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. The Company serves the automotive and light truck market. The Seating segment consists of the design, development, engineering, just-in-time assembly and delivery of complete seat systems, as well as the design, development, engineering and manufacture of all seat components, including seat covers and surface materials, such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-Systems segment consists of the design, development, engineering, manufacture, assembly and supply of electrical distribution systems, electronic modules and related components and software for light vehicles across the world.
Industry, Sector and Symbol:
- Sector: Auto/Tires/Trucks
- Industry: Auto, Truck & Motorcycle Parts - NEC
- Sub-Industry: Auto Parts & Equipment
- Symbol: NYSE:LEA
- CUSIP: 52186520
- Web: www.lear.com
- Market Cap: $9.66093 billion
- Outstanding Shares: 68,064,000
- 50 Day Moving Avg: $145.91
- 200 Day Moving Avg: $142.88
- 52 Week Range: $110.77 - $153.28
Sales & Book Value:
- Trailing P/E Ratio: 9.46
- Foreward P/E Ratio: 8.17
- P/E Growth: 2.05
- Annual Revenue: $19.29 billion
- Price / Sales: 0.50
- Book Value: $53.21 per share
- Price / Book: 2.67
- Annual Dividend: $2.00
- Dividend Yield: 1.4%
- EBIDTA: $1.97 billion
- Net Margins: 5.51%
- Return on Equity: 32.34%
- Return on Assets: 10.51%
- Debt-to-Equity Ratio: 0.50%
- Current Ratio: 1.28%
- Quick Ratio: 1.06%
- Average Volume: 685,683 shs.
- Beta: 1.32
- Short Ratio: 4.41
Frequently Asked Questions for Lear Corporation (NYSE:LEA)
What is Lear Corporation's stock symbol?
Lear Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEA."
How often does Lear Corporation pay dividends? What is the dividend yield for Lear Corporation?
Lear Corporation announced a quarterly dividend on Thursday, August 10th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.50 per share on Tuesday, September 19th. This represents a $2.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, August 29th. View Lear Corporation's Dividend History.
How will Lear Corporation's stock buyback program work?
Lear Corporation announced that its Board of Directors has authorized a share buyback plan on Saturday, April 8th 2017, which authorizes the company to repurchase $659,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
How were Lear Corporation's earnings last quarter?
Lear Corporation (NYSE:LEA) released its quarterly earnings results on Wednesday, July, 26th. The company reported $4.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.28. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.89 billion. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.66 earnings per share. View Lear Corporation's Earnings History.
When will Lear Corporation make its next earnings announcement?
Where is Lear Corporation's stock going? Where will Lear Corporation's stock price be in 2017?
10 equities research analysts have issued 1 year price targets for Lear Corporation's shares. Their forecasts range from $107.00 to $175.00. On average, they anticipate Lear Corporation's stock price to reach $147.60 in the next twelve months. View Analyst Ratings for Lear Corporation.
What are analysts saying about Lear Corporation stock?
Here are some recent quotes from research analysts about Lear Corporation stock:
- 1. According to Zacks Investment Research, "Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. The seating segment consists of the manufacture, assembly and supply of vehicle seating requirements. The Company produces seat systems for automobiles and light trucks that are fully assembled and ready for installation. The electrical and electronic segment consists of the manufacture, assembly and supply of electrical and electronic systems and components for the vehicle. The Company is able to provide its customers with engineering and design solutions and manufactured systems, modules and components that optimally integrate the electrical distribution system of wiring, terminals and connectors, junction boxes and electronic modules within the overall architecture of the vehicle. Lear Corporation is headquartered in Southfield, Michigan. " (7/19/2017)
- 2. Robert W. Baird analysts commented, "has played out," (4/20/2017)
Who are some of Lear Corporation's key competitors?
Some companies that are related to Lear Corporation include Magna International (MGA), BorgWarner (BWA), Autoliv (ALV), GKN plc (GKN), Visteon Corporation (VC), Dana Incorporated (DAN), Tenneco (TEN), Cooper-Standard Holdings (CPS), Meritor (MTOR), Fox Factory Holding Corp. (FOXF), Gentherm (THRM), Motorcar Parts of America (MPAA), Stoneridge (SRI), Horizon Global Corporation (HZN), Superior Industries International (SUP), China XD Plastics Company Limited (CXDC), Fenix Parts (FENX) and Torotrak plc (TRK).
