LEA - Lear Corporation
| Previous Close | 106.01 |
| Open | 106.68 |
| Bid | 108.97 x 800 |
| Ask | 116.85 x 1300 |
| Day's Range | 106.32 - 109.62 |
| 52 Week Range | 105.10 - 176.05 |
| Volume | 495,041 |
| Avg. Volume | 638,484 |
| Market Cap | 6.652B |
| Beta (3Y Monthly) | 1.51 |
| PE Ratio (TTM) | 7.86 |
| EPS (TTM) | 13.86 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 3.00 (2.83%) |
| Ex-Dividend Date | 2019-08-28 |
| 1y Target Est | 142.06 |
- PR Newswire
Lear Appoints Aerospace Industry Veteran Carl Esposito as President of E-Systems
SOUTHFIELD, Mich. , Aug. 14, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today announced that it has appointed ...
- Simply Wall St.
What Should We Expect From Lear Corporation's (NYSE:LEA) Earnings Over The Next Year?
As Lear Corporation (NYSE:LEA) released its earnings announcement on 29 June 2019, analyst forecasts seem fairly...
- GuruFocus.com
Richard Pzena Boosts Halliburton, Wells Fargo Holdings
Guru’s largest buys of the 2nd quarter Continue reading...
- PR Newswire
Lear Declares Quarterly Cash Dividend
SOUTHFIELD, Mich. , Aug. 7, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today announced that its Board of ...
- Bloomberg
Sluggish Car Sales Slow Down Chipmakers as Trade Woes Escalate
(Bloomberg) -- Semiconductor companies are wincing as consumers around the globe are buying fewer cars amid continuing trade tensions between the U.S. and China.China has been a pain point for the sector as the two countries continue to spar on trade, and chipmakers had braced for slumping demand in the country to dent performance. The automotive sector has emerged as one of the biggest sources of weakness and is now threatening to dampen the chances of a recovery in the latter half of the year.It has so far been an unfortunate year for automakers, as global sales shrank 6.5% from a year earlier in the first quarter of 2019, and 7% in the next three months, according to Bloomberg Intelligence. China led the decline with car sales in the country falling for 12 consecutive months through June, amid slowing economic growth, trade-related turmoil, and a weak consumer demand, exacerbated by newer and stricter emissions rules. With the U.S. and China ratcheting the turmoil up a notch this week, some say the risks of tariffs on auto imports is now higher.Many auto parts suppliers, as well as Ford Motor Co., have reported disappointing results and issued weak forecasts for the year, citing the China slowdown. And now the effect is rippling through the rest of the supply chain, hurting chipmakers and other industrial manufacturers.“China weakness was expected, but in all honesty, we were expecting a trade deal by now,” Piper Jaffray & Co. analyst Harsh Kumar said in an interview. Kumar, who covers semiconductor stocks, said the companies supplying the automotive market were still seeing growth in radar and electrification-related products, while the traditional, gas engine segment is getting hit hard.Most of the automotive chip manufacturers have a larger piece of their business associated with traditional auto, and “that is not doing so well because there isn’t any market share or penetration to be gained; it is simply a units game,” Kumar said, referring to the fewer number of cars being sold.Maxim Integrated Products Inc., which makes chips that are used in various parts of a car including lighting, infotainment and driver assistance systems, said it expected the calendar third quarter to be slow, due to a “soft environment” for automotive production. The company’s battery management systems used in electric vehicles will also have fewer shipments, given the market uncertainty in China, the company said.The concerns were echoed by NXP Semiconductors NV, which makes components that help a car to sense its environment and process that data. Maxim and NXP’s customers include auto suppliers such as Aptiv Plc, Lear Corp. and Visteon Corp. as well as Fiat Chrysler Automobiles NV. Other chipmakers with substantial auto market exposure include Infineon Technologies AG, Analog Devices Inc., Texas Instruments Inc., and Microchip Technology Inc.Meanwhile, Rockwell Automation Inc., which counts both automotive and semiconductor sectors among its customers, saw both markets decline in the quarter ending June 30.“Overall, the combination of production cuts and reductions in component inventory is having an significant impact,” Morgan Stanley’s Craig Hettenbach, who covers semiconductors, said in an email interview. The analyst said that while the weakness is most pronounced in China, Europe has also been below expectations from the beginning of the year. “There is a lot of focus on when China will provide incentives to stimulate demand, but company and investor expectations for stimulus are pretty low right now,” Hettenbach said.A respite is not expected anytime soon. According to Moody’s, global vehicle sales are expected to fall 3.8% in 2019, amid further weakening demand in China and Western Europe. The latest round of trade war-related tarriffs could make matters even worse.To contact the reporter on this story: Esha Dey in New York at edey@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jennifer Bissell-Linsk, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
Lear Headquarters Hosts National Tour Promoting Diversity and Inclusion
SOUTHFIELD, Mich., July 30, 2019 /PRNewswire/ -- Lear Corporation (LEA), a global automotive technology leader in seating and electrical and electronic systems, today is hosting an interactive educational event for its employees to promote diversity and inclusion in the workplace. The Check Your Blind Spots tour bus is equipped with virtual reality and gaming technologies to help people recognize and minimize unconscious bias in their lives. It is the creation of the CEO Action for Diversity and Inclusion business commitment made by more than 700 CEOs and presidents, including Lear CEO and President Ray Scott, representing 85 industries and over 50 academic institutions.
