News headlines about Lear Corporation (NYSE:LEA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lear Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 46.828422193344 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
- Ex-Dividend Reminder: RioCan REIT, Lear Corp. and Estee Lauder Cos. (nasdaq.com)
- Autoliv (ALV) & Lear Corporation (LEA) Head-To-Head Contrast (americanbankingnews.com)
- Lear Corporation (LEA) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Ford To Use Machine Learning For Credit Approvals (investorplace.com)
- Analysts Expect Lear Corporation (LEA) Will Announce Quarterly Sales of $4.82 Billion (americanbankingnews.com)
Lear Corporation (LEA) opened at 144.54 on Friday. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 9.63 and a beta of 1.32. The company’s 50-day moving average price is $146.15 and its 200-day moving average price is $143.01. Lear Corporation has a 12-month low of $110.77 and a 12-month high of $153.28.
Lear Corporation (NYSE:LEA) last issued its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.28. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.89 billion. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. Lear Corporation’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.66 EPS. Equities analysts expect that Lear Corporation will post $16.55 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.38%. Lear Corporation’s dividend payout ratio is currently 13.28%.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded Lear Corporation from a “hold” rating to a “buy” rating in a research note on Friday. 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 research note on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and set a $157.00 price objective on shares of Lear Corporation in a research note on Wednesday, July 12th. Seaport Global Securities upgraded shares of Lear Corporation from a “neutral” rating to a “buy” rating and set a $163.00 price objective on the stock in a research note on Thursday, May 4th. Finally, ValuEngine cut shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $148.64.
Lear Corporation Company Profile
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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