Wall Street brokerages expect Lear Co. (NYSE:LEA) to post earnings per share of $4.24 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Lear’s earnings, with estimates ranging from $4.09 to $4.45. Lear posted earnings per share of $3.80 in the same quarter last year, which indicates a positive year over year growth rate of 11.6%. The business is expected to issue its next quarterly earnings report before the market opens on Friday, January 26th.

According to Zacks, analysts expect that Lear will report full year earnings of $16.88 per share for the current financial year, with EPS estimates ranging from $16.72 to $17.07. For the next financial year, analysts forecast that the business will report earnings of $17.76 per share, with EPS estimates ranging from $15.45 to $18.85. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Lear.

Lear (NYSE:LEA) last released its quarterly earnings data on Wednesday, October 25th. The auto parts company reported $3.96 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.16. The firm had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.84 billion. Lear had a net margin of 5.79% and a return on equity of 31.79%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 earnings per share.

A number of equities analysts have commented on LEA shares. Guggenheim downgraded shares of Lear from a “buy” rating to a “neutral” rating and set a $167.00 price objective for the company. in a report on Thursday, October 26th. Barclays set a $171.00 price objective on shares of Lear and gave the stock a “hold” rating in a report on Friday, October 20th. UBS Group downgraded shares of Lear from a “buy” rating to a “neutral” rating and boosted their price target for the company from $158.00 to $182.00 in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Lear from a “hold” rating to a “buy” rating and set a $199.00 price target for the company in a report on Tuesday, December 26th. Finally, Jefferies Group started coverage on shares of Lear in a report on Thursday, September 28th. They set a “buy” rating and a $197.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $179.50.

Lear (NYSE LEA) traded up $4.23 during trading on Tuesday, reaching $189.14. 646,300 shares of the company’s stock were exchanged, compared to its average volume of 612,222. The firm has a market capitalization of $12,900.00, a P/E ratio of 11.56, a PEG ratio of 1.49 and a beta of 1.44. The company has a current ratio of 1.34, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. Lear has a 1 year low of $132.01 and a 1 year high of $192.13.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Friday, December 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, December 7th. Lear’s dividend payout ratio (DPR) is 12.22%.

In related news, SVP Mel Stephens sold 796 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $179.00, for a total value of $142,484.00. Following the completion of the sale, the senior vice president now owns 40,000 shares of the company’s stock, valued at $7,160,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Terrence B. Larkin sold 1,137 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $177.74, for a total transaction of $202,090.38. Following the completion of the sale, the executive vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $1,228,538.88. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Lear by 2.5% in the second quarter. Vanguard Group Inc. now owns 6,409,081 shares of the auto parts company’s stock worth $910,602,000 after purchasing an additional 158,042 shares during the period. Boston Partners lifted its holdings in Lear by 138.6% in the third quarter. Boston Partners now owns 1,169,464 shares of the auto parts company’s stock worth $202,411,000 after purchasing an additional 679,345 shares during the period. Allianz Asset Management GmbH lifted its holdings in Lear by 3.0% in the third quarter. Allianz Asset Management GmbH now owns 951,518 shares of the auto parts company’s stock worth $164,689,000 after purchasing an additional 27,368 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Lear by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 933,481 shares of the auto parts company’s stock worth $161,573,000 after purchasing an additional 42,464 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in Lear by 25.3% in the third quarter. APG Asset Management N.V. now owns 788,621 shares of the auto parts company’s stock worth $136,495,000 after purchasing an additional 159,000 shares during the period. 91.73% of the stock is owned by institutional investors and hedge funds.

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Lear Company Profile

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.

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