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

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

Wall Street Analyst Weigh In

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

LeGrand Stock Performance

The stock has a market capitalization of $34.79 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 4.53 and a beta of 0.82. The company has a 50 day simple moving average of $25.06 and a 200-day simple moving average of $22.54. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.45.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Wednesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.26 billion. LeGrand had a net margin of 17.18% and a return on equity of 16.09%. On average, equities analysts forecast that LeGrand SA will post 1.08 EPS for the current year.

LeGrand Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th were paid a $0.3264 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a dividend yield of 1.34%. LeGrand’s payout ratio is presently 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.