News articles about Lear (NYSE:LEA) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lear earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 46.9249459149801 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Several brokerages recently commented on LEA. ValuEngine upgraded shares of Lear from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. Deutsche Bank upgraded shares of Lear from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Wednesday, February 7th. Robert W. Baird restated a “buy” rating and set a $213.00 target price on shares of Lear in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Lear from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a report on Thursday, February 1st. Finally, Guggenheim set a $206.00 target price on shares of Lear and gave the stock a “hold” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $192.06.
Lear (NYSE:LEA) traded up $5.19 during midday trading on Wednesday, reaching $192.16. 644,973 shares of the company’s stock traded hands, compared to its average volume of 689,465. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.36 and a quick ratio of 1.11. Lear has a 1 year low of $132.01 and a 1 year high of $202.42. The company has a market capitalization of $12,649.24, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.40 and a beta of 1.48.
Lear (NYSE:LEA) last posted its quarterly earnings results on Friday, January 26th. The auto parts company reported $4.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.25 by $0.13. Lear had a net margin of 6.42% and a return on equity of 30.32%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same period in the prior year, the firm posted $3.80 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. sell-side analysts expect that Lear will post 18.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.70 per share. This is a positive change from Lear’s previous quarterly dividend of $0.50. This represents a $2.80 annualized dividend and a yield of 1.46%. Lear’s dividend payout ratio is 10.75%.
In other Lear news, EVP Terrence B. Larkin sold 1,137 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $177.74, for a total transaction of $202,090.38. Following the sale, the executive vice president now directly owns 6,912 shares of the company’s stock, valued at $1,228,538.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mel Stephens sold 796 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total transaction of $142,484.00. Following the sale, the senior vice president now directly owns 40,000 shares in the company, valued at $7,160,000. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.
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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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