Lear (LEA) Earning Somewhat Positive Press Coverage, Analysis Shows
News coverage about Lear (NYSE:LEA) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lear earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 45.8733727017191 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 media headlines that may have impacted Accern Sentiment’s analysis:
- Renaissance Investment Group Decreased By $1.12 Million Its Lear Shs (LEA) Position; Windacre Partnership Has … – Hill Country Times (hillcountrytimes.com)
- Lear Corporation: Automotive Components Leader – Seeking Alpha (seekingalpha.com)
- InventHelp Inventor Develops Snow Removal Tool for Higher Profile Vehicles (prweb.com)
- InventHelp Inventor Develops Vehicle Cover for Hail Protection (prweb.com)
- InventHelp Inventor Develops Discreet Pest-Control Device (prweb.com)
Several analysts recently commented on LEA shares. Zacks Investment Research cut shares of Lear from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and set a $178.00 price target on shares of Lear in a report on Friday, September 1st. Royal Bank of Canada upgraded shares of Lear from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $183.00 to $213.00 in a report on Thursday, October 26th. KeyCorp raised their price target on shares of Lear from $180.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Deutsche Bank raised their price target on shares of Lear from $167.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Lear has a consensus rating of “Hold” and a consensus price target of $173.13.
Shares of Lear (NYSE:LEA) traded up $0.54 on Friday, reaching $172.40. 503,922 shares of the company traded hands, compared to its average volume of 657,477. The company has a market capitalization of $11,757.59, a price-to-earnings ratio of 10.60, a PEG ratio of 1.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.34. Lear has a 52-week low of $131.82 and a 52-week high of $181.38.
Lear (NYSE:LEA) last issued its quarterly earnings data on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.16. The firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.84 billion. Lear had a net margin of 5.79% and a return on equity of 31.79%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.19 earnings per share. research analysts expect that Lear will post 16.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Friday, December 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, December 7th. Lear’s payout ratio is presently 12.47%.
In other news, Director Henry D. G. Wallace sold 4,139 shares of Lear stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $166.71, for a total value of $690,012.69. Following the transaction, the director now owns 4,100 shares of the company’s stock, valued at $683,511. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan F. Foster sold 2,854 shares of Lear stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $173.39, for a total transaction of $494,855.06. Following the completion of the transaction, the director now directly owns 7,761 shares in the company, valued at approximately $1,345,679.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,337 shares of company stock worth $1,946,256. Insiders own 0.49% of the company’s stock.
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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