Media headlines about Lear (NYSE:LEA) have been trending somewhat negative recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lear earned a coverage optimism score of -0.02 on Accern’s scale. Accern also gave news headlines about the auto parts company an impact score of 46.1060739985464 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- From Lear to leopard, another busy auction at Key’s of Aylsham (edp24.co.uk)
- Royal Shakespeare Company’s King Lear Begins at BAM (playbill.com)
- Lear (LEA) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Northern California Researchers, Educators, and Parents Gather to Discuss Strengths, Supports and Successes of Students with Learning Differences (prweb.com)
- Mystery bum flasher reveals herself (9news.com.au)
A number of equities research analysts have commented on LEA shares. Zacks Investment Research raised Lear from a “hold” rating to a “buy” rating and set a $221.00 price objective for the company in a research note on Thursday, February 1st. Cowen reissued a “buy” rating and issued a $220.00 price objective on shares of Lear in a research note on Friday, January 19th. Longbow Research started coverage on Lear in a research note on Friday, January 5th. They issued a “buy” rating and a $225.00 price objective for the company. Jefferies Group reissued a “buy” rating and issued a $231.00 price objective on shares of Lear in a research note on Monday, January 29th. Finally, Robert W. Baird reissued a “buy” rating and issued a $213.00 price objective on shares of Lear in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $194.72.
Lear (NYSE:LEA) last announced its earnings results on Friday, January 26th. The auto parts company reported $4.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.25 by $0.13. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.27 billion. Lear had a return on equity of 30.32% and a net margin of 6.42%. Lear’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.80 earnings per share. equities research analysts expect that Lear will post 18.85 earnings per share for the current year.
Lear declared that its board has authorized a stock buyback program on Wednesday, February 14th that allows the company to repurchase $954.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Wednesday, March 7th were given a $0.70 dividend. The ex-dividend date was Tuesday, March 6th. This represents a $2.80 annualized dividend and a yield of 1.48%. This is a boost from Lear’s previous quarterly dividend of $0.50. Lear’s payout ratio is currently 16.47%.
In other Lear news, VP Shari L. Burgess sold 5,373 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $190.14, for a total value of $1,021,622.22. Following the transaction, the vice president now owns 4,232 shares of the company’s stock, valued at $804,672.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Simoncini sold 100,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $190.14, for a total value of $19,014,000.00. Following the completion of the transaction, the chief executive officer now directly owns 56,818 shares in the company, valued at approximately $10,803,374.52. The disclosure for this sale can be found here. In the last three months, insiders sold 261,115 shares of company stock worth $49,699,331. Insiders own 0.49% of the company’s stock.
Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.
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