Media stories about Lear (NYSE:LEA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lear earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 46.2594041617236 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Filmora Introduces the First Video Editing App Built for YouTubers (prweb.com)
- Township water work not delayed by cold snap (dailyamerican.com)
- These Assets Would Be Hit Hardest By the End of Nafta (hellenicshippingnews.com)
- General Motors Plans Production of Fully Autonomous Cars (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Lear Corp. (finance.yahoo.com)
Shares of Lear (NYSE LEA) traded up $4.23 during trading on Friday, reaching $189.14. 646,300 shares of the company were exchanged, compared to its average volume of 472,839. The stock has a market cap of $12,780.00, a price-to-earnings ratio of 11.56, a PEG ratio of 1.50 and a beta of 1.44. Lear has a 1 year low of $132.01 and a 1 year high of $192.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.34 and a quick ratio of 1.09.
Lear (NYSE:LEA) last issued its quarterly earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.80 by $0.16. The firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.84 billion. Lear had a net margin of 5.79% and a return on equity of 31.79%. Lear’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $3.19 EPS. equities analysts anticipate that Lear will post 16.9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Friday, December 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Thursday, December 7th. Lear’s dividend payout ratio is presently 12.22%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Lear from a “hold” rating to a “buy” rating and set a $214.00 target price on the stock in a research note on Tuesday. Longbow Research assumed coverage on shares of Lear in a research note on Friday, January 5th. They set a “buy” rating and a $225.00 target price on the stock. ValuEngine raised shares of Lear from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Cowen reissued a “buy” rating and set a $196.00 target price on shares of Lear in a research note on Friday, October 27th. Finally, Barclays increased their target price on shares of Lear from $171.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $179.50.
In related news, EVP Terrence B. Larkin sold 1,137 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $177.74, for a total value of $202,090.38. Following the transaction, the executive vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $1,228,538.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mel Stephens sold 796 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $179.00, for a total transaction of $142,484.00. Following the completion of the transaction, the senior vice president now directly owns 40,000 shares in the company, valued at $7,160,000. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.
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Lear 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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