LEA - Lear Corporation

NYSE - NYSE Delayed Price. Currency in USD
109.38
-0.13 (-0.12%)
At close: 4:00PM EDT

109.38 0.00 (0.00%)
After hours: 4:20PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close109.51
Open113.34
Bid109.03 x 1400
Ask109.14 x 800
Day's Range108.26 - 114.49
52 Week Range63.20 - 143.50
Volume621,017
Avg. Volume797,738
Market Cap6.554B
Beta (5Y Monthly)1.63
PE Ratio (TTM)10.64
EPS (TTM)10.28
Earnings DateJul 24, 2020 - Jul 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 27, 2020
1y Target Est109.06
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-42% Est. Return
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  • Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
    Reuters

    Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns

    Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation's automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases. Mexican officials in mid-May said the automotive industry could exit the coronavirus lockdown before June 1 if approved safety measures were in place. Toyota Motor Corp and Nissan Motor Co Ltd told Reuters on Monday that they were preparing to gradually resume operations, and Honda Motor Co Ltd last Friday said it had begun a gradual return to operations.

  • Reuters

    Mexican auto industry groups urge Puebla state to allow operations to restart

    Mexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus. Puebla, where Volkswagen and its luxury brand unit Audi have major plants, said on Friday conditions "do not exist" yet for the auto industry to restart activity, while carmakers with plants in other states have signalled they are being allowed to reopen. Mexico has 68,620 confirmed coronavirus infections, 2,082 of which were registered in Puebla.

  • GM gradually restarts in Mexico as Lear Corp readies for return
    Reuters

    GM gradually restarts in Mexico as Lear Corp readies for return

    General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production. GM Mexico said the assembly plants at Ramos Arizpe in the northern state of Coahuila, and Silao in the central state of Guanajuato, could restart operations on Friday depending on suppliers, and that it was assessing when to reopen plants in the central state of San Luis Potosi, and in Toluca, near Mexico City. The steps to restart production are welcome news for the North American auto sector, with supply lines highly interconnected among the United States, Mexico and Canada.

  • Lear Joins United Nations Global Compact Initiative
    PR Newswire

    Lear Joins United Nations Global Compact Initiative

    Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, has joined the United Nations (UN) Global Compact, the world's largest corporate responsibility initiative. The announcement further demonstrates Lear's commitment as a responsible corporate citizen that innovates and creates products that ensure comfort, well-being, convenience and safety.

  • Investing.com

    Morgan Stanley Sticks to Their Hold Rating for Lear Corp

    Morgan Stanley (NYSE:MS) analyst Armintas Sinkevicius maintained a Hold rating on Lear (NYSE:LEA) Corp on Monday, setting a price target of $82, which is approximately 14.10% below the present share price of $95.46.

  • Lear (LEA) Earnings & Revenues Beat Estimates in Q1, Down Y/Y
    Zacks

    Lear (LEA) Earnings & Revenues Beat Estimates in Q1, Down Y/Y

    Lear (LEA) suspends 2020 guidance as it expects the coronavirus pandemic's impact to strain its operations in the days to come.

  • Coronavirus update: U.S. economy sheds record-setting 20.5 million jobs and New York child dies of condition linked to virus
    MarketWatch

    Coronavirus update: U.S. economy sheds record-setting 20.5 million jobs and New York child dies of condition linked to virus

    The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post–World War II high and deepening the economic crisis, while in New York, a child died of a rare condition linked to the virus.

  • Lear Corporation(LEA) Q1 2020 Earnings Call Transcript
    Motley Fool

    Lear Corporation(LEA) Q1 2020 Earnings Call Transcript

    Before we begin, I'd like to take this opportunity to remind you that as we conduct this call, we will be making forward-looking statements to assist you in understanding Lear's expectations for the future. Before I begin the formal presentation, I would like to say a few words about the current crisis.

  • Thomson Reuters StreetEvents

    Edited Transcript of LEA earnings conference call or presentation 8-May-20 12:30pm GMT

    Q1 2020 Lear Corp Earnings Call

  • GuruFocus.com

    World Markets Green on Friday

    Lear trades 10% higher after reporting 1st-quarter results Continue reading...

