LEA - Lear Corporation

NYSE - NYSE Delayed Price. Currency in USD
132.19
+3.28 (+2.54%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close128.91
Open129.78
Bid125.51 x 800
Ask136.05 x 800
Day's Range129.78 - 134.31
52 Week Range114.45 - 183.87
Volume686,808
Avg. Volume658,325
Market Cap8.23B
Beta (3Y Monthly)1.59
PE Ratio (TTM)8.38
EPS (TTM)15.77
Earnings DateJul 26, 2019
Forward Dividend & Yield3.00 (2.33%)
Ex-Dividend Date2019-06-06
1y Target Est151.78
Trade prices are not sourced from all markets
  • Car stocks under pressure as U.S., Mexico clash over trade
    Yahoo Finance Video2 months ago

    Car stocks under pressure as U.S., Mexico clash over trade

    As Trump continues to threaten tariffs, Ford, General Motors and other car stocks are under pressure. Yahoo Finance talks to Rebecca Lindland, the founder of rebeccadrives.com, to discuss.

  • Analysts Estimate Lear (LEA) to Report a Decline in Earnings: What to Look Out for
    Zacks3 days ago

    Analysts Estimate Lear (LEA) to Report a Decline in Earnings: What to Look Out for

    Lear (LEA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Benzinga5 days ago

    RBC Downgrades Lear, Says Margin Pressure To Continue Into 2020

    Lear Corporation (NYSE: LEA ) pre-announced disappointing second-quarter results Tuesday and lowered its full-year guidance. While the downward guidance revision was unsurprising, the extent to which it ...

  • Benzinga5 days ago

    Lear Analyst: E-Systems Segment To Blame For Weak Results

    Lear Corporation (NYSE: LEA ) reported preliminary second-quarter results that were short of consensus expectations and reduced its full-year financial outlook. The auto supplier has now disappointed in ...

  • Lear Joins Daimler Seeing Gloomy Outlook for Global Car Industry
    Bloomberg6 days ago

    Lear Joins Daimler Seeing Gloomy Outlook for Global Car Industry

    (Bloomberg) -- A major supplier of automotive seats joined the largest luxury-car maker in cutting its earnings forecasts as weak sales in the world’s biggest markets darkens the outlook for the industry.Lear Corp. warned investors Tuesday that net sales may drop to as low as $19.8 billion this year, down from an earlier projection of as much as $21.7 billion. The supplier of seats and electrical systems followed Mercedes-Benz maker Daimler AG in dialing back its earnings outlook, saying a second-half rebound in industry production volumes may no longer be in the cards.“We now believe general macroeconomic and industry factors will continue to put pressure on sales and earnings throughout the remainder of 2019,” Ray Scott, Lear’s chief executive officer, said in a statement.Analysts have slashed estimates for auto sales this year in China, which is going through the first slump in a generation. Carmakers are cushioning declines in the U.S. by delivering more vehicles to rental companies and other fleet customers. More consumers have been getting priced out of the market by higher financing costs and automakers’ culling of slow-selling sedans from their lineups.“It is fair to say we don’t know anyone who feared that a Lear guide down could be this bad,” Chris McNally, an analyst at Evercore ISI, wrote in a report Tuesday.Lear shares opened down as much as 7.4%, the biggest intraday plunge since November 2016. The stock was down 2.9% to $131.30 as of 11 a.m. in New York.\--With assistance from Keith Naughton.To contact the reporter on this story: Kyle Lahucik in Southfield at klahucik3@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • MarketWatch6 days ago

    Lear's stock sinks after cutting full-year guidance as industry volumes continue to decline

    Shares of Lear Corp. sank 7.6% in premarket trading Tuesday, after the automotive electrical systems company cut its full-year outlook, citing continued declines in industry production volumes and macroeconomic headwinds. The company cut its 2019 sales guidance to $19.8 billion to $20.3 billion from $20.9 billion to $21.7 billion, its adjusted net income outlook to $885 million to $965 million from $1.08 billion to $1.17 billion and its free cash flow guidance range to $675 million to $775 million from $850 million to $950 million. Core operating earnings are now expected to be $1.35 billion to $1.45 billion, down from previous guidance of $1.60 billion to $1.70 billion. "Previously, we indicated that we anticipated an increase in industry production volumes in the second half of the year and an associated improvement in sales and earnings," said Chief Executive Ray Scott. "We now believe general macroeconomic and industry factors will continue to put pressure on sales and earnings throughout the remainder of 2019." The company expects to increase its restructuring program by $60 million to $200 million. The stock has shed 13.3% over the past three months, while the Dow Jones Industrial Average has gained 3.4%.

