NYSE:LEA - Lear Stock Price, Forecast & News

Lear trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEA."

Lear declared a quarterly dividend on Thursday, February 6th. Stockholders of record on Friday, February 28th will be given a dividend of $0.77 per share on Wednesday, March 18th. This represents a $3.08 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, February 27th. This is a positive change from Lear's previous quarterly dividend of $0.75. View Lear's Dividend History.

Lear declared that its Board of Directors has initiated a share repurchase program on Thursday, February 7th 2019, which permits the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 15.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.

Lear Co. (NYSE:LEA) released its earnings results on Tuesday, January, 28th. The auto parts company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.00 by $0.64. The auto parts company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $4.47 billion. Lear's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.05 EPS. View Lear's Earnings History.

Lear is scheduled to release their next quarterly earnings announcement on Friday, April 24th 2020. View Earnings Estimates for Lear.

Lear issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, January, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $19.4-20.2 billion, compared to the consensus revenue estimate of $19.93 billion.

14 analysts have issued 1-year target prices for Lear's stock. Their forecasts range from $105.00 to $190.00. On average, they expect Lear's stock price to reach $147.08 in the next year. This suggests a possible upside of 19.8% from the stock's current price. View Analyst Price Targets for Lear.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lear in the last year. There are currently 9 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lear.

News coverage about LEA stock has been trending negative on Sunday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lear earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned news articles about the auto parts company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Lear.

Lear saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,250,000 shares, a decrease of 12.8% from the January 15th total of 2,580,000 shares. Based on an average trading volume of 731,500 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.7% of the company's shares are short sold. View Lear's Current Options Chain.

Some companies that are related to Lear include Aptiv (APTV), Allison Transmission (ALSN), Visteon (VC), American Axle & Manufact. (AXL), Tower International (TOWR), BorgWarner (BWA), Dana (DAN), Dorman Products (DORM), Gentex (GNTX), Gentherm (THRM), LCI Industries (LCII), Modine Manufacturing (MOD), Shiloh Industries (SHLO), Spartan Motors (SPAR) and Standard Motor Products (SMP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Lear investors own include Bank of America (BAC), Alibaba Group (BABA), Home Depot (HD), Boeing (BA), NVIDIA (NVDA), Micron Technology (MU), Cisco Systems (CSCO), Lam Research (LRCX), Netflix (NFLX) and Broadcom (AVGO).

Lear's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (7.53%), FMR LLC (5.93%), Massachusetts Financial Services Co. MA (5.20%), State Street Corp (4.12%), LSV Asset Management (3.47%) and Boston Partners (2.09%). Company insiders that own Lear stock include Conrad L Mallett, Jr, Donald L Runkle, Frank C Orsini, Jay K Kunkel, Jeffrey H Vanneste, Jonathan F Foster, Matthew Simoncini, Mel Stephens, Raymond E Scott, Richard Harold Bott, Shari L Burgess, Terrence B Larkin and Thomas A Didonato. View Institutional Ownership Trends for Lear.

LEA stock was sold by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, PGGM Investments, Cubist Systematic Strategies LLC, Lord Abbett & CO. LLC, Bank of America Corp DE, Bank of Montreal Can, LSV Asset Management and First Trust Advisors LP. View Insider Buying and Selling for Lear.

LEA stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Russell Investments Group Ltd., Pzena Investment Management LLC, FMR LLC, Bank of New York Mellon Corp, Principal Financial Group Inc., Scout Investments Inc. and AQR Capital Management LLC. View Insider Buying and Selling for Lear.

Shares of LEA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of LEA stock can currently be purchased for approximately $122.76.