Lear (NYSE:LEA) Announces Earnings Results

Lear (NYSE:LEA) announced its earnings results on Thursday. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.44, Zacks reports. Lear had a net margin of 2.33% and a return on equity of 14.68%. Lear updated its FY 2025 guidance to EPS.

Lear Stock Down 0.9 %

Shares of NYSE:LEA traded down $0.88 during midday trading on Friday, reaching $93.78. The company had a trading volume of 308,414 shares, compared to its average volume of 671,165. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03. Lear has a one year low of $86.28 and a one year high of $147.11. The stock’s fifty day moving average price is $95.63 and its 200-day moving average price is $103.17. The stock has a market capitalization of $5.10 billion, a P/E ratio of 9.87, a PEG ratio of 0.61 and a beta of 1.42.

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.77 per share. The ex-dividend date was Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.28%. Lear’s payout ratio is currently 32.39%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LEA shares. JPMorgan Chase & Co. lowered their target price on shares of Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. TD Cowen reduced their price target on shares of Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company increased their price target on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, UBS Group reduced their price target on shares of Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lear has a consensus rating of “Hold” and a consensus price target of $130.18.

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.