Lear (LEA) to Release Earnings on Thursday

Lear (NYSE:LEA) is projected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Lear to post earnings of $2.50 per share and revenue of $5.53 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Lear Price Performance

Shares of Lear stock opened at $92.89 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03. The business has a 50 day simple moving average of $95.75 and a two-hundred day simple moving average of $103.30. The stock has a market capitalization of $5.05 billion, a P/E ratio of 9.77, a PEG ratio of 0.61 and a beta of 1.42. Lear has a 12 month low of $86.28 and a 12 month high of $147.11.

Lear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 11th were issued a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a yield of 3.32%. Lear’s payout ratio is currently 32.39%.

Analyst Ratings Changes

LEA has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley reduced their price objective on Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. TD Cowen dropped their target price on Lear from $142.00 to $125.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Wells Fargo & Company reduced their price target on Lear from $106.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lear has an average rating of “Hold” and a consensus price target of $132.18.

About Lear

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.