Lear (LEA) Stock Price, News & Analysis

Company Overview

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. The company's E-Systems segment provides electrical distribution and connection systems that route electrical signals and networks; and manage electrical power within the vehicle for various powertrains. This segment's products comprise wire harnesses, terminals and connectors, engineered components, and junction boxes; electronic system products, including body domain control modules, smart and passive junction boxes, gateway and communication modules, integrated power modules, and high voltage switching and power control systems. It also offers software and connected services comprising Xevo Market, an in-vehicle commerce and service platform; and software and services for the cloud, vehicles, and mobile devices. In addition, this segment provides cybersecurity software; advanced vehicle positioning for automated and autonomous driving applications; and short-range communication and cellular protocols for vehicle connectivity. It offers its products and services under the XEVO, GUILFORD, EAGLE OTTAWA, ConfigurE+, INTUTM, LEAR CONNEXUSTM, EXO, JOURNEYWARE, ProTec, SMART JUNCTION BOX, STRUCSURE, AVENTINO, and TeXstyle brands. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.

Key Stats

• Today's Range: $92.14 to $93.89
• 50-Day Range: $92.95 to $112.72
• 52-Week Range: $92.14 to $147.11
• Volume: 581,185 shs
• Average Volume: 661,429 shs
• Market Capitalization: $5.08 billion
• P/E Ratio: 9.84
• Dividend Yield: 3.29%
• Price Target: $140.25
• Consensus Rating: Hold

Lear Stock Analysis - MarketRank™

Lear scored higher than 99% of companies evaluated by MarketBeat, and ranked 1st out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Lear has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Lear has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 13.54%

Earnings Growth

Earnings for Lear are expected to grow by 13.54% in the coming year, from $12.19 to $13.84 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lear is 9.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lear is 9.84, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 14.75.

Price to Earnings Growth Ratio

Lear has a PEG Ratio of 0.53. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Lear has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.89% of the float of Lear has been sold short.

Short Interest Ratio / Days to Cover

Lear has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lear has recently decreased by 4.09%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Lear pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Lear does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Lear is 32.39%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Lear will have a dividend payout ratio of 22.25% next year. This indicates that Lear will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.9 / 5
• Environmental Score: -4.29

Percentage of Shares Shorted

3.89% of the float of Lear has been sold short.

Short Interest Ratio / Days to Cover

Lear has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lear has recently decreased by 4.09%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.24

News Sentiment

Lear has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Lear this week, compared to 18 articles on an average week.

Search Interest

Only 2 people have searched for LEA on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

MarketBeat Follows

5 people have added Lear to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Lear insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.79% of the stock of Lear is held by insiders.

Percentage Held by Institutions

97.04% of the stock of Lear is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LEA Stock Analysis - Frequently Asked Questions

How have LEA shares performed this year?

Lear's stock was trading at $141.21 on January 1st, 2024. Since then, LEA stock has decreased by 33.8% and is now trading at $93.54.
View the best growth stocks for 2024 here.

How were Lear's earnings last quarter?

Lear Co. (NYSE:LEA) posted its quarterly earnings data on Thursday, October, 24th. The auto parts company reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.57 by $0.32. The business's revenue was down 3.4% compared to the same quarter last year.

Does Lear have any subsidiaries?

Lear subsidiaries include these companies: M&N Plastics, Xevo Inc., EXO Technologies, EXO Technologies Ltd., Grupo Antolin's, AccuMED Holdings Corp., AccuMED Corp., and others.

Who are Lear's major shareholders?

Lear's top institutional shareholders include Pzena Investment Management LLC (14.20%), Diamond Hill Capital Management Inc. (4.84%), FMR LLC (4.52%) and State Street Corp (3.59%). Insiders that own company stock include Jason M Cardew, Raymond E Scott, Carl A Esposito, Frank C Orsini, Alicia J Davis, Marianne Vidershain, Thomas A Didonato, Greg C Smith and Conrad L Mallett, Jr.
View institutional ownership trends.

How do I buy shares of Lear?

Shares of LEA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Lear own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lear investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 9/23 Dividend: 9/04/2024
• Dividend Payable: 9/23/2024
• Last Earnings: 10/24/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicle parts & accessories
• Sub-Industry: Auto Parts & Equipment
• Current Symbol: NYSE:LEA
• CUSIP: 52186520
• CIK: 842162
• Web: www.lear.com
• Phone: (248) 447-1500
• Fax: 302-655-5049
• Employees: 186,600
• Year Founded: 1917

Price Target and Rating

• Average Stock Price Target: $140.25
• High Stock Price Target: $200.00
• Low Stock Price Target: $106.00
• Potential Upside/Downside: +49.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.46
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $9.51
• Trailing P/E Ratio: 9.84
• Forward P/E Ratio: 7.68
• P/E Growth: 0.53
• Net Income: $572.50 million
• Net Margins: 2.33%
• Pretax Margin: 3.20%
• Return on Equity: 14.68%
• Return on Assets: 4.94%

Debt

• Debt-to-Equity Ratio: 0.57
• Current Ratio: 1.33
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $23.43 billion
• Price / Sales: 0.22
• Cash Flow: $22.07 per share
• Price / Cash Flow: 4.24
• Book Value: $86.86 per share
• Price / Book: 1.08

Miscellaneous

• Outstanding Shares: 54,341,000
• Free Float: 53,912,000
• Market Cap: $5.08 billion
• Optionable: Optionable
• Beta: 1.46