Who are Lear Corporation's key executives?
Lear Corporation's management team includes the folowing people:
- Matthew J. Simoncini, President, Chief Executive Officer, Director
- Jeffrey H. Vanneste, Chief Financial Officer, Senior Vice President
- Terrence B. Larkin, Executive Vice President - Business Development, General Counsel, Corporate Secretary
- Raymond E. Scott Jr., Executive Vice President, President - Seating
- Thomas A. DiDonato, Senior Vice President - Human Resources
- Melvin L. Stephens, Senior Vice President - Communications, Corporate and Investor Relations
- Jay K. Kunkel, Senior Vice President, President, Asia-Pacific Operations
- Frank C. Orsini, Senior Vice President and President - E-Systems
- Amy A. Doyle, Principal Accounting Officer
- Shari L. Burgess, Vice President, Treasurer and Chief Diversity Officer
Who owns Lear Corporation stock?
Lear Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.42%), BlackRock Inc. (8.60%), LSV Asset Management (3.67%), Bank of Montreal Can (2.58%), AJO LP (2.43%) and State Street Corp (2.37%). Company insiders that own Lear Corporation stock include Conrad L Mallett Jr, Donald L Runkle, Greg C Smith, James L Murawski, Jay K Kunkel, Jeffrey H Vanneste, Jonathan F Foster, Matthew Simoncini, Mel Stephens, Shari L Burgess, Terrence B Larkin, Thomas A Didonato and Thomas P Capo. View Institutional Ownership Trends for Lear Corporation.
Who sold Lear Corporation stock? Who is selling Lear Corporation stock?
Lear Corporation's stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of Montreal Can, FMR LLC, American Century Companies Inc., First Quadrant L P CA, Prudential Financial Inc., JPMorgan Chase & Co. and State Street Corp. Company insiders that have sold Lear Corporation stock in the last year include Conrad L Mallett Jr, Donald L Runkle, Greg C Smith, Jay K Kunkel, Jeffrey H Vanneste, Jonathan F Foster, Matthew Simoncini, Mel Stephens, Shari L Burgess, Terrence B Larkin, Thomas A Didonato and Thomas P Capo. View Insider Buying and Selling for Lear Corporation.
Who bought Lear Corporation stock? Who is buying Lear Corporation stock?
Lear Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Koch Industries Inc., Ardevora Asset Management LLP, Harbour Capital Advisors LLC, Vanguard Group Inc., Great West Life Assurance Co. Can, Old Mutual Global Investors UK Ltd. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Lear Corporation.
How do I buy Lear Corporation stock?
Shares of Lear Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Lear Corporation's stock price today?
MarketBeat Community Rating for Lear Corporation (NYSE LEA)MarketBeat's community ratings are surveys of what our community members think about Lear Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Lear Corporation stock can currently be purchased for approximately $142.06.
Consensus Ratings for Lear Corporation (NYSE:LEA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 3 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.10)|
|Consensus Price Target: ||$147.60 (3.90% upside)|
Analysts' Ratings History for Lear Corporation (NYSE:LEA)
(Data available from 8/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/27/2017||Barclays PLC||Boost Price Target||Equal Weight||$146.00 -> $152.00||Low|
|7/12/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$157.00||Low|
|6/16/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$135.00 -> $110.00||High|
