Brokerages expect Lear Co. (NYSE:LEA) to announce $5.14 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Lear’s earnings, with estimates ranging from $5.10 billion to $5.18 billion. Lear reported sales of $5.58 billion during the same quarter last year, which indicates a negative year over year growth rate of 7.9%. The firm is expected to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Lear will report full year sales of $21.24 billion for the current financial year, with estimates ranging from $21.06 billion to $21.56 billion. For the next financial year, analysts forecast that the business will report sales of $22.46 billion, with estimates ranging from $21.99 billion to $22.86 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Lear.

Lear (NYSE:LEA) last posted its earnings results on Friday, April 26th. The auto parts company reported $4.00 earnings per share for the quarter, missing analysts’ consensus estimates of $4.06 by ($0.06). The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.25 billion. Lear had a return on equity of 25.28% and a net margin of 4.94%. The firm’s revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.10 earnings per share.

A number of research analysts recently weighed in on LEA shares. UBS Group boosted their target price on Lear from $143.00 to $164.00 and gave the stock a “buy” rating in a report on Wednesday, January 16th. Goldman Sachs Group restated a “buy” rating and issued a $182.00 price target (up from $163.00) on shares of Lear in a research note on Monday, January 28th. Zacks Investment Research upgraded Lear from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Tuesday, February 5th. Morgan Stanley set a $185.00 price target on Lear and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, Seaport Global Securities initiated coverage on Lear in a research note on Wednesday, February 13th. They issued a “buy” rating and a $199.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $175.57.

In related news, VP Shari L. Burgess sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $156.00, for a total value of $546,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LEA. Nissay Asset Management Corp Japan ADV lifted its position in shares of Lear by 1.0% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 7,260 shares of the auto parts company’s stock worth $985,000 after buying an additional 72 shares during the last quarter. Daiwa SB Investments Ltd. lifted its position in shares of Lear by 7.8% during the 4th quarter. Daiwa SB Investments Ltd. now owns 1,250 shares of the auto parts company’s stock worth $154,000 after buying an additional 90 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Lear by 8.8% during the 1st quarter. First Hawaiian Bank now owns 1,230 shares of the auto parts company’s stock worth $167,000 after buying an additional 100 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Lear by 4.0% during the 4th quarter. Cerity Partners LLC now owns 3,309 shares of the auto parts company’s stock worth $407,000 after buying an additional 126 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Lear by 3.6% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,730 shares of the auto parts company’s stock worth $506,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 97.57% of the company’s stock.

LEA stock opened at $136.32 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.39 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 3.06 and a beta of 1.32. Lear has a 1-year low of $114.45 and a 1-year high of $206.36.

Lear announced that its board has initiated a stock buyback plan on Thursday, February 7th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the auto parts company to purchase up to 15.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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 worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.

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Earnings History and Estimates for Lear (NYSE:LEA)

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