Equities analysts expect Lear Co. (NYSE:LEA) to announce earnings of $3.96 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Lear’s earnings. The highest EPS estimate is $4.12 and the lowest is $3.75. Lear also posted earnings of $3.96 per share in the same quarter last year. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that Lear will report full-year earnings of $18.61 per share for the current fiscal year, with EPS estimates ranging from $17.75 to $19.04. For the next fiscal year, analysts forecast that the business will report earnings of $19.16 per share, with EPS estimates ranging from $15.00 to $21.27. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Lear.

Lear (NYSE:LEA) last announced its earnings results on Thursday, July 26th. The auto parts company reported $4.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.99 by ($0.04). Lear had a net margin of 6.31% and a return on equity of 28.84%. The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the prior year, the company posted $4.39 EPS. The company’s revenue was up 8.9% compared to the same quarter last year.

LEA has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on shares of Lear from $227.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, June 25th. They noted that the move was a valuation call. ValuEngine cut shares of Lear from a “buy” rating to a “hold” rating in a report on Friday, June 29th. Longbow Research restated a “buy” rating and issued a $225.00 price target on shares of Lear in a report on Thursday, July 26th. JPMorgan Chase & Co. cut their price target on shares of Lear from $209.00 to $198.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Finally, Citigroup cut their price target on shares of Lear from $243.00 to $234.00 and set a “buy” rating on the stock in a report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $204.38.

A number of institutional investors have recently modified their holdings of LEA. BB&T Securities LLC grew its holdings in Lear by 24.7% during the 1st quarter. BB&T Securities LLC now owns 2,646 shares of the auto parts company’s stock worth $492,000 after acquiring an additional 524 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Lear by 50.8% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,393 shares of the auto parts company’s stock worth $4,725,000 after acquiring an additional 8,556 shares in the last quarter. Jane Street Group LLC grew its holdings in Lear by 103.0% during the 1st quarter. Jane Street Group LLC now owns 2,639 shares of the auto parts company’s stock worth $491,000 after acquiring an additional 89,215 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Lear during the 1st quarter worth about $2,438,000. Finally, Assetmark Inc. grew its holdings in Lear by 8.3% during the 1st quarter. Assetmark Inc. now owns 3,348 shares of the auto parts company’s stock worth $623,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 91.36% of the company’s stock.

Shares of NYSE LEA traded up $0.25 during mid-day trading on Wednesday, reaching $134.75. The company had a trading volume of 1,029,500 shares, compared to its average volume of 740,668. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.44. The stock has a market cap of $9.50 billion, a PE ratio of 7.93 and a beta of 1.34. Lear has a 52 week low of $130.55 and a 52 week high of $206.36.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Thursday, August 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, August 29th. Lear’s payout ratio is 16.47%.

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.

Read More: What is Compound Annual Growth Rate (CAGR)?

Get a free copy of the Zacks research report on Lear (LEA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.com's FREE daily email newsletter.