Lear Co. (NYSE:LEA) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.75 per share by the auto parts company on Thursday, December 26th. This represents a $3.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, December 5th.
Shares of NYSE LEA opened at $121.94 on Tuesday. The firm has a market cap of $7.28 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 3.59 and a beta of 1.46. The business’s 50 day moving average is $122.06 and its 200-day moving average is $123.70. The company has a current ratio of 1.35, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Lear has a 1-year low of $105.10 and a 1-year high of $160.00.
Lear (NYSE:LEA) last released its quarterly earnings results on Friday, October 25th. The auto parts company reported $3.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.14 by $0.40. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.76 billion. Lear had a return on equity of 22.07% and a net margin of 4.21%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.09 EPS. Analysts forecast that Lear will post 13.4 EPS for the current year.
A number of brokerages have recently issued reports on LEA. Guggenheim began coverage on shares of Lear in a research report on Tuesday, October 15th. They issued a “neutral” rating for the company. UBS Group downgraded shares of Lear from a “buy” rating to a “neutral” rating and decreased their price target for the company from $158.00 to $135.00 in a research note on Thursday, September 12th. Robert W. Baird lowered shares of Lear from an “outperform” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research report on Friday, October 25th. KeyCorp dropped their price objective on shares of Lear from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, September 30th. Finally, Buckingham Research cut their price objective on shares of Lear from $140.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $151.07.
Lear Company Profile
Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.
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