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, key seat 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 battery management 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+TM, INTUTM, LEAR CONNEXUSTM, EXOTM, JOURNEYWARE, ProTec, SMART JUNCTION BOXTM, STRUCSURETM, AVENTINO, and TeXstyleTM brands. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.
IPO Year:
Exchange: NYSE
Website: lear.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $140.00 → $120.00 | Overweight → Equal Weight | Barclays |
| 9/10/2024 | $132.00 | Hold | Deutsche Bank |
| 9/5/2024 | Peer Perform | Wolfe Research | |
| 5/10/2024 | $150.00 → $160.00 | Equal-Weight → Overweight | Morgan Stanley |
| 10/12/2023 | $177.00 | Equal Weight → Overweight | Barclays |
| 9/13/2023 | $150.00 | Neutral | UBS |
| 6/1/2023 | Neutral → Outperform | Exane BNP Paribas | |
| 2/15/2023 | $155.00 | Equal Weight | Barclays |
| 2/6/2023 | $150.00 → $145.00 | Outperform → In-line | Evercore ISI |
| 12/14/2022 | $149.00 → $139.00 | Overweight → Equal Weight | Wells Fargo |
SOUTHFIELD, Mich., Nov. 21, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on December 30, 2024, to shareholders of record at the close of business on December 11, 2024. About Lear CorporationLear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of ta
SOUTHFIELD, Mich., Oct. 24, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the third quarter 2024. Third Quarter 2024 Highlights Delivered revenue of $5.6 billion in the third quarter, compared to $5.8 billion in the third quarter of 2023Total company revenue outperformed industry volume by 3 percentage points, with 5 percentage points in E-Systems and 3 percentage points in SeatingNet income of $136 million and adjusted net income of $163 million, compared to $133 million and $170 mi
SOUTHFIELD, Mich., Oct. 2, 2024 /PRNewswire/ -- Lear Corporation will hold a conference call to review the company's third quarter 2024 financial results and related matters on October 24, 2024, at 8:00 a.m. EDT. To participate in the conference call: Webcast link: click hereToll-free calls: 877-883-0383International calls: 412-902-6506The conference code is 7307511. You also may listen to the live audio webcast of the call, in listen-only mode, on Lear's Investor Relations website at ir.lear.com. The webcast replay will be available two hours following the call. Note: The th
SOUTHFIELD, Mich., Aug. 29, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on September 11, 2024, at the Morgan Stanley 12th Annual Laguna Conference in Dana Point, California. Representing Lear will be: Jason Cardew, SVP and Chief Financial OfficerFrank Orsini, EVP and President, SeatingLear's webcast will begin at 5:00 PM EDT (2:00 PM PDT) and will run approximately 30 minutes. The webcast link will be available on the Company's website at ir.lear.com. About Lear CorporationLear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for
SOUTHFIELD, Mich., Aug. 26, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, collected eight top-three finishes – more than twice as many as the next closest competitor – in the J.D. Power 2024 U.S. Seat Quality and Satisfaction Study℠. Lear was also the only company to sweep one of the study's seven vehicle segments, taking first, second and third place in the Premium Car category. The comprehensive industry analysis conducted by J.D. Power highlights Lear's commitment to delivering world-class quality and opera
SOUTHFIELD, Mich., Aug. 15, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on September 23, 2024, to shareholders of record at the close of business on September 4, 2024. About Lear Corporation Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of
SOUTHFIELD, Mich., Aug. 12, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that Rod Lache, a distinguished former Wall Street automotive analyst, has been appointed to the Company's Board of Directors, effective August 12, 2024. LEA), a global automotive technology leader in Seating and E-Systems, today announced that Rod Lache, a distinguished former Wall Street automotive analyst, has been appointed to the Company's Board of Directors, effective August 12, 2024." alt="Lear Corporation (NYSE:LEA), a global automotive technology leader in Se
SOUTHFIELD, Mich., July 30, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today released its 2023 Sustainability Report, outlining the company's progress on its climate goals, sustainable product innovations, supplier sustainability efforts and inclusion initiatives. "Through hundreds of efficiency projects and the increased use of renewable energy at our operations around the world, we are pleased to report that Lear is making progress toward our climate goals," said Ray Scott, Lear President and CEO. "In add
SOUTHFIELD, Mich., July 25, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2024. Second Quarter 2024 Highlights Delivered record quarterly revenue of $6.0 billion in the second quarter, a modest increase compared to the second quarter of 2023Total company growth over market of 3 percentage points, with 7 percentage points in E-Systems and 2 percentage points in SeatingNet income of $173 million and adjusted net income of $206 million, compared to $169 million and $
WIP provides automated solutions and AI-based technologies for complex industrial challenges SOUTHFIELD, Mich., July 17, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, has completed its acquisition of WIP Industrial Automation ("WIP"). Lear previously announced it had entered into a definitive agreement to acquire WIP on April 29, 2024. WIP, based in Valladolid, Spain, develops, integrates, and deploys cutting-edge technologies to create customized automation solutions for production applications. WIP brings st
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Lear (NYSE:LEA) reported quarterly earnings of $3.60 per share which beat the analyst consensus estimate of $3.40 by 5.88 percent. This is a 8.11 percent increase over earnings of $3.33 per share from the same period last year. The company reported quarterly sales of $6.012 billion which missed the analyst consensus estimate of $6.036 billion by 0.40 percent. This is a 0.22 percent increase over sales of $5.999 billion the same period last year.
