Lear (NYSE:LEA) Issues Quarterly Earnings Results, Beats Expectations By $0.44 EPS

Lear (NYSE:LEA) announced its earnings results on Thursday. The auto parts company reported $2.94 EPS for the quarter, beating the consensus estimate of $2.50 by $0.44, Zacks reports. Lear had a return on equity of 14.68% and a net margin of 2.33%. Lear updated its FY 2025 guidance to EPS.

Lear Stock Up 1.2 %

NYSE LEA traded up $1.12 on Thursday, reaching $94.56. The company had a trading volume of 1,426,595 shares, compared to its average volume of 688,087. The stock has a market capitalization of $5.14 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.61 and a beta of 1.42. The company’s fifty day moving average is $95.68 and its 200 day moving average is $103.23. Lear has a 52-week low of $86.28 and a 52-week high of $147.11. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57.

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 given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Wednesday, December 11th. Lear’s payout ratio is currently 32.39%.

Analyst Upgrades and Downgrades

LEA has been the topic of several analyst reports. Morgan Stanley reduced their target price on Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. cut their price target on Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Bank of America cut their price target on Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Barclays cut their price target on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Seven equities 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, the company presently has an average rating of “Hold” and an average price target of $132.18.

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.