Lear Corporation Declares Quarterly Dividend of $0.77 (NYSE:LEA)

Lear Corporation (NYSE:LEA) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Wednesday, December 10th will be paid a dividend of 0.77 per share by the auto parts company on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, December 10th.

Lear has raised its dividend by an average of 0.0%annually over the last three years. Lear has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lear to earn $14.97 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 20.6%.

Lear Trading Down 3.3%

NYSE LEA opened at $99.34 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. Lear has a twelve month low of $73.85 and a twelve month high of $113.10. The firm has a market capitalization of $5.15 billion, a PE ratio of 11.59, a P/E/G ratio of 0.82 and a beta of 1.38. The stock’s 50 day moving average is $103.18 and its 200 day moving average is $100.14.

Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, October 31st. The auto parts company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.76 by $0.03. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.63 billion. Lear had a return on equity of 13.94% and a net margin of 2.05%.The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 earnings per share. Lear has set its FY 2025 guidance at EPS. Research analysts forecast that Lear will post 12.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lear

Several institutional investors have recently made changes to their positions in the business. IFP Advisors Inc grew its position in Lear by 1,384.2% during the second quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock valued at $27,000 after buying an additional 263 shares during the period. WealthCollab LLC purchased a new stake in shares of Lear in the 2nd quarter worth $28,000. Advisory Services Network LLC purchased a new stake in shares of Lear in the 3rd quarter worth $33,000. Quent Capital LLC bought a new position in Lear in the 3rd quarter worth $38,000. Finally, WPG Advisers LLC purchased a new position in Lear during the first quarter valued at $39,000. Institutional investors own 97.04% 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 in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.