Media stories about Lear Corporation (NYSE:LEA) have trended somewhat positive on Saturday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lear Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the auto parts company an impact score of 46.8598358408433 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Lear Corporation (LEA) Stake Up in Latest Report from Investec Asset Management Ltd – Modern Readers (modernreaders.com)
- GoPro Inc. Is Finally Learning From Past Mistakes (fool.com)
- Lear Corporation (NYSE:LEA) to Issue Quarterly Dividend of $0.50 (americanbankingnews.com)
- What I Learned From Having a Great Boss (fool.com)
- Paradice Investment Management LLC Marginally Raises Its Holdings in Lear Corporation (LEA) – Modern Readers (modernreaders.com)
A number of brokerages have recently issued reports on LEA. Morgan Stanley downgraded Lear Corporation from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $149.00 to $142.00 in a research report on Thursday, June 8th. Barclays PLC upped their target price on Lear Corporation from $146.00 to $152.00 and gave the company an “equal weight” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Lear Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub raised Lear Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $157.00 target price on shares of Lear Corporation in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Lear Corporation currently has a consensus rating of “Hold” and an average price target of $148.64.
Shares of Lear Corporation (NYSE LEA) traded up 0.60% on Friday, reaching $142.74. 427,351 shares of the company were exchanged. The stock has a 50 day moving average of $145.26 and a 200-day moving average of $142.88. Lear Corporation has a 52-week low of $110.77 and a 52-week high of $153.28. The company has a market capitalization of $9.72 billion, a P/E ratio of 9.51 and a beta of 1.32.
Lear Corporation (NYSE:LEA) last posted its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 EPS for the quarter, beating the Zacks’ consensus estimate of $4.11 by $0.28. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the firm posted $3.66 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that Lear Corporation will post $16.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be given a $0.50 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.40%. Lear Corporation’s payout ratio is currently 13.28%.
In other news, Director Greg C. Smith sold 2,266 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $145.12, for a total value of $328,841.92. Following the transaction, the director now directly owns 13,885 shares in the company, valued at approximately $2,014,991.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.
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.
Receive News & Ratings for Lear Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear Corporation and related companies with MarketBeat.com's FREE daily email newsletter.