Lear (NYSE:LEA) Posts 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 earnings per share (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 Trading Up 1.2 %

Shares of LEA stock traded up $1.12 during trading hours on Thursday, reaching $94.56. The company’s stock had a trading volume of 1,426,595 shares, compared to its average volume of 688,087. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. Lear has a one year low of $86.28 and a one year high of $147.11. 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 firm’s fifty day simple moving average is $95.68 and its 200 day simple moving average is $103.23.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were given a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.26%. Lear’s dividend payout ratio is currently 32.39%.

Analysts Set New Price Targets

LEA has been the subject of several research reports. Bank of America cut their price target on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Morgan Stanley cut their price target on Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. JPMorgan Chase & Co. cut their price target on Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company cut their price target on Lear from $106.00 to $99.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.