B of A Securities analyst John Murphy maintains Lear (NYSE:LEA) with a Buy and lowers the price target from $205 to $185.
JP Morgan analyst Ryan Brinkman maintains Lear (NYSE:LEA) with a Overweight and lowers the price target from $179 to $166.
Barclays analyst Dan Levy maintains Lear (NYSE:LEA) with a Overweight and lowers the price target from $165 to $155.
Evercore ISI Group analyst Chris McNally maintains Lear (NYSE:LEA) with a In-Line and lowers the price target from $155 to $145.
Citigroup analyst Itay Michaeli maintains Lear (NYSE:LEA) with a Neutral and lowers the price target from $141 to $127.
Throughout the last three months, 9 analysts have evaluated Lear (NYSE:LEA), offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 6 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 3 3 0 0 Analysts have recently evaluated Lear and provided 12-month price targets. The average target is $146.89, accompanied by a high estimate of $179.00 and a low estimate of $128.00. This current average represents a 1.63% decrease from th
UBS analyst Joseph Spak maintains Lear (NYSE:LEA) with a Neutral and lowers the price target from $136 to $128.
NIO Inc. (NYSE:NIO) shares are trading lower after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024. The board of directors also approved the concurrent promotion of Stanley Yu Qu, the company’s Senior Vice President of Finance, to the position of Chief Financial Officer. Before joining NIO in October 2016, Qu held several positions in financial leadership at prominent multinational companies such as Lear Corporation (NYSE:LEA)and Johnson Controls International Plc (NYSE:JCI) between 2013 and 2016. This week, NIO disclosed that it delivered 21,209 electric vehicles in June 2024, representin
SOUTHFIELD, Mich., Nov. 21, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on December 30, 2024, to shareholders of record at the close of business on December 11, 2024. About Lear CorporationLear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of ta
SOUTHFIELD, Mich., Oct. 24, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the third quarter 2024. Third Quarter 2024 Highlights Delivered revenue of $5.6 billion in the third quarter, compared to $5.8 billion in the third quarter of 2023Total company revenue outperformed industry volume by 3 percentage points, with 5 percentage points in E-Systems and 3 percentage points in SeatingNet income of $136 million and adjusted net income of $163 million, compared to $133 million and $170 mi
SOUTHFIELD, Mich., Oct. 2, 2024 /PRNewswire/ -- Lear Corporation will hold a conference call to review the company's third quarter 2024 financial results and related matters on October 24, 2024, at 8:00 a.m. EDT. To participate in the conference call: Webcast link: click hereToll-free calls: 877-883-0383International calls: 412-902-6506The conference code is 7307511. You also may listen to the live audio webcast of the call, in listen-only mode, on Lear's Investor Relations website at ir.lear.com. The webcast replay will be available two hours following the call. Note: The th
SOUTHFIELD, Mich., Aug. 15, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on September 23, 2024, to shareholders of record at the close of business on September 4, 2024. About Lear Corporation Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of
SOUTHFIELD, Mich., July 25, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2024. Second Quarter 2024 Highlights Delivered record quarterly revenue of $6.0 billion in the second quarter, a modest increase compared to the second quarter of 2023Total company growth over market of 3 percentage points, with 7 percentage points in E-Systems and 2 percentage points in SeatingNet income of $173 million and adjusted net income of $206 million, compared to $169 million and $
SOUTHFIELD, Mich., June 26, 2024 /PRNewswire/ -- Lear Corporation will hold a conference call to review the company's second quarter 2024 financial results and related matters on July 25, 2024, at 9:00 a.m. EDT. To participate in the conference call: Webcast link: click hereToll-free calls: 877-883-0383International calls: 412-902-6506The conference code is 4935995. You also may listen to the live audio webcast of the call, in listen-only mode, on Lear's Investor Relations website at ir.lear.com. The webcast replay will be available two hours following the call. Note: The se
