Lear Corporation (NYSE:LEA) Earns Daily Media Sentiment Rating of 0.14
News articles about Lear Corporation (NYSE:LEA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lear Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the auto parts company an impact score of 47.1235439774806 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- GoPro Inc. Is Finally Learning From Past Mistakes (fool.com)
- Lear Corporation (NYSE:LEA) to Issue Quarterly Dividend of $0.50 (americanbankingnews.com)
- What I Learned From Having a Great Boss (fool.com)
- Paradice Investment Management LLC Marginally Raises Its Holdings in Lear Corporation (LEA) – Modern Readers (modernreaders.com)
- Norges Bank Raises Its Ownership in Lear Corporation (LEA) Stock – Modern Readers (modernreaders.com)
Shares of Lear Corporation (NYSE LEA) traded up 0.60% on Friday, reaching $142.74. The company had a trading volume of 427,351 shares. The company has a market capitalization of $9.72 billion, a PE ratio of 9.51 and a beta of 1.32. Lear Corporation has a one year low of $110.77 and a one year high of $153.28. The company’s 50-day moving average is $145.12 and its 200-day moving average is $142.87.
Lear Corporation (NYSE:LEA) last posted its quarterly earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.28. The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.89 billion. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.66 earnings per share. Equities research analysts predict that Lear Corporation will post $16.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.40%. The ex-dividend date is Tuesday, August 29th. Lear Corporation’s dividend payout ratio is presently 13.28%.
A number of research analysts have recently commented on LEA shares. Robert W. Baird upgraded Lear Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $160.00 to $161.00 in a research note on Thursday, April 20th. Barclays PLC reiterated an “equal weight” rating and issued a $134.00 price target (down from $138.00) on shares of Lear Corporation in a research note on Saturday, April 22nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $149.00 price target on shares of Lear Corporation in a research note on Thursday, April 27th. Seaport Global Securities upgraded Lear Corporation from a “neutral” rating to a “buy” rating and set a $163.00 price target for the company in a research note on Thursday, May 4th. Finally, Morgan Stanley cut Lear Corporation from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $149.00 to $142.00 in a research note on Thursday, June 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $148.64.
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In other Lear Corporation news, Director Greg C. Smith sold 2,266 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $145.12, for a total value of $328,841.92. Following the completion of the sale, the director now directly owns 13,885 shares of the company’s stock, valued at $2,014,991.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.
About Lear Corporation
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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