Headlines about Lear (NYSE:LEA) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lear earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave press coverage about the auto parts company an impact score of 46.5039703473288 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
A number of brokerages recently issued reports on LEA. Zacks Investment Research cut Lear from a “buy” rating to a “hold” rating in a report on Saturday, May 26th. Evercore ISI upgraded Lear from an “in-line” rating to an “outperform” rating and set a $220.00 target price on the stock in a report on Monday, May 14th. Citigroup raised their target price on Lear from $234.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, April 30th. Longbow Research reaffirmed a “buy” rating and issued a $225.00 target price on shares of Lear in a research report on Monday, April 30th. Finally, ValuEngine cut Lear from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 21st. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $203.53.
LEA opened at $195.70 on Monday. The firm has a market cap of $12.98 billion, a P/E ratio of 11.51 and a beta of 1.46. Lear has a 1 year low of $135.62 and a 1 year high of $206.36. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.43.
Lear (NYSE:LEA) last released its quarterly earnings data on Thursday, April 26th. The auto parts company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $0.19. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Lear had a return on equity of 29.40% and a net margin of 6.40%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.27 earnings per share. analysts predict that Lear will post 19.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Friday, June 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.43%. Lear’s payout ratio is 16.47%.
In related news, Director Richard Harold Bott sold 1,063 shares of Lear stock in a transaction on Friday, May 18th. The stock was sold at an average price of $202.35, for a total transaction of $215,098.05. Following the completion of the sale, the director now owns 1,852 shares of the company’s stock, valued at $374,752.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jonathan F. Foster sold 2,500 shares of Lear stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $203.24, for a total value of $508,100.00. Following the sale, the director now directly owns 7,381 shares of the company’s stock, valued at approximately $1,500,114.44. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.
Lear Company Profile
Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.
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