Lear (NYSE:LEA – Get Free Report) announced its quarterly earnings data on Thursday. The auto parts company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.32, Briefing.com reports. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.52 billion. Lear had a return on equity of 14.75% and a net margin of 2.30%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.87 EPS. Lear updated its FY 2024 guidance to EPS.
Lear Stock Performance
NYSE:LEA traded up $1.01 during mid-day trading on Friday, hitting $99.18. 633,401 shares of the company’s stock traded hands, compared to its average volume of 657,591. Lear has a 12 month low of $97.51 and a 12 month high of $147.11. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.50 and a beta of 1.44. The firm has a 50 day moving average of $109.30 and a two-hundred day moving average of $118.06.
Lear Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Wednesday, September 4th. Lear’s dividend payout ratio is 32.94%.
Analysts Set New Price Targets
Read Our Latest Analysis on Lear
Lear Company Profile
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.
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