  • Benzinga

    Lear: Q1 Earnings Insights

    Shares of Lear (NYSE:LEA) gained 5% after the company reported Q1 results.Quarterly Results Earnings per share fell 48.75% year over year to $2.05, which beat the estimate of $1.75.Revenue of $4,458,000,000 less by 13.60% from the same period last year, which beat the estimate of $4,290,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.View more earnings on LEARevenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 08, 2020Webcast URL: https://engage.vevent.com/index.jsp?eid=8281&seid=47Price Action 52-week high: $143.50Company's 52-week low was at $63.20Price action over last quarter: down 26.47%Company Profile Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), foam, and headrests. Automotive electrical distribution systems and major electrical and electronic components include wiring harnesses, terminals and connectors, junction boxes, electronic control modules, wireless control devices, interior and exterior LED lighting systems, and audio systems and electronics.See more from Benzinga * Switch: Q1 Earnings Insights * Recap: Noble Energy Q1 Earnings * HMS Holdings: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Lear (LEA) Q1 Earnings and Revenues Beat Estimates
    Zacks

    Lear (LEA) Q1 Earnings and Revenues Beat Estimates

    Lear (LEA) delivered earnings and revenue surprises of 89.81% and 4.13%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Lear profit and sales fall but beat expectations, as COVID-19 takes a $900 million bite out of revenue

    Lear Corp. reported Friday first-quarter profit and sales that beat expectations, but declined from a year ago as the COVID-19 pandemic caused production disruptions and plant shutdowns. The maker of vehicle seats and electronic systems said net income dropped to $76.4 million, or $1.26 a share, from $228.9 million, or $3.73 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share fell to $2.05 from $4.00, but was above the FactSet consensus of $1.33. Revenue fell 13.6% to $4.46 billion, as COVID-19 shaved and estimated $900 million from revenue, but still beat the FactSet consensus of $4.22 billion. The company said it was not providing a full-year outlook given the significant uncertainty associated with the pandemic. "Our first quarter financial results were significantly impacted by production disruptions stemming from the COVID-19 pandemic," said Chief Executive Ray Scott. "We experienced plant shutdowns in China beginning in late January that were followed by shutdowns of almost all our global operations outside of China beginning in mid- to late-March." The stock, which is still inactive in premarket trading, had dropped 23.8% over the past three months, while the S&P 500 has lost 13.4%.

  • Lear Reports First Quarter 2020 Results
    PR Newswire

    Lear Reports First Quarter 2020 Results

    Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the first quarter 2020.

  • Reuters

    RPT-FOCUS-As U.S. auto supply chain revs up, worker safety fears linger in Mexico

    Workers at a Lear Corp autoparts plant in northern Mexico that saw the worst known coronavirus outbreak of any factory in the Americas are now bracing to be sent back to work. For many, it's an agonizing bind after the outbreak at Lear's Rio Bravo plant that Lear said has killed 18 employees. Part of a wider international supply chain crucial to the U.S. auto sector, they are also aware that pressures from beyond Mexico may factor into the timetable.

  • As U.S. auto supply chain revs up, worker safety fears linger in Mexico
    Reuters

    As U.S. auto supply chain revs up, worker safety fears linger in Mexico

    Workers at a Lear Corp autoparts plant in northern Mexico that saw the worst known coronavirus outbreak of any factory in the Americas are now bracing to be sent back to work. For many, it's an agonizing bind after the outbreak at Lear's Rio Bravo plant that Lear said has killed 18 employees. Part of a wider international supply chain crucial to the U.S. auto sector, they are also aware that pressures from beyond Mexico may factor into the timetable.

  • Reuters

    FOCUS-As U.S. auto supply chain revs up, worker safety fears linger in Mexico

    For many, it's an agonizing bind after the outbreak at Lear's Rio Bravo plant that Lear said has killed 18 employees. Part of a wider international supply chain crucial to the U.S. auto sector, they are also aware that pressures from beyond Mexico may factor into the timetable. "When the United States opens the automotive industry, we have to go back," said Dagoberto Galindo, 42, one of ten Lear employees at the Rio Bravo industrial park Reuters has interviewed since mid-April.

  • Lear to Hold Virtual Annual Meeting of Stockholders
    PR Newswire

    Lear to Hold Virtual Annual Meeting of Stockholders

    Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced today that it will hold its 2020 Annual Meeting of Stockholders (the "Annual Meeting") virtually due to public health concerns related to the COVID-19 pandemic and out of concern for the health and safety of meeting participants. The Annual Meeting will be held on May 21, 2020, at 9:00 a.m. EDT, as previously disclosed. Stockholders will not be able to attend the Annual Meeting in person.

