Wall Street analysts expect Lear Co. (NYSE:LEA) to post $5.02 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Lear’s earnings, with the highest sales estimate coming in at $5.10 billion and the lowest estimate coming in at $4.94 billion. Lear posted sales of $5.36 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The company is scheduled to report its next earnings report on Friday, January 25th.

On average, analysts expect that Lear will report full year sales of $21.41 billion for the current year, with estimates ranging from $21.14 billion to $21.78 billion. For the next year, analysts forecast that the firm will post sales of $22.13 billion, with estimates ranging from $21.49 billion to $23.08 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Lear.

Lear (NYSE:LEA) last posted its earnings results on Thursday, October 25th. The auto parts company reported $4.09 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.06). The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.95 billion. Lear had a net margin of 6.14% and a return on equity of 28.11%.

A number of research analysts have commented on LEA shares. JPMorgan Chase & Co. cut their target price on shares of Lear from $209.00 to $198.00 and set a “neutral” rating on the stock in a research report on Friday, July 27th. Morgan Stanley raised shares of Lear from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $209.00 to $214.00 in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of Lear from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Goldman Sachs Group raised shares of Lear from a “neutral” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Thursday, October 11th. Finally, Citigroup cut their target price on shares of Lear from $234.00 to $214.00 and set a “buy” rating on the stock in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $201.60.

NYSE LEA traded down $1.36 during trading on Tuesday, reaching $134.72. 526,957 shares of the company’s stock traded hands, compared to its average volume of 1,261,528. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.37. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 7.92 and a beta of 1.31. Lear has a 12-month low of $128.05 and a 12-month high of $206.36.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Friday, December 7th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, December 6th. Lear’s payout ratio is currently 16.47%.

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in Lear during the 2nd quarter worth approximately $266,584,000. Massachusetts Financial Services Co. MA grew its position in Lear by 1,004.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 731,643 shares of the auto parts company’s stock worth $135,947,000 after purchasing an additional 665,403 shares during the last quarter. Standard Life Aberdeen plc grew its position in Lear by 65.8% during the 2nd quarter. Standard Life Aberdeen plc now owns 924,394 shares of the auto parts company’s stock worth $171,785,000 after purchasing an additional 366,915 shares during the last quarter. Boston Partners grew its position in Lear by 36.6% during the 2nd quarter. Boston Partners now owns 1,368,460 shares of the auto parts company’s stock worth $254,274,000 after purchasing an additional 366,768 shares during the last quarter. Finally, Ashler Capital LLC grew its position in Lear by 55.7% during the 3rd quarter. Ashler Capital LLC now owns 997,555 shares of the auto parts company’s stock worth $144,645,000 after purchasing an additional 356,748 shares during the last quarter. 92.18% of the stock is currently owned by hedge funds and other institutional investors.

About Lear

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

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