LeGrand (OTCMKTS:LGRDY) Trading Up 0.3% – What’s Next?

LeGrand SA (OTCMKTS:LGRDY) shares were up 0.3% during mid-day trading on Tuesday . The company traded as high as $26.51 and last traded at $26.35. Approximately 45,149 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 295,589 shares. The stock had previously closed at $26.26.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of LeGrand in a report on Tuesday, July 1st.

LeGrand Trading Up 0.3%

The company has a market cap of $34.79 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 4.53 and a beta of 0.82. The firm has a 50 day moving average price of $25.06 and a two-hundred day moving average price of $22.54. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.63.

LeGrand (OTCMKTS:LGRDY) last released its earnings results on Wednesday, May 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). LeGrand had a return on equity of 16.09% and a net margin of 17.18%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.26 billion. As a group, equities analysts forecast that LeGrand SA 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. Shareholders of record on Thursday, May 29th were issued a $0.3264 dividend. The ex-dividend date was Wednesday, May 28th. This represents a yield of 1.34%. LeGrand’s payout ratio is currently 32.29%.

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.