Media coverage about Lear Corporation (NYSE:LEA) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lear Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the auto parts company an impact score of 46.3652218640872 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
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- Lear Corporation (LEA) Expected to Announce Quarterly Sales of $4.82 Billion (americanbankingnews.com)
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- Kinetica to Host Webinar on Using an AI Database for Machine Learning and Deep Learning Featuring Research Analyst Michael Gualtieri (feeds.benzinga.com)
Shares of Lear Corporation (LEA) traded up 1.70% during trading on Tuesday, reaching $155.59. 607,100 shares of the company’s stock traded hands. Lear Corporation has a 1-year low of $110.77 and a 1-year high of $155.71. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 10.37 and a beta of 1.31. The company has a 50 day moving average of $146.68 and a 200-day moving average of $143.56.
Lear Corporation (NYSE:LEA) last issued its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.11 by $0.28. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the company earned $3.66 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts predict that Lear Corporation will post $16.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, August 29th. Lear Corporation’s dividend payout ratio is presently 13.28%.
A number of equities analysts have recently commented on LEA shares. Robert W. Baird reaffirmed a “buy” rating and issued a $178.00 target price on shares of Lear Corporation in a report on Friday, September 1st. Zacks Investment Research cut shares of Lear Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Bank of America Corporation cut shares of Lear Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the company from $135.00 to $110.00 in a report on Friday, June 16th. Guggenheim started coverage on shares of Lear Corporation in a report on Wednesday, June 21st. They issued a “buy” rating and a $167.00 target price on the stock. Finally, Barclays PLC lifted their target price on shares of Lear Corporation from $146.00 to $152.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $150.18.
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Lear Corporation Company Profile
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.
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