Lear (LEA) Expected to Announce Quarterly 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 $5.52 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Lear Stock Down 0.6 %

LEA stock opened at $95.54 on Thursday. The company has a market cap of $5.19 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.49 and a beta of 1.43. Lear has a fifty-two week low of $90.03 and a fifty-two week high of $147.11. The stock’s 50 day simple moving average is $96.10 and its 200 day simple moving average is $104.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33.

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, December 11th. Lear’s dividend payout ratio (DPR) is presently 32.39%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Lear from $106.00 to $99.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Morgan Stanley lowered 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. JPMorgan Chase & Co. dropped their price target on Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Bank of America lowered their target price on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.