  • Reuters

    Auto suppliers warn Michigan on new delays in resuming production

    Major U.S. auto suppliers told Michigan Governor Gretchen Whitmer they are ready to restart production and raised alarm about new delays to resuming operations. Due to the coronavirus pandemic, most auto suppliers halted operations in late March as automakers closed their factories. Now uncertainty about when Michigan will allow the resumption of operations is causing delays throughout the U.S. auto industry.

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

    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.

  • Lear's Groundbreaking Commerce and Services Platform, Xevo Market, Wins Automotive News PACE Award
    PR Newswire

    Lear's Groundbreaking Commerce and Services Platform, Xevo Market, Wins Automotive News PACE Award

    Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that Automotive News has recognized its innovative in-vehicle commerce platform Xevo Market as a 2020 PACE Award winner. This technology came to Lear through its 2019 acquisition of Xevo Inc., a leader in connected car software and data-driven user experiences.

  • Lear Releases Second Edition of Safe Work Playbook with New Content and Advanced Protocols for Facility Safety
    PR Newswire

    Lear Releases Second Edition of Safe Work Playbook with New Content and Advanced Protocols for Facility Safety

    Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today released the second edition of its Safe Work Playbook which provides new content for integrating health and safety protocols into day-to-day operations to help protect employees and limit the spread of COVID-19.

  • Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call
    PR Newswire

    Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call

    Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today provided an update on its liquidity position, as well as details on the Company's first quarter 2020 earnings conference call.

  • Earnings Preview: Lear (LEA) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Lear (LEA) Q1 Earnings Expected to Decline

    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.

  • Coronavirus Outbreak Tied To US-Owned Factory In Mexico
    Benzinga

    Coronavirus Outbreak Tied To US-Owned Factory In Mexico

    Officials have confirmed that a rising number of coronavirus cases are tied to maquiladoras, foreign-owned factories in Mexico that build products made strictly for export. Eleven workers who have died from the coronavirus have been linked to the Lear Corporation (NYSE: LEA) automotive factory in Juarez, Mexico. Juarez is located directly across the U.S.-Mexico border from El Paso, Texas. The Lear Corporation is based in Southfield, Michigan.In a statement, Lear officials said "during this last week, we have learned of the hospitalization of some employees from our operations in Ciudad Juarez and the unfortunate death of several of them, officially, due to complications from respiratory conditions, presumably related to the outbreak of coronavirus (COVID-19)."Lear officials did not specify how many employees have tested positive for the coronavirus or have died. Lear shut down all 42 of its factories in Mexico to comply with Mexican government orders issued March 23.Humberto Campos, chief of medical benefits at the Mexican Social Security Institute (IMSS) for the Mexican state of Chihuahua (where Juarez is located), said that 11 workers from the Lear maquiladora died after testing positive for the coronavirus. Dr. Arturo Valenzuela, with the Chihuahua state health authority for the northern zone, said they have been in "constant communication with the maquiladora industry." Valenzuela said during a recent press briefing that "the goal is to prevent explosive outbreaks of COVID-19 cases."Juarez currently has 63 confirmed cases of coronavirus, and 16 people have died. Across the border in El Paso there are 393 positive cases and six deaths.The border factories are crucial to the economies of Juarez and El Paso and are a key component of U.S.-Mexico trade. The El Paso port of entry is the 14th busiest port in the U.S. and sees around 2,600 daily truck crossings. El Paso accounted for almost $80 billion in trade during 2019.In the Juarez-El Paso area there are around 330 mostly U.S.-owned maquiladoras. The Lear factory in Juarez manufactures automotive seating systems for Mercedes, Lincoln and Mustang cars.Reports of deaths tied to maquiladoras come at a time when Mexican trade groups are pushing to reopen auto factories that have been shut down because of the coronavirus.Image: James Tourtellotte/CBPSee more from Benzinga * American Airlines, Delta Prioritize Supply Of Cargo Space * PPP, Key Tool To Keep Workers Employed, Runs Out Of Funds * Macroeconomic Updates For March – FreightWaves NOW(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.