Wall Street analysts expect Lear Co. (NYSE:LEA) to post $5.02 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Lear’s earnings, with the highest sales estimate coming in at $5.10 billion and the lowest estimate coming in at $4.94 billion. Lear posted sales of $5.36 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The company is scheduled to report its next earnings report on Friday, January 25th.

On average, analysts expect that Lear will report full year sales of $21.20 billion for the current year, with estimates ranging from $21.14 billion to $21.31 billion. For the next year, analysts forecast that the firm will post sales of $21.77 billion, with estimates ranging from $21.49 billion to $22.01 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Lear.

Lear (NYSE:LEA) last announced its quarterly earnings results on Thursday, October 25th. The auto parts company reported $4.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.06). The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.95 billion. Lear had a return on equity of 28.11% and a net margin of 6.14%.

LEA has been the subject of several research analyst reports. Morgan Stanley lowered their price target on shares of Lear from $214.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. JPMorgan Chase & Co. lowered their price target on shares of Lear from $209.00 to $198.00 and set a “neutral” rating for the company in a report on Friday, July 27th. Zacks Investment Research upgraded shares of Lear from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Goldman Sachs Group upgraded shares of Lear from a “neutral” rating to a “buy” rating and set a $195.00 price target for the company in a report on Thursday, October 11th. Finally, Citigroup lowered their price target on shares of Lear from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $201.60.

Shares of NYSE:LEA traded down $1.06 during trading on Tuesday, hitting $133.91. 580,879 shares of the company were exchanged, compared to its average volume of 789,944. The company has a market capitalization of $8.65 billion, a PE ratio of 7.88 and a beta of 1.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.37. Lear has a 1-year low of $128.05 and a 1-year high of $206.36.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Friday, December 7th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.80 dividend on an annualized basis and a yield of 2.09%. Lear’s payout ratio is 16.47%.

In related news, Director Richard Harold Bott sold 789 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $135.13, for a total value of $106,617.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Lear by 23.3% during the second quarter. FMR LLC now owns 1,599,498 shares of the auto parts company’s stock valued at $297,203,000 after acquiring an additional 302,664 shares during the last quarter. Bank of Montreal Can bought a new stake in Lear during the second quarter valued at $266,584,000. Boston Partners boosted its position in Lear by 36.6% during the second quarter. Boston Partners now owns 1,368,460 shares of the auto parts company’s stock valued at $254,274,000 after acquiring an additional 366,768 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Lear by 61.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,182,032 shares of the auto parts company’s stock valued at $171,394,000 after acquiring an additional 450,389 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Lear by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,013,255 shares of the auto parts company’s stock valued at $146,933,000 after acquiring an additional 35,770 shares during the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.

About Lear

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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