Lear Co. (LEA) Expected to Post Earnings of $ 5.00 Per Share

Business



[ad_1]

Lear logo "title =" Lear logo "clbad =" companylogo "/> Brokerages predict that Lear Co. (NYSE: LEA) will post $ 5.00 per share, Zacks reports. Earnings at $ 4.85 and the lowest estimate was $ 4.85, compared to $ 4.85 per share for the same period last year, which is estimated to have a positive growth rate of 13.9%. Wednesday, July 25th </p> <p> On average, badysts expect that it will report full-year earnings of $ 19.11 per share for the current financial year, with EPS rates ranging from $ 17.70 to $ 19.81 For the next year, badysts forecast that the company will post earnings of $ 20.18 per share, with an EPS based on $ 15.00 to $ 22.72. Lear </p> <p> Lear (NYSE: LEA) Last released its earnings on Thursday, April 26th. The auto parts company reported $ 5.10 per share for the quarter, topping badysts' consensus estimates of $ 4.91 by $ 0.19. Had a return on equity of 29.40% and a net margin of 6.40%. The business had revenue of $ 5.73 billion, compared to $ 5.43 billion. During the last quarter, the firm posted $ 4.27 earnings per share. The business's revenue was up 14.7% compared to the same quarter last year. </p> <p> A number of badysts have weighed in on the company. ValuEngine Learned from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 21st. Zacks Investment Research Lessons Learned from a "buy" rating for a "hold" rating in a research note on Saturday, May 26th. Robert W. Baird Increased their target price from $ 227.00 to $ 235.00 and gave the stock an "outperform" rating in a research note on Monday, June 25th. They noted that the move was a valuation call. Longbow Research reiterated a "buy" rating and issued a $ 225.00. Finally, Barclays reduced their target price from $ 200.00 to $ 199.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 17th. Nine badysts have rated the stock with a hold and have a rating badigned to the company. Currently trading at $ 204.82. </p> <p> LEA stock traded up $ 0.93 during midday trading on Friday, reaching $ 188.14. The company 's stock had a trading volume of 13,561 shares, compared to its average volume of 763,866. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.43. Lear has a year of $ 140.45 and a 1 year high of $ 206.36. The firm has a market cap of $ 12.31 billion, a price-to-earnings ratio of 11.08 and a beta of 1.48. </p> <p> The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 27th. Investors of record on Friday, June 8th was given a dividend of $ 0.70 per share. This represents a $ 2.80 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, June 7th. Lear's payout ratio is currently 16.47%. </p> <p> In related news, Director Jonathan F. Foster sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $ 203.24, for a total transaction of $ 508,100.00. The director now owns 7,381 shares of the company's stock, valued at $ 1,500,114.44. The sale was disclosed in a SEC filing, which is available through the SEC website. Also, Director Richard Harold Bott sold 1,063 shares of the firm's stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $ 202.35, for a total value of $ 215,098.05. Following the sale, the director now directly owns 1,852 shares in the company, valued at approximately $ 374,752.20. The disclosure for this sale can be found here. 0.43% of the stock is owned by the company insiders. </p> <p> Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC boosted its holdings in Lear by 338.6% in the first quarter. Penserra Capital Management LLC now owns 614 shares of the auto parts company's stock worth $ 114,000 after acquiring an additional 474 shares in the last quarter. Atlantic Trust Group LLC boosted its holdings in Lear by 137.6% in the first quarter. Atlantic Trust Group LLC now owns 815 shares of the auto parts company's stock worth $ 152,000 after acquiring an additional 472 shares in the last quarter. Rational Advisors LLC acquired a new stake in Lear in the first quarter worth $ 167,000. Lipe & Dalton acquired a new stake in Lear in the first quarter worth $ 188,000. Finally, Focused Wealth Management Inc. acquired a new stake in Lear in the fourth quarter worth $ 186,000. 89.80% of the stock is currently owned by institutional investors. </p> <p> <strong> Lear Company Profile </strong> </p> <p> Lear Corporation designs, develops, engineers, manufactures, badembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The seat and seat components, seat trims, seat trims, seat trims, seat mechanisms and seat cushions, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility <!--ViewCount:ArticleHistoryID=21084717&PostDate=2018-7-6&type=c&id=426519--> <!--Keyword: Lear,NYSE:LEA,LEA,Auto/Tires/Truck,52186520,Ratings,Consensus--> <!--Ratings:4,16,NYSE:LEA--> </p> <p> <!--Keyword: Lear,NYSE:LEA,LEA,Auto/Tires/Truck,52186520,Ratings,Consensus--> <!--Keyword: Lear,NYSE:LEA,LEA,Auto/Tires/Truck,52186520,Ratings,Consensus--> <!-- start main text --> </p> <p> A Study of the United States of America. Research, visit Zacks.com </p> <p> <!-- end inline unit --></p> <p> <!-- end main text --></p> <p> <!-- Invalidate Article --></p> <p> <!-- End Invalidate --></p> <p><!--Begin Footer Opt-In--></p> <p style= Receive News & Ratings for Daily Learned – concise daily summary of the latest news and badysts' ratings for Lear and related companies MarketBeat.com's FREE daily email newsletter.

[ad_2]
Source link

Tags

Powered by https://naaju.com/ireland | Designed by Naaju
© Copyright 2024, All Rights Reserved