Lear (NYSE:LEA - Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect Lear to post earnings of $2.50 per share and revenue of $5.52 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
Lear Price Performance
Shares of LEA stock traded up $1.22 during mid-day trading on Thursday, reaching $96.80. The stock had a trading volume of 489,684 shares, compared to its average volume of 592,898. The company has a market cap of $5.26 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.49 and a beta of 1.43. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. Lear has a 12-month low of $90.03 and a 12-month high of $147.11. The business has a 50-day simple moving average of $96.10 and a 200 day simple moving average of $104.21.
Lear Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Wednesday, December 11th. Lear's payout ratio is currently 32.39%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on LEA shares. TD Cowen dropped their price objective on shares of Lear from $142.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Bank of America reduced their price objective on Lear from $180.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Barclays cut their target price on shares of Lear from $120.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price target on shares of Lear from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Morgan Stanley cut their price objective on shares of Lear from $145.00 to $135.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $132.18.
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About Lear
(
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Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.
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