LeGrand (LGRDY) Set to Release Quarterly Earnings on Thursday

Key Points

• LeGrand is expected to report quarterly results before the market opens Thursday, November 5. Analysts forecast earnings of $0.3236 per share on $3.02 billion in revenue.
• In its previous quarter, LeGrand earned $0.32 per share, missing estimates of $0.36, while revenue of $3.26 billion exceeded expectations of $3.18 billion. Analysts project full-year EPS of $1.38 and next-year EPS of $1.61.
• LeGrand shares opened at $29.62, below their 50-day and 200-day moving averages, while analyst sentiment remains favorable with a consensus rating of “Moderate Buy.”

LeGrand (OTCMKTS:LGRDY - Get Free Report) is expected to be releasing its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $0.3236 per share and revenue of $3.02 billion for the quarter.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). LeGrand had a net margin of 13.01% and a return on equity of 17.74%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. On average, analysts expect LeGrand to post $1.38 EPS for the current fiscal year and $1.61 EPS for the next fiscal year.

LeGrand Price Performance

Shares of OTCMKTS LGRDY opened at $29.62 on Thursday. The firm's 50-day moving average price is $31.11 and its 200-day moving average price is $32.50. LeGrand has a 1-year low of $27.32 and a 1-year high of $37.91. The firm has a market capitalization of $38.84 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.52 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89.

Analyst Upgrades and Downgrades

LGRDY has been the subject of several research reports. The Goldman Sachs Group upgraded LeGrand from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 21st. Zacks Research raised LeGrand from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 5th. Barclays reiterated an "overweight" rating on shares of LeGrand in a report on Monday, October 5th. Morgan Stanley reissued an "overweight" rating on shares of LeGrand in a research note on Friday, August 28th. Finally, Royal Bank Of Canada raised LeGrand from a "sector perform" rating to an "outperform" rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, LeGrand currently has a consensus rating of "Moderate Buy".

About LeGrand

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.

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