Lear Corporation Common Stock (NYSE:LEA):
Lear Reports Record Third Quarter 2016 Results and Increases Full Year Outlook.
In the market the company is trading up by 0.21 percent from yesterday’s close.
Lear Corporation Common Stock also announced a dividend paid on Thursday September 22nd, 2016. The dividend payment was $0.300 per share for the quarter or $1.20 annualized. The dividend yield was $1.05. The ex-dividend date was set for Tuesday the 30th of August 2016.
The stock last traded at $121.30 which is marginally over the 50 day moving average which is $118.14 and a bit higher than the 200 day moving average of $114.31. The 50 day moving average went up by +2.68% whereas the 200 day average was up by +6.12%.
The company’s P/E ratio is 9.21 and market capitalization is 8.75B. As of the last earnings report the EPS was $13.17 and is estimated to be $13.39 for the current year with 72,099,000 shares currently outstanding. Next quarter’s EPS is estimated at $3.72 with next year’s EPS anticipated to be $14.22.
A few investment analysts have weighed in on the company. On October 14 the stock rating was downgraded from “Outperform” to “Sector Perform” in a report issued by RBC Capital. Baird started covering the stock giving it an initial rating of “Neutral”.
On October 6 the company was downgraded to “Sell” from “” in a statement from . On October 6 the company was downgraded from “Neutral” to “Sell” in an announcement from Goldman Sachs.
July 29 investment analysts at JP Morgan made no change to the company rating of “Neutral” and moved up the price target to $130.00 from $125.00. On June 21, 2016 the stock rating was rated “Neutral” by Bank of America a cut from the previous “” rating.