52 week high of $37.91. The stock's fifty day moving average is $31.60 and its two-hundred day moving average is $32.79. The company has a market capitalization of $41.85 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.78 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.04). The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.18 billion. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. Equities analysts expect that LeGrand will post 1.4 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on LGRDY. Morgan Stanley restated an "overweight" rating on shares of LeGrand in a research report on Friday, August 28th. Royal Bank Of Canada upgraded shares of LeGrand from a "sector perform" rating to an "outperform" rating in a report on Monday, August 3rd. Citigroup reiterated a "buy" rating on shares of LeGrand in a research report on Thursday, June 18th. Barclays upgraded LeGrand from an "overweight" rating to an "overweight" rating in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft raised LeGrand from a "hold" rating to a "buy" rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, LeGrand has an average rating of "Moderate Buy".

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company designs, manufactures and distributes products and systems used to manage, distribute and control electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices, electrical and digital protection equipment, power distribution systems, cable management, structured cabling, lighting control, home automation and connected-building solutions.

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