Lear (NYSE:LEA) Announces Earnings Results, Beats Estimates By $0.44 EPS

Lear (NYSE:LEA) announced its quarterly earnings data on Thursday. The auto parts company reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.44, Zacks reports. Lear had a net margin of 2.17% and a return on equity of 14.70%. Lear updated its FY 2025 guidance to EPS.

Lear Trading Up 1.4 %

Shares of LEA stock opened at $96.01 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Lear has a 12-month low of $86.28 and a 12-month high of $147.11. The stock has a market capitalization of $5.22 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.62 and a beta of 1.42. The firm’s 50 day moving average is $95.59 and its 200 day moving average is $103.01.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $3.08 annualized dividend and a dividend yield of 3.21%. Lear’s payout ratio is 34.45%.

Analyst Ratings Changes

LEA has been the topic of a number of analyst reports. TD Cowen dropped their price target on Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Barclays reduced 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. Bank of America dropped their price target on shares of Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Morgan Stanley reduced their price objective on shares of Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Lear has an average rating of “Hold” and a consensus price target of $130.18.

About Lear

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.