Lear Corporation (LEA) Earning Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Lear Corporation (NYSE:LEA) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lear Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 46.4726276467603 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Lear Corporation (LEA) Given “Buy” Rating at KeyCorp (americanbankingnews.com)
- Critical Review: Lear Corporation (LEA) and Its Peers (americanbankingnews.com)
- Lear Reaches Analyst Target Price (nasdaq.com)
- Lear : and Honeywell Collaborating on Automotive Cybersecurity Software Solutions (4-traders.com)
- Matthew Simoncini: Lear Corp. CEO funds youth education – The Detroit News (detroitnews.com)
A number of research analysts recently weighed in on the stock. KeyCorp restated a “buy” rating and issued a $180.00 price objective on shares of Lear Corporation in a report on Sunday. Barclays PLC lifted their price objective on shares of Lear Corporation from $146.00 to $152.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. BidaskClub upgraded shares of Lear Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and issued a $157.00 price objective on shares of Lear Corporation in a report on Wednesday, July 12th. Finally, ValuEngine cut shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Lear Corporation presently has an average rating of “Hold” and an average price target of $152.67.
Shares of Lear Corporation (LEA) traded up 2.24% on Friday, reaching $167.17. 1,340,354 shares of the company were exchanged. The stock has a market capitalization of $11.38 billion, a PE ratio of 11.14 and a beta of 1.31. Lear Corporation has a 1-year low of $110.77 and a 1-year high of $167.67. The company has a 50-day moving average price of $148.17 and a 200 day moving average price of $144.07.
Lear Corporation (NYSE:LEA) last posted its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.11 by $0.28. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.89 billion. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.66 EPS. On average, analysts forecast that Lear Corporation will post $16.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, August 29th. Lear Corporation’s dividend payout ratio (DPR) is presently 13.28%.
About Lear Corporation
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.
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