Lear Corporation (LEA) To Go Ex-Dividend on March 5th

Lear Corporation (NYSE:LEA) declared a quarterly dividend on Thursday, February 12th. Investors of record on Thursday, March 5th will be given a dividend of 0.77 per share by the auto parts company on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th.

Lear has increased its dividend by an average of 0.2%per year over the last three years. Lear has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lear to earn $14.97 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 20.6%.

Lear Price Performance

Shares of NYSE:LEA opened at $137.59 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 0.52. The stock has a market cap of $7.14 billion, a PE ratio of 16.88, a PEG ratio of 1.07 and a beta of 1.30. The company’s fifty day moving average is $121.51 and its 200 day moving average is $109.96. Lear has a 52 week low of $73.85 and a 52 week high of $142.84.

Lear (NYSE:LEA) last announced its quarterly earnings data on Wednesday, February 4th. The auto parts company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.74. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.78 billion. Lear had a return on equity of 13.40% and a net margin of 1.88%.The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $2.94 earnings per share. Research analysts anticipate that Lear will post 12.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Lear from $117.00 to $133.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. Morgan Stanley boosted their price objective on shares of Lear from $112.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lear in a research note on Thursday, January 22nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $121.00 target price on shares of Lear in a research note on Thursday, January 15th. Finally, Barclays set a $140.00 price target on Lear in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lear presently has an average rating of “Hold” and an average price target of $135.10.

Lear Company Profile

Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.

The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.