Lear Co. (NYSE:LEA) announced a quarterly dividend on Thursday, November 14th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.75 per share by the auto parts company on Thursday, December 26th. This represents a $3.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, December 5th.
LEA traded down $3.44 during trading on Tuesday, hitting $118.50. The stock had a trading volume of 1,859 shares, compared to its average volume of 466,998. The firm has a market cap of $7.28 billion, a PE ratio of 6.52, a P/E/G ratio of 3.59 and a beta of 1.46. Lear has a 12 month low of $105.10 and a 12 month high of $160.00. The company has a current ratio of 1.35, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The company has a 50 day simple moving average of $122.06 and a 200-day simple moving average of $123.70.
Lear (NYSE:LEA) last released its earnings results on Friday, October 25th. The auto parts company reported $3.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.14 by $0.40. Lear had a net margin of 4.21% and a return on equity of 22.07%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the previous year, the business earned $4.09 EPS. The business’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Lear will post 13.4 earnings per share for the current fiscal year.
Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.
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