Lear (NYSE:LEA – Get Free Report) posted its quarterly earnings data on Thursday. The auto parts company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.32, Briefing.com reports. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.52 billion. Lear had a return on equity of 14.75% and a net margin of 2.30%. Lear’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.87 earnings per share. Lear updated its FY 2024 guidance to EPS.
Lear Stock Up 0.5 %
NYSE LEA traded up $0.48 during trading hours on Friday, hitting $98.65. The company’s stock had a trading volume of 1,052,709 shares, compared to its average volume of 659,617. Lear has a 52 week low of $97.51 and a 52 week high of $147.11. The company has a market capitalization of $5.60 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.50 and a beta of 1.44. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The company’s 50-day simple moving average is $109.30 and its two-hundred day simple moving average is $118.06.
Lear Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were given a dividend of $0.77 per share. The ex-dividend date was Wednesday, September 4th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.12%. Lear’s dividend payout ratio (DPR) is presently 33.59%.
Analysts Set New Price Targets
Check Out Our Latest 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.
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