Lear (LEA) Expected to Announce Quarterly Earnings on Thursday

Lear (NYSE:LEA) is anticipated to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $2.50 per share and revenue of $5.52 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Lear Stock Down 0.6 %

LEA stock opened at $95.54 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $96.10 and a two-hundred day moving average price of $104.21. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 0.49 and a beta of 1.43. Lear has a twelve month low of $90.03 and a twelve month high of $147.11.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.77 per share. The ex-dividend date was Wednesday, December 11th. This represents a $3.08 annualized dividend and a dividend yield of 3.22%. Lear’s dividend payout ratio is currently 32.39%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LEA shares. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Bank of America dropped their price objective on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, October 14th. Morgan Stanley lowered their price target on Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Barclays lowered their price target on Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their price objective on Lear from $106.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Lear currently has a consensus rating of “Hold” and a consensus target price of $132.18.

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 in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.