- Thomson Reuters StreetEvents
Edited Transcript of LEA earnings conference call or presentation 26-Jul-19 12:30pm GMT
Q2 2019 Lear Corp Earnings Call
- Benzinga
Lear Analyst Cuts Price Target On Challenges At E-Systems Segment
Lear Corporation (NYSE: LEA ) has witnessed significant margin contraction and a decline in volumes at its E-Systems segment, according to Credit Suisse. The automotive supplier reported a second-quarter ...
- Zacks
Lear (LEA) Lags Q2 Earnings & Revenue Estimates, Down Y/Y
Lear's (LEA) second-quarter adjusted margin in the Seating and E-Systems segments are 8.2% and 8% of sales, respectively.
Motley FoolLear Corporation(LEA) Q2 2019 Earnings Call Transcript
LEA earnings call for the period ending June 30, 2019.
- Benzinga
Lear Falls After Mixed Q2 Earnings, Lowered Guidance
Lear (NYSE: LEA ) reported second-quarter earnings of $3.78 per share, which beat the analyst consensus estimate of $3.76. This is a 23.64% decrease over earnings of $4.95 per share from the same period ...
- Zacks
Lear (LEA) Misses Q2 Earnings and Revenue Estimates
Lear (LEA) delivered earnings and revenue surprises of -1.05% and -0.45%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
Lear's stock falls after profit beat but sales fell shy, and lowered guidance
Shares of Lear Corp. lost 1.8% in premarket trading Friday, after the auto parts maker reported a second-quarter profit that beat expectations, but revenue that fell a bit shy and lowered its full-year outlook. Net income fell to $182.8 million, or $2.92 a share, from $331.4 million, or $4.83 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS declined to $3.78 from $4.95 but was above the FactSet consensus of $3.71. Sales dropped 10.3% to $5.01 billion, just below the FactSet consensus of $5.02 billion. Seating sales declined 10.2% to $3.84 billion to top the FactSet consensus of $3.80 billion while electrical systems sales slipped 10.6% to $1.17 billion to miss expectations of $1.24 billion. " Lear's financial results in the second quarter were negatively impacted by continued declines in industry production, a significant number of program changeovers, slower production ramp ups on new vehicles, and continued weakening of global currencies against the U.S. dollar," said Chief Executive Ray Scott. Lear cut its 2019 sales guidance to $19.8 billion to $20.3 billion from $20.9 billion to $21.7 billion and its free cash flow outlook to $675 million to $775 million from $850 million to $950 million. The stock has shed 7.8% over the past three months through Thursday, while the Dow Jones Industrial Average has gained 2.3%.
- PR Newswire
Lear Reports Second Quarter 2019 Results
SOUTHFIELD, Mich. , July 26, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today reported results for the second ...
- Simply Wall St.
How Does Lear Corporation (NYSE:LEA) Fare As A Dividend Stock?
Dividend paying stocks like Lear Corporation (NYSE:LEA) tend to be popular with investors, and for good reason - some...
- 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.
- Benzinga
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 ...
- Benzinga
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 ...
- MarketWatch
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 Newswire
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.
- Markit
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.
- Bloomberg
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.
