Q1 2017 Earnings Forecast for Lear Corporation Issued By Northcoast Research (LEA)

Q1 2017 Earnings Forecast for Lear Corporation Issued By Northcoast Research (LEA)

Lear Corporation (NYSE:LEA) – Analysts at Northcoast Research issued their Q1 2017 earnings per share (EPS) estimates for shares of Lear Corporation in a research note issued to investors on Friday. Northcoast Research analyst B. Keller expects that the firm will post earnings per share of $3.82 for the quarter. Northcoast Research also issued estimates for Lear Corporation’s Q2 2017 earnings at $4.07 EPS, Q3 2017 earnings at $3.53 EPS, Q4 2017 earnings at $4.12 EPS and FY2018 earnings at $16.88 EPS.

A number of other equities research analysts have also recently issued reports on LEA. Barclays PLC upped their price objective on shares of Lear Corporation from $134.00 to $138.00 and gave the company an “equal weight” rating in a research note on Thursday, January 12th. Robert W. Baird began coverage on shares of Lear Corporation in a research note on Monday, October 10th. They issued a “neutral” rating and a $133.00 price objective for the company. Zacks Investment Research cut shares of Lear Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. RBC Capital Markets cut shares of Lear Corporation from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $120.00 to $121.00 in a research note on Friday, October 14th. They noted that the move was a valuation call. Finally, Bank of America Corporation cut shares of Lear Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $145.00 to $115.00 in a research note on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Lear Corporation presently has a consensus rating of “Hold” and a consensus price target of $135.20.

Shares of Lear Corporation (NYSE:LEA) opened at 141.26 on Monday. Lear Corporation has a 12-month low of $93.54 and a 12-month high of $148.49. The firm has a 50-day moving average of $138.11 and a 200-day moving average of $123.24. The firm has a market capitalization of $10.04 billion, a PE ratio of 10.60 and a beta of 1.26.

Lear Corporation (NYSE:LEA) last posted its quarterly earnings results on Thursday, January 26th. The company reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.36. The business earned $4.64 billion during the quarter, compared to analysts’ expectations of $4.74 billion. Lear Corporation had a net margin of 5.25% and a return on equity of 32.24%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $3.20 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of Lear Corporation by 292.7% in the third quarter. Prudential Financial Inc. now owns 686,532 shares of the company’s stock valued at $83,222,000 after buying an additional 511,701 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of Lear Corporation by 2,184.5% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 476,476 shares of the company’s stock valued at $57,758,000 after buying an additional 455,619 shares during the period. AQR Capital Management LLC increased its stake in shares of Lear Corporation by 30.8% in the second quarter. AQR Capital Management LLC now owns 1,668,029 shares of the company’s stock valued at $169,739,000 after buying an additional 392,597 shares during the period. American Century Companies Inc. increased its stake in shares of Lear Corporation by 259.0% in the second quarter. American Century Companies Inc. now owns 531,695 shares of the company’s stock valued at $54,105,000 after buying an additional 383,579 shares during the period. Finally, Numeric Investors LLC increased its stake in shares of Lear Corporation by 74.8% in the second quarter. Numeric Investors LLC now owns 858,300 shares of the company’s stock valued at $87,341,000 after buying an additional 367,400 shares during the period. Institutional investors own 97.36% of the company’s stock.

In related news, Director Thomas P. Capo sold 1,000 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $131.82, for a total value of $131,820.00. Following the completion of the transaction, the director now directly owns 2,645 shares in the company, valued at approximately $348,663.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donald L. Runkle sold 3,900 shares of the stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $132.22, for a total transaction of $515,658.00. Following the completion of the transaction, the director now owns 3,944 shares of the company’s stock, valued at $521,475.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,920 shares of company stock valued at $1,187,123. 0.33% of the stock is owned by company insiders.

About Lear Corporation

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company operates through two segments: seating and electrical.

Related posts

Leave a Comment