News stories about Lear (NYSE:LEA) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lear earned a daily sentiment score of -0.04 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 45.1873799630236 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- UPCEA Taps Credly to Launch Digital Badges that Recognize Excellence in Online Learning (prweb.com)
- Big Squid, Inc. Names Mark Dillon as Senior Vice President of Strategy and Alliances (prweb.com)
- Global Learning Disability Partnering 2012 to 2018 – Trends in Partnering Deals & Top Deals by Value – ResearchAndMarkets.com (markets.financialcontent.com)
- Pageflex Enjoys Positive Feedback and Growth in Q1 2018 (prweb.com)
- Automotive Upholstery Market is predicted to grow at a CAGR ~9% CAGR by 2023 : (menafn.com)
LEA has been the subject of a number of recent research reports. Zacks Investment Research upgraded Lear from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a research report on Tuesday, December 26th. ValuEngine upgraded Lear from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Longbow Research initiated coverage on Lear in a research report on Friday, January 5th. They set a “buy” rating and a $225.00 price objective for the company. Cowen reiterated a “buy” rating and set a $220.00 price objective on shares of Lear in a research report on Friday, January 19th. Finally, Barclays reiterated a “hold” rating and set a $200.00 price objective on shares of Lear in a research report on Sunday, January 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Lear has an average rating of “Buy” and an average target price of $191.11.
Lear (NYSE:LEA) last released its earnings results on Friday, January 26th. The auto parts company reported $4.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.25 by $0.13. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.27 billion. Lear had a return on equity of 30.32% and a net margin of 6.42%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.80 earnings per share. equities analysts expect that Lear will post 18.32 earnings per share for the current year.
Lear announced that its board has initiated a share buyback plan on Wednesday, February 14th that allows the company to repurchase $954.00 million in shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Wednesday, March 7th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Lear’s previous quarterly dividend of $0.50. Lear’s dividend payout ratio is presently 16.63%.
In other news, EVP Terrence B. Larkin sold 22,756 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $190.14, for a total value of $4,326,825.84. Following the completion of the sale, the executive vice president now owns 15,515 shares in the company, valued at $2,950,022.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas A. Didonato sold 9,618 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $190.16, for a total transaction of $1,828,958.88. Following the completion of the transaction, the senior vice president now directly owns 15,694 shares in the company, valued at $2,984,371.04. The disclosure for this sale can be found here. Insiders sold 261,115 shares of company stock valued at $49,699,331 in the last 90 days. Corporate 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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