  • PR Newswire6 days ago

    Lear Revises Full Year 2019 Outlook and Reports Preliminary Second Quarter 2019 Results

    SOUTHFIELD, Mich., July 16, 2019 /PRNewswire/ -- Lear Corporation (LEA), a global automotive technology leader in seating and electrical and electronic systems, today announced that it has revised its full year 2019 financial outlook and reported preliminary second quarter 2019 results. The Company indicated that its financial results in the first half of 2019 were negatively impacted by continued declines in industry production volumes and other macroeconomic headwinds, including continued weakening of global currencies against the U.S. dollar. "Previously, we indicated that we anticipated an increase in industry production volumes in the second half of the year and an associated improvement in sales and earnings.  We now believe general macroeconomic and industry factors will continue to put pressure on sales and earnings throughout the remainder of 2019," said Ray Scott, Lear's President and Chief Executive Officer.

  • Markit6 days ago

    See what the IHS Markit Score report has to say about Lear Corp.

    Lear Corp NYSE:LEAView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for LEA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding LEA are favorable, with net inflows of $4.61 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • They’re Actually Reinventing the Wheel to Keep Up With Robocars
    Bloomberg7 days ago

    They’re Actually Reinventing the Wheel to Keep Up With Robocars

    (Bloomberg) -- The car industry is reinventing the wheel to prepare for autonomous vehicles.Japan’s Sumitomo Rubber Industries Ltd., whose roots stretch back to when Henry Ford was building his Model T, is developing a “smart tire” that can monitor its own air pressure and temperature, and eventually respond by itself to changes in road conditions.Yet it’s more than just tires that are being changed. Koito Manufacturing Co., AGC Inc. and Lear Corp. are putting semiconductors and sensors inside headlights, glass and seats to make them as intelligent as the cars driving themselves.Alphabet Inc.’s Waymo LLC, Intel Corp.’s Mobileye NV and Baidu Inc. dominate the core technology for autonomous driving, yet suppliers still count on finding their own space in the business. Parts for advanced driver-assistance systems and autonomous driving are expected to become a $57 billion market within a decade, according to BIS Research, and old-school companies born during the early days of the automobile know they must either adapt or risk extinction.“Autonomous driving is a challenge for carmakers, but it’s a bigger challenge for conventional parts makers,” said Zhou Lei, a partner at Deloitte Tohmatsu Consulting in Tokyo. “They are striving to become the ‘five senses’ of the vehicle so they can remain relevant.”Carmakers have disclosed more than $14 billion in investments in autonomy and mobility companies since 2010, according to data compiled by BloombergNEF. Toyota Motor Corp. tops that list at about $3 billion.Though the deployment of highly autonomous commercial fleets isn’t expected to begin until at least 2022, the looming threat is that the increasingly sophisticated designs of those cars will render some ordinary parts –- and their suppliers -- unnecessary.For example, why would a self-driving vehicle that uses cameras, lasers and sensors to get around need headlights or mirrors?Smart HeadlightsThe response from century-old Koito Manufacturing is to reinvent the headlight. The Tokyo-based company, which traces its roots to making lenses for railway signal lamps in 1912, is adding sensors and artificial-intelligence chips to lamps it plans to introduce by about 2025.Positioned on the four edges of the vehicle, the lamps will be able to process information and react, such as by illuminating poorly lit crossings, signaling pedestrians that it’s safe to cross and raising an alarm to surrounding drivers by flashing a specific color.The company’s current customers include Toyota, Volkswagen AG and General Motors Co., according to data compiled by Bloomberg.“Autonomous driving will change the role of lamps,” said Yuji Yokoya, who recently retired as executive vice president of the Tokyo-based company. “We see them not just as lamps, but more as corner modules.”Tokyo-based automotive glass-maker AGC is re-imagining that product and making it part of a vehicle’s communication system.Window AntennasThe company, founded in 1907 as Asahi Glass Co. Ltd., is designing windows with built-in antennas for 5G wireless connections, allowing cars to send and receive signals with other vehicles and infrastructure. AGC’s customers include Toyota, Tesla Inc. and Sony Corp., according to data compiled by Bloomberg.An overarching challenge is to convince carmakers that the smarter -- and more expensive -- components make economic sense. Not all parts manufacturers need a radical transformation to keep up with autonomous and electric vehicles since they’ve been evolving gradually as the industry takes shape, said Deepesh Rathore, an independent automobile analyst based in Bengaluru.“A car is a car, and the shape of the tire doesn’t change,” Rathore said. “I can imagine some of those companies having to reinvent everything -- especially those working with engines and gearbox technologies.”Even components that aren’t facing an immediate existential threat are evolving. Sumitomo Rubber is researching tires that can transmit data about road conditions to the car as well as to other vehicles.Smart Tires & SeatsThe next step will be a tire that automatically adapts to road conditions. When the tire detects water, it will change the structure of its surface into one that is optimal for wet roads, said Kozaburo Nakaseko, an official in the research and development division of Sumitomo.“Tires need to become smarter,” Nakaseko said. “We cannot move into an autonomous car society without information about the roads we drive on.”The innovations aren’t just limited to Japan. In the U.S., Lear Corp. is equipping its car seats with biometric sensors to detect stress, drowsiness and changes in heart rate, and then activate treatments in response. The seats also can transmit data to a doctor or family member if necessary, the company said.Other functions include controls that let users create individual “micro-climates” where they are sitting, and noise-canceling features in the headrests, the Southfield, Michigan-based company said.“All the mechanical stuff will just slowly go away, and there is a lot of electronics coming in instead,” said Egil Juliussen, principal auto analyst with IHS Markit. “You have to change in order to survive.”\--With assistance from Mei Futonaka, Anurag Kotoky, Indranil Ghosh and Gabrielle Coppola.To contact the reporters on this story: Ma Jie in Tokyo at jma124@bloomberg.net;Nao Sano in Tokyo at nsano3@bloomberg.net;Masatsugu Horie in Tokyo at mhorie3@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Ville Heiskanen, Michael TigheFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Lear Corporation (NYSE:LEA) A Financially Sound Company?
    Simply Wall St.17 days ago

