Media coverage about Lear (NYSE:LEA) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog 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 media sentiment score of 0.02 on Accern’s scale. Accern also gave press coverage about the auto parts company an impact score of 46.9249459149801 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
LEA has been the topic of several research reports. Guggenheim lowered shares of Lear from a “buy” rating to a “neutral” rating and set a $167.00 price target on the stock. in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Lear from a “hold” rating to a “buy” rating and set a $199.00 target price on the stock in a research report on Tuesday, December 26th. ValuEngine upgraded shares of Lear from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays boosted their price target on shares of Lear from $171.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, Longbow Research initiated coverage on shares of Lear in a research report on Friday, January 5th. They set a “buy” rating and a $225.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Lear has an average rating of “Buy” and an average price target of $192.06.
Lear (LEA) traded up $1.84 during midday trading on Wednesday, reaching $191.54. 382,701 shares of the company’s stock traded hands, compared to its average volume of 697,800. The stock has a market capitalization of $12,820.00, a P/E ratio of 11.37 and a beta of 1.47. Lear has a 1-year low of $132.01 and a 1-year high of $202.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.11 and a current ratio of 1.36.
Lear (NYSE:LEA) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $4.38 EPS for the quarter, beating 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 business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same period in the prior year, the firm earned $3.80 earnings per share. The company’s revenue was up 15.5% compared to the same quarter last year. equities research analysts expect that Lear will post 18.87 EPS for the current fiscal year.
Lear announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that permits the company to repurchase $954.00 million in outstanding shares. This repurchase authorization permits the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Wednesday, March 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from Lear’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 6th. Lear’s dividend payout ratio is presently 11.88%.
In related news, SVP Mel Stephens sold 796 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $179.00, for a total value of $142,484.00. Following the transaction, the senior vice president now directly owns 40,000 shares in the company, valued at $7,160,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Shari L. Burgess sold 5,373 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $190.14, for a total transaction of $1,021,622.22. Following the transaction, the vice president now owns 4,232 shares in the company, valued at $804,672.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,911 shares of company stock worth $49,841,815. 0.49% of the stock is owned by company insiders.
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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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