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 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Thursday, December 5th.
NYSE LEA opened at $121.94 on Tuesday. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 3.59 and a beta of 1.46. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.35. Lear has a one year low of $105.10 and a one year high of $160.00. The company’s 50 day moving average price is $122.06 and its 200 day moving average price is $123.70.
Lear (NYSE:LEA) last released its quarterly earnings data on Friday, October 25th. The auto parts company reported $3.54 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same period in the previous year, the firm earned $4.09 earnings per share. Lear’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts forecast that Lear will post 13.4 EPS 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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