Lear (NYSE:LEA) Announces Earnings Results

Lear (NYSE:LEA) announced its quarterly earnings data on Friday. The auto parts company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.03, Zacks reports. Lear had a net margin of 2.05% and a return on equity of 13.94%. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. Lear’s quarterly revenue was up 1.7% on a year-over-year basis. Lear updated its FY 2025 guidance to EPS.

Lear Price Performance

Lear stock opened at $104.60 on Friday. Lear has a 12-month low of $73.85 and a 12-month high of $113.10. The stock has a market capitalization of $5.57 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.82 and a beta of 1.32. The firm’s 50-day moving average is $104.20 and its two-hundred day moving average is $97.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.07.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, September 3rd. Lear’s dividend payout ratio (DPR) is currently 35.94%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Lear from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Bank of America cut shares of Lear from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $135.00 to $123.00 in a research note on Wednesday, September 10th. JPMorgan Chase & Co. upped their price target on shares of Lear from $119.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lear in a research note on Wednesday, October 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Lear in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $115.00.

Institutional Investors Weigh In On Lear

Several hedge funds have recently modified their holdings of LEA. WealthCollab LLC acquired a new stake in shares of Lear during the 2nd quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Lear by 37.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the auto parts company’s stock worth $92,000 after acquiring an additional 262 shares during the period. Empowered Funds LLC purchased a new position in shares of Lear during the 1st quarter worth about $256,000. United Services Automobile Association purchased a new position in shares of Lear during the 1st quarter worth about $267,000. Finally, Cerity Partners LLC lifted its holdings in shares of Lear by 9.5% during the 2nd quarter. Cerity Partners LLC now owns 4,296 shares of the auto parts company’s stock worth $408,000 after acquiring an additional 372 shares during the period. 97.04% of the stock is owned by institutional investors and hedge funds.

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.