    Is Lear Corporation (NYSE:LEA) A Financially Sound Company?

    Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Lear Corporation...

  • PR Newswire27 days ago

    Lear Announces Date for Second Quarter 2019 Earnings Conference Call

    SOUTHFIELD, Mich. , June 25, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA) will hold a conference call to review the company's second quarter 2019 financial results and related matters on July 26, ...

  • Hedge Funds Have Never Been This Bullish On Lear Corporation (LEA)
    Insider Monkeylast month

    Hedge Funds Have Never Been This Bullish On Lear Corporation (LEA)

    A market surge in the first quarter, spurred by easing global macroeconomic concerns and Powell's pivot ended up having a positive impact on the markets and many hedge funds as a result. The stocks of smaller companies which were especially hard hit during the fourth quarter slightly outperformed the market during the first quarter. Unfortunately, […]

  • Lear Innovation Ventures (LIV) Partners with Plug and Play Silicon Valley
    PR Newswirelast month

    Lear Innovation Ventures (LIV) Partners with Plug and Play Silicon Valley

    SOUTHFIELD, Mich., June 13, 2019 /PRNewswire/ -- Lear Corporation (LEA), a global automotive technology leader in seating and electrical and electronic systems, and Plug and Play, a global startup accelerator and corporate innovation platform headquartered in Silicon Valley, today announced a strategic partnership focused on advancing mobility innovation in the automotive industry. The partnership will be coordinated through the Silicon Valley office of Lear Innovation Ventures (LIV) in San Mateo, California.

  • Lear (LEA) Rides on Seating & E-Systems Amid China Woes
    Zackslast month

    Lear (LEA) Rides on Seating & E-Systems Amid China Woes

    Lear's (LEA) Seating and E-Systems segments offer several growth opportunities.

  • 10 Stocks May Get Crushed if US-Mexico Trade Talks Fail
    Investopedialast month

    10 Stocks May Get Crushed if US-Mexico Trade Talks Fail

    The U.S. auto industry - and investors in auto stocks - have a huge amount at stake as President Trump prepares to impose a first round of tariffs on Mexican imports by this Monday, June 10. The automotive industry is heavily dependent on parts and vehicle imports from Mexico, and investors have much more at risk than their ownership of blue-chip companies like General Motors Co. (GM) and Ford Motor Co. (F).

  • Lear's Xevo Market and EXO Technology to be Showcased at TU Automotive Detroit
    PR Newswire2 months ago

    Lear's Xevo Market and EXO Technology to be Showcased at TU Automotive Detroit

    SOUTHFIELD, Mich. , June 5, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, will showcase the synergies between ...

  • Is It Time To Consider Buying Lear Corporation (NYSE:LEA)?
    Simply Wall St.2 months ago

    Is It Time To Consider Buying Lear Corporation (NYSE:LEA)?

    Lear Corporation (NYSE:LEA), which is in the auto components business, and is based in United States, received a lot...

  • PR Newswire2 months ago

    Lear to Participate in RBC Capital Markets Future of Mobility Conference

    SOUTHFIELD, Mich. , June 3, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, will participate in the RBC Capital ...

  • Why Trump's Mexico tariff moves will drive up the cost of spark plugs
    Yahoo Finance2 months ago

    Why Trump's Mexico tariff moves will drive up the cost of spark plugs

    Trump’s threat to impose higher tariffs on imports from Mexico is walloping the auto parts sector, which sources many products from America’s neighbor to the south.