Media headlines about Lear Corporation (NYSE:LEA) have trended somewhat positive on Wednesday, according to Accern. 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 publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lear Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 45.9672090930968 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- The One Thing Today’s Investors Should Learn From the Great Depression (fool.com)
- Global Automotive Wiring Harness Market – Fujikura, Kyungshin, Lear Corporation, Furukawa, Coroplast, PKC Group, THB Group (sbwire.com)
- Global Automotive Wiring Harness Market – Fujikura, Kyungshin, Lear Corporation, Furukawa, Coroplast, PKC Group … – Digital Journal (digitaljournal.com)
- What Do You Say about Overbought stock: Lear Corporation (LEA) – Voice Of Analysts (analystsbuzz.com)
- Is Lear Corporation (LEA) a Great Stock for Value Investors? – Nasdaq (nasdaq.com)
Lear Corporation (NYSE:LEA) opened at 172.82 on Wednesday. The company has a market capitalization of $11.76 billion, a P/E ratio of 11.51 and a beta of 1.35. Lear Corporation has a 12 month low of $110.77 and a 12 month high of $177.24. The firm has a 50-day moving average price of $161.30 and a 200 day moving average price of $147.65.
Lear Corporation (NYSE:LEA) last released its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.11 by $0.28. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the firm posted $3.66 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Analysts expect that Lear Corporation will post $16.56 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. Lear Corporation’s dividend payout ratio (DPR) is currently 13.28%.
A number of brokerages recently weighed in on LEA. Zacks Investment Research downgraded Lear Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Cowen and Company began coverage on Lear Corporation in a research note on Monday, September 25th. They issued an “outperform” rating and a $195.00 price objective on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $157.00 price objective on shares of Lear Corporation in a research note on Wednesday, July 12th. BidaskClub downgraded Lear Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, KeyCorp reissued a “buy” rating and issued a $180.00 price objective on shares of Lear Corporation in a research note on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $165.36.
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In other news, Director Henry D. G. Wallace sold 4,139 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $166.71, for a total transaction of $690,012.69. Following the transaction, the director now owns 4,100 shares in the company, valued at $683,511. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan F. Foster sold 2,854 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $173.39, for a total value of $494,855.06. Following the transaction, the director now owns 7,761 shares in the company, valued at approximately $1,345,679.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,404 shares of company stock worth $1,601,681. 0.49% of the stock is owned by corporate insiders.
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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