- Previous Close
106.67 - Open
108.51 - Bid 103.25 x 800
- Ask 115.80 x 1000
- Day's Range
107.40 - 108.71 - 52 Week Range
101.67 - 147.11 - Volume
520,685 - Avg. Volume
635,285 - Market Cap (intraday)
6.078B - Beta (5Y Monthly) 1.45
- PE Ratio (TTM)
11.56 - EPS (TTM)
9.35 - Earnings Date Oct 24, 2024
- Forward Dividend & Yield 3.08 (2.85%)
- Ex-Dividend Date Sep 4, 2024
- 1y Target Est
150.57
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. The company's E-Systems segment provides electrical distribution and connection systems that route electrical signals and networks; and manage electrical power within the vehicle for various powertrains. This segment's products comprise wire harnesses, terminals and connectors, engineered components, and junction boxes; electronic system products, including body domain control modules, smart and passive junction boxes, gateway and communication modules, integrated power modules, and high voltage switching and power control systems. It also offers software and connected services comprising Xevo Market, an in-vehicle commerce and service platform; and software and services for the cloud, vehicles, and mobile devices. In addition, this segment provides cybersecurity software; advanced vehicle positioning for automated and autonomous driving applications; and short-range communication and cellular protocols for vehicle connectivity. It offers its products and services under the XEVO, GUILFORD, EAGLE OTTAWA, ConfigurE+, INTUTM, LEAR CONNEXUSTM, EXO, JOURNEYWARE, ProTec, SMART JUNCTION BOX, STRUCSURE, AVENTINO, and TeXstyle brands. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.
www.lear.com186,600
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Performance Overview: LEA
Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
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5-Year Return
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Statistics: LEA
View MoreValuation Measures
Market Cap
6.08B
Enterprise Value
7.90B
Trailing P/E
11.56
Forward P/E
7.36
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
0.27
Price/Book (mrq)
1.27
Enterprise Value/Revenue
0.33
Enterprise Value/EBITDA
5.38
Financial Highlights
Profitability and Income Statement
Profit Margin
2.30%
Return on Assets (ttm)
4.44%
Return on Equity (ttm)
12.32%
Revenue (ttm)
23.63B
Net Income Avi to Common (ttm)
542.9M
Diluted EPS (ttm)
9.35
Balance Sheet and Cash Flow
Total Cash (mrq)
956.5M
Total Debt/Equity (mrq)
71.85%
Levered Free Cash Flow (ttm)
832.4M
Research Analysis: LEA
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View MoreThe Argus Mid-Cap Model Portfolio
Small- and mid-cap stocks (SMID), despite bursts of outperformance, have underperformed large-caps year to date - as they have over the past five years. But they may be in a better position to generate market-beating returns going forward. SMID companies tend to focus on domestic markets, so their businesses could be less disrupted by the fallout from unrest in the Middle East, the Russian invasion of Ukraine, issues in China, or other geopolitical developments. As well, the prices of SMID stocks generally are lower than the prices of large-caps. SMID stocks can be risky, but despite those risks, diversified investors look to have exposure to small- and mid-caps based on the long-term performance record. We estimate that 20% of the U.S. stock market's capitalization is comprised of SMID stocks.
Maintaining BUY
Based in Southfield, Michigan, Lear Corp. is one of the largest providers of automotive electrical systems and seating. The company has approximately 174,000 employees in 38 countries.
RatingPrice TargetU.S. stocks rose on Thursday ahead of the April jobs report due out on Friday.
U.S. stocks rose on Thursday ahead of the April jobs report due out on Friday. Apple (AAPL) rose 6% after hours when it announced a $110 billion stock buyback plan. The two-year Treasury yield fell to 4.889% while the 10-year yield was down to 4.58%. The Dow was up 0.9%, the S&P 500 gained 0.9% and the Nasdaq rose 1.5%. Crude oil traded above $79 per barrel and gold rose $3 to $2313 per ounce.
Lear: Dropping Coverage
Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems, high-voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity. Lear's largest customer and regional market is GM and North America at 20% and 44% of 2022 revenue, respectively.
RatingPrice Target