Lear (NYSE:LEA – Get Free Report) posted its earnings results on Thursday. The auto parts company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.57 by $0.32, Briefing.com reports. Lear had a return on equity of 14.75% and a net margin of 2.30%. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the prior year, the business earned $2.87 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Lear updated its FY 2024 guidance to EPS.
Lear Price Performance
Shares of NYSE:LEA traded up $0.48 during trading on Friday, hitting $98.65. 1,052,709 shares of the company were exchanged, compared to its average volume of 659,617. The business’s 50 day moving average is $109.30 and its 200-day moving average is $118.06. The company has a market capitalization of $5.60 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.50 and a beta of 1.44. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. Lear has a 1-year low of $97.51 and a 1-year high of $147.11.
Lear Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.77 per share. The ex-dividend date was Wednesday, September 4th. This represents a $3.08 annualized dividend and a dividend yield of 3.12%. Lear’s dividend payout ratio (DPR) is presently 33.59%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on LEA
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.
Further Reading
- Five stocks we like better than Lear
- Transportation Stocks Investing
- Texas Roadhouse Stock Steering for New Highs This Year
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Industrial Products Stocks Investing
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.com's FREE daily email newsletter.