|6/8/2017||Morgan Stanley||Downgrade||Equal Weight -> Underweight||$149.00 -> $142.00||High|
|5/4/2017||Seaport Global Securities||Upgrade||Neutral -> Buy||$163.00||Medium|
|4/20/2017||Robert W. Baird||Upgrade||Neutral -> Outperform||$160.00 -> $161.00||High|
|3/31/2017||Berenberg Bank||Initiated Coverage||Buy -> Buy||$175.00||Low|
|1/4/2017||Evercore ISI||Downgrade||Buy -> Hold||$140.00 -> $142.00||N/A|
|10/6/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral -> Sell||$116.00 -> $107.00||N/A|
|8/2/2016||Citigroup Inc.||Boost Price Target||Buy||$145.00 -> $153.00||N/A|
|7/29/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$129.00 -> $130.00||N/A|
|1/29/2016||Credit Suisse Group||Lower Price Target||Outperform||$134.00 -> $124.00||N/A|
|1/25/2016||Deutsche Bank AG||Boost Price Target||Hold||$127.00 -> $134.00||N/A|
|12/3/2015||Susquehanna Bancshares Inc||Reiterated Rating||Neutral||$95.00 -> $100.00||N/A|
Earnings History for Lear Corporation (NYSE:LEA)Earnings History by Quarter for Lear Corporation (NYSE LEA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$4.11||$4.39||$4.89 billion||$5.12 billion||View||N/A|
|4/26/2017||Q1 2017||$3.95||$4.27||$4.93 billion||$5.00 billion||View||N/A|
|1/26/2017||Q416||$3.44||$3.80||$4.74 billion||$4.64 billion||View||N/A|
|10/26/2016||Q316||$2.96||$3.19||$4.45 billion||$4.50 billion||View||Listen|
|7/28/2016||Q216||$3.32||$3.66||$4.86 billion||$4.70 billion||View||Listen|
|4/27/2016||Q116||$2.77||$3.40||$4.67 billion||$4.70 billion||View||Listen|
|1/28/2016||Q415||$2.87||$3.20||$4.72 billion||$4.72 billion||View||Listen|
|10/23/2015||Q315||$2.38||$2.56||$4.42 billion||$4.30 billion||View||Listen|
|7/24/2015||Q215||$2.48||$2.82||$4.69 billion||$4.60 billion||View||Listen|
|4/24/2015||Q115||$2.19||$2.28||$4.54 billion||$4.50 billion||View||N/A|
|1/30/2015||Q414||$2.07||$2.27||$4.51 billion||$4.50 billion||View||N/A|
|10/24/2014||Q314||$1.89||$1.93||$4.28 billion||$4.20 billion||View||Listen|
|7/25/2014||Q214||$1.96||$2.12||$4.43 billion||$4.59 billion||View||Listen|
|4/25/2014||Q114||$1.70||$1.84||$4.28 billion||$4.40 billion||View||Listen|
|1/31/2014||Q413||$1.59||$1.55||$4.05 billion||$4.30 billion||View||Listen|
|10/25/2013||Q313||$1.30||$1.45||$3.83 billion||$3.90 billion||View||Listen|
|7/26/2013||Q2 2013||$1.34||$1.62||$3.87 billion||$4.10 billion||View||Listen|
|4/25/2013||Q1 2013||$1.09||$1.30||$3.68 billion||$3.90 billion||View||Listen|
|2/1/2013||Q4 2012||$1.35||$1.48||$3.50 billion||$3.72 billion||View||Listen|
|10/26/2012||Q212||$1.19||$1.29||$3.43 billion||$3.50 billion||View||N/A|
Earnings Estimates for Lear Corporation (NYSE:LEA)
2017 EPS Consensus Estimate: $15.72
2018 EPS Consensus Estimate: $17.25
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Lear Corporation (NYSE:LEA)
|Dividend Growth:||20.80% (3 Year Average)|
|Payout Ratio:||13.28% (Trailing 12 Months of Earnings) |
12.03% (Based on This Year's Estimates)
11.50% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Lear Corporation (NYSE LEA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Lear Corporation (NYSE:LEA)
Insider Ownership Percentage: 0.49%Insider Trades by Quarter for Lear Corporation (NYSE:LEA)
Institutional Ownership Percentage: 96.59%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/22/2017||Greg C Smith||Director||Sell||2,266||$145.12||$328,841.92|| |
|3/13/2017||Thomas P Capo||Director||Sell||1,500||$146.31||$219,465.00|| |
|3/9/2017||Mel Stephens||SVP||Sell||21,132||$144.55||$3,054,630.60|| |
