$4.06 EPS Expected for Lear Co. (NYSE:LEA) This Quarter

Brokerages expect that Lear Co. (NYSE:LEA) will post earnings of $4.06 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Lear’s earnings, with estimates ranging from $3.84 to $4.55. Lear reported earnings per share of $4.95 during the same quarter last year, which suggests a negative year over year growth rate of 18%. The company is scheduled to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Lear will report full year earnings of $17.59 per share for the current financial year, with EPS estimates ranging from $17.04 to $18.11. For the next year, analysts anticipate that the business will post earnings of $19.60 per share, with EPS estimates ranging from $18.22 to $20.87. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lear.

Lear (NYSE:LEA) last released its quarterly earnings data on Friday, April 26th. The auto parts company reported $4.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.06 by ($0.06). Lear had a net margin of 4.94% and a return on equity of 25.28%. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the firm posted $5.10 EPS. Lear’s revenue was down 10.0% compared to the same quarter last year.

A number of research firms have issued reports on LEA. KeyCorp decreased their price objective on shares of Lear from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Morgan Stanley cut their target price on shares of Lear from $181.00 to $174.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. Longbow Research reaffirmed a “buy” rating and set a $190.00 target price on shares of Lear in a research note on Wednesday, April 10th. ValuEngine lowered shares of Lear from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 22nd. Finally, Seaport Global Securities began coverage on shares of Lear in a research note on Wednesday, February 13th. They set a “buy” rating and a $199.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $175.07.

LEA stock opened at $133.30 on Thursday. Lear has a 12-month low of $114.45 and a 12-month high of $206.36. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 3.03 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 1.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, June 6th. Lear’s payout ratio is currently 16.47%.

Large investors have recently bought and sold shares of the stock. Gabelli Funds LLC increased its position in shares of Lear by 7.5% in the fourth quarter. Gabelli Funds LLC now owns 8,600 shares of the auto parts company’s stock valued at $1,057,000 after acquiring an additional 600 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Lear by 18.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,091 shares of the auto parts company’s stock valued at $257,000 after acquiring an additional 331 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Lear by 59.7% in the fourth quarter. SG Americas Securities LLC now owns 6,674 shares of the auto parts company’s stock valued at $820,000 after acquiring an additional 2,494 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Lear by 16.3% in the fourth quarter. First Mercantile Trust Co. now owns 3,194 shares of the auto parts company’s stock valued at $392,000 after acquiring an additional 448 shares during the last quarter. Finally, Regal Investment Advisors LLC increased its position in shares of Lear by 6.1% in the fourth quarter. Regal Investment Advisors LLC now owns 10,419 shares of the auto parts company’s stock valued at $1,280,000 after acquiring an additional 600 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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 worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.

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Earnings History and Estimates for Lear (NYSE:LEA)

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