Shares of LeGrand SA (OTCMKTS:LGRDY) have been assigned an average rating of “Moderate Buy” by eight brokerages currently monitoring the stock, as reported by MarketBeat.com. This assessment reflects a mix of opinions, with three analysts recommending a hold, three suggesting a buy, and two issuing a strong buy rating.
Several notable financial institutions have recently provided updates on LeGrand’s stock. On November 6, Deutsche Bank Aktiengesellschaft downgraded its rating from buy to hold. Conversely, Kepler Capital Markets elevated its stance from hold to strong buy shortly thereafter on November 12. Additionally, Jefferies Financial Group upgraded its rating from moderate sell to strong buy on October 12, while Barclays reiterated an “overweight” rating on November 1. Finally, Citigroup maintained its buy rating as of October 1.
Quarterly Earnings Report
LeGrand released its latest quarterly earnings on November 6, revealing earnings per share (EPS) of $0.23. This figure fell short of analysts’ expectations, which had projected an EPS of $0.28, marking a difference of $0.05. The company reported a net margin of 16.71% and a return on equity of 16.05%. Its revenue for the quarter totaled $2.61 billion, slightly below the consensus estimate of $2.62 billion.
Analysts predict that LeGrand will achieve an EPS of 1.08 for the current fiscal year, reflecting expectations for continued performance.
About LeGrand SA
LeGrand SA operates in the electrical and digital building infrastructures sector, with a presence in Europe, North and Central America, and other international markets. The company specializes in energy distribution, protection, and management solutions. Its product offerings include electric vehicle charging stations, residential and small commercial panels, switchboards, power cabinets, and uninterruptible power supply (UPS) devices. In addition, LeGrand provides a range of wiring devices and connected home solutions, enhancing the functionality of modern buildings.
As market analysts continue to evaluate LeGrand’s performance, stakeholders remain attentive to the company’s strategic direction and its potential for growth in the evolving infrastructure landscape.