|2/28/2017||Conrad L Mallett Jr||Director||Sell||35||$141.78||$4,962.30|| |
|2/17/2017||Jay K Kunkel||Insider||Sell||6,347||$142.70||$905,716.90|| |
|2/17/2017||Jeffrey H Vanneste||CFO||Sell||27,791||$142.70||$3,965,775.70|| |
|2/17/2017||Matthew Simoncini||CEO||Sell||96,980||$142.71||$13,840,015.80|| |
|2/17/2017||Shari L Burgess||VP||Sell||8,233||$142.70||$1,174,849.10|| |
|2/17/2017||Terrence B Larkin||EVP||Sell||31,084||$142.70||$4,435,686.80|| |
|2/17/2017||Thomas A Didonato||SVP||Sell||17,374||$142.70||$2,479,269.80|| |
|12/12/2016||Terrence B Larkin||EVP||Sell||4,020||$134.24||$539,644.80|| |
|12/7/2016||Donald L Runkle||Director||Sell||3,900||$132.22||$515,658.00|| |
|12/1/2016||Thomas P Capo||Director||Sell||1,000||$131.82||$131,820.00|| |
|9/28/2016||Jonathan F Foster||Director||Sell||1,500||$119.24||$178,860.00|| |
|6/28/2016||Conrad L Mallett Jr||Director||Sell||100||$100.99||$10,099.00|| |
|6/7/2016||Jay K Kunkel||Insider||Sell||653||$116.32||$75,956.96|| |
|5/20/2016||Greg C Smith||Director||Sell||1,000||$113.95||$113,950.00|| |
|2/19/2016||James L Murawski||CAO||Sell||8,167||$103.86||$848,224.62|| |
|2/19/2016||Jay K Kunkel||Insider||Sell||5,088||$103.86||$528,439.68|| |
|2/19/2016||Jeffrey H Vanneste||CFO||Sell||32,318||$103.86||$3,356,547.48|| |
|2/19/2016||Matthew Simoncini||CEO||Sell||123,162||$103.86||$12,791,605.32|| |
|2/19/2016||Shari L Burgess||VP||Sell||9,550||$103.86||$991,863.00|| |
|2/19/2016||Terrence B Larkin||EVP||Sell||44,349||$103.86||$4,606,087.14|| |
|2/19/2016||Thomas A Didonato||SVP||Sell||26,964||$103.86||$2,800,481.04|| |
|12/1/2015||Thomas P. Capo||Director||Sell||2,532||$126.48||$320,247.36|| |
|10/29/2015||Donald L. Runkle||Director||Sell||5,206||$124.38||$647,522.28|| |
|5/15/2015||Greg C Smith||Director||Sell||1,000||$114.35||$114,350.00|| |
|5/7/2015||Terrence B Larkin||EVP||Sell||1,427||$111.20||$158,682.40|| |
|3/17/2015||Kathleen Ligocki||Director||Buy||2,500||$108.30||$270,750.00|| |
|2/20/2015||Jeffrey H Vanneste||CFO||Sell||20,451||$108.32||$2,215,252.32|| |
|2/20/2015||Matthew Simoncini||CEO||Sell||70,323||$108.32||$7,617,387.36|| |
|2/20/2015||Shari L Burgess||VP||Sell||6,514||$108.32||$705,596.48|| |
|2/20/2015||Terrence B Larkin||EVP||Sell||30,355||$108.32||$3,288,053.60|| |
|2/20/2015||Thomas A Didonato||SVP||Sell||16,177||$108.32||$1,752,292.64|| |
|5/23/2014||Richard Harold Bott||Director||Buy||1,000||$86.88||$86,880.00|| |
|5/16/2014||Greg Smith||Director||Sell||1,000||$84.32||$84,320.00|| |
|4/29/2014||Jeffrey Vanneste||CFO||Sell||4,000||$82.20||$328,800.00|| |
|3/14/2014||Richard Harold Bott||Director||Buy||1,000||$81.14||$81,140.00|| |
|2/18/2014||Frank Orsini||VP||Sell||7,751||$76.63||$593,959.13|| |
|2/18/2014||Matthew Simoncini||CEO||Sell||31,478||$76.63||$2,412,159.14|| |
|2/18/2014||Terrence Larkin||EVP||Sell||16,700||$76.63||$1,279,721.00|| |
|12/16/2013||Mel Stephens||SVP||Sell||15,778||$82.50||$1,301,685.00|| |
|5/20/2013||Raymond E Scott||EVP||Sell||3,586||$60.89||$218,351.54|| |
|5/17/2013||Frank C Orsini||VP||Sell||1,350||$61.19||$82,606.50|| |
|5/17/2013||Terrence B Larkin||EVP||Sell||3,586||$61.02||$218,817.72|| |
|11/12/2012||Frank C Orsini||VP||Sell||9,571||$41.53||$397,483.63|| |
|11/12/2012||Terrence B Larkin||EVP||Sell||28,329||$41.53||$1,176,503.37|| |
Headline Trends for Lear Corporation (NYSE:LEA)
Latest Headlines for Lear Corporation (NYSE:LEA)
Lear Corporation (LEA) Chart for Sunday, August, 20, 2017