SOUTHFIELD, Mich., May 16, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on June 25, 2024, to shareholders of record at the close of business on June 6, 2024. About Lear CorporationLear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented emp
SOUTHFIELD, Mich., April 30, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the first quarter 2024. First Quarter 2024 Highlights Delivered first quarter record revenue of $6.0 billion, an increase of 3% compared to $5.8 billion in the first quarter of 2023Sales outperformed global industry production, driven by growth over market in E-Systems of 10 percentage pointsNet income of $110 million and adjusted net income of $183 million, compared to $144 million and $166 million, respectiv
SOUTHFIELD, Mich., March 28, 2024 /PRNewswire/ -- Lear Corporation will hold a conference call to review the company's first quarter 2024 financial results and related matters on April 30, 2024, at 8:30 a.m. EDT. To participate in the conference call: Webcast link: click hereToll-free calls: 877-883-0383International calls: 412-902-6506The conference code is 9500216. You also may listen to the live audio webcast of the call, in listen-only mode, on Lear's Investor Relations website at ir.lear.com. The webcast replay will be available two hours following the call. Note: The fi
SOUTHFIELD, Mich., Feb. 20, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has approved an increase to the Company's share repurchase authorization to $1.5 billion and extended the authorization period until December 31, 2026. In addition, the Board declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on March 27, 2024, to shareholders of record at the close of business on March 8, 2024. "The confidence Lear's B
Barclays downgraded Lear from Overweight to Equal Weight and set a new price target of $120.00 from $140.00 previously
Deutsche Bank resumed coverage of Lear with a rating of Hold and set a new price target of $132.00
Wolfe Research resumed coverage of Lear with a rating of Peer Perform
Morgan Stanley upgraded Lear from Equal-Weight to Overweight and set a new price target of $160.00 from $150.00 previously
Barclays upgraded Lear from Equal Weight to Overweight and set a new price target of $177.00
UBS initiated coverage of Lear with a rating of Neutral and set a new price target of $150.00
Exane BNP Paribas upgraded Lear from Neutral to Outperform
Barclays initiated coverage of Lear with a rating of Equal Weight and set a new price target of $155.00
Evercore ISI downgraded Lear from Outperform to In-line and set a new price target of $145.00 from $150.00 previously
Wells Fargo downgraded Lear from Overweight to Equal Weight and set a new price target of $139.00 from $149.00 previously
SOUTHFIELD, Mich., Aug. 12, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that Rod Lache, a distinguished former Wall Street automotive analyst, has been appointed to the Company's Board of Directors, effective August 12, 2024. LEA), a global automotive technology leader in Seating and E-Systems, today announced that Rod Lache, a distinguished former Wall Street automotive analyst, has been appointed to the Company's Board of Directors, effective August 12, 2024." alt="Lear Corporation (NYSE:LEA), a global automotive technology leader in Se
SOUTHFIELD, Mich., April 29, 2024 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has entered into a definitive agreement to acquire WIP Industrial Automation ("WIP"), a privately held systems integrator based in Spain that specializes in advanced automation solutions for industrial applications. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close by the third quarter of 2024. WIP, a long-time Lear supplier with 25 years of automation
SOUTHFIELD, Mich., July 22, 2021 /PRNewswire/ -- Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, today announced the appointment of Alicia Davis to Chief Strategy Officer to drive the advancement and execution of the company's long-term growth strategy. As Lear's Chief Strategy Officer, Ms. Davis is responsible for leading a central strategy organization that works in partnership with Lear's two business segments to drive enterprise-wide strategic planning, large-scale strategic initiatives, and value-enhancing M&A and early-stage
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