Lear (NYSE:LEA) Posts Quarterly Earnings Results

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 Stock Performance

Lear stock opened at $96.01 on Friday. Lear has a fifty-two week low of $86.28 and a fifty-two week high of $147.11. The stock’s 50 day simple moving average is $95.59 and its two-hundred day simple moving average is $103.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.32. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.62 and a beta of 1.42.

Lear Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LEA shares. Bank of America cut their price target on shares of Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, October 14th. TD Cowen dropped their target price on Lear from $142.00 to $125.00 and set a “buy” rating for the company in a report on Friday, October 25th. Morgan Stanley decreased their price target on Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company boosted their price objective on Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Lear has an average rating of “Hold” and an average target price 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.