Q4 2019 Earnings Forecast for Lear Co. (NYSE:LEA) Issued By KeyCorp

Lear Co. (NYSE:LEA) – Analysts at KeyCorp lifted their Q4 2019 earnings per share (EPS) estimates for Lear in a note issued to investors on Sunday, July 28th. KeyCorp analyst J. Picariello now expects that the auto parts company will earn $3.59 per share for the quarter, up from their prior forecast of $3.53. KeyCorp has a “Overweight” rating and a $170.00 price objective on the stock.

Other equities analysts have also issued reports about the company. UBS Group lowered their target price on Lear from $172.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Royal Bank of Canada lowered Lear from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $160.00 to $135.00 in a report on Wednesday, July 17th. Morgan Stanley set a $165.00 target price on Lear and gave the company a “buy” rating in a report on Wednesday, June 26th. Longbow Research reaffirmed a “buy” rating and set a $190.00 target price on shares of Lear in a report on Sunday, June 30th. Finally, Barclays reaffirmed a “hold” rating and set a $117.00 target price on shares of Lear in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Lear has a consensus rating of “Hold” and an average price target of $158.60.

NYSE:LEA opened at $121.88 on Wednesday. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 3.32 and a beta of 1.48. The company’s 50 day moving average is $134.24. Lear has a 52 week low of $114.45 and a 52 week high of $180.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 1.10.

Lear (NYSE:LEA) last posted its earnings results on Friday, July 26th. The auto parts company reported $3.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.82 by ($0.04). The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.03 billion. Lear had a net margin of 4.38% and a return on equity of 23.18%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the company posted $4.95 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of LEA. Meridian Wealth Management LLC acquired a new position in shares of Lear during the first quarter worth approximately $28,000. Pinnacle Bank acquired a new position in shares of Lear during the fourth quarter worth approximately $31,000. NEXT Financial Group Inc boosted its position in shares of Lear by 64.8% during the second quarter. NEXT Financial Group Inc now owns 422 shares of the auto parts company’s stock worth $59,000 after buying an additional 166 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Lear by 78.2% during the first quarter. Quadrant Capital Group LLC now owns 531 shares of the auto parts company’s stock worth $69,000 after buying an additional 233 shares during the period. Finally, Private Ocean LLC acquired a new position in shares of Lear during the second quarter worth approximately $77,000. Institutional investors and hedge funds own 89.26% of the company’s stock.

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 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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Earnings History and Estimates for Lear (NYSE:LEA)

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