Lear (NYSE:LEA – Get Free Report) posted its quarterly earnings data on Thursday. The auto parts company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.57 by $0.32, Briefing.com reports. Lear had a net margin of 2.30% and a return on equity of 14.75%. The business had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the previous year, the firm posted $2.87 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. Lear updated its FY 2024 guidance to EPS.
Lear Stock Up 1.0 %
Lear stock traded up $1.01 during trading hours on Friday, hitting $99.18. 633,401 shares of the stock traded hands, compared to its average volume of 657,591. Lear has a one year low of $97.51 and a one year high of $147.11. The company has a market cap of $5.58 billion, a PE ratio of 10.62, a PEG ratio of 0.50 and a beta of 1.44. The firm’s 50-day moving average price is $109.30 and its two-hundred day moving average price is $118.06. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56.
Lear Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were given a $0.77 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $3.08 annualized dividend and a dividend yield of 3.11%. Lear’s dividend payout ratio is 32.94%.
Analysts Set New Price Targets
Read Our Latest Research Report on Lear
Lear Company Profile
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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