A new trading day began on Tuesday, with Lear Corp (NYSE: LEA) stock price down -0.66% from the previous day of trading, before settling in for the closing price of $99.82. LEA’s price has ranged from $92.14 to $147.11 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 2.70% over the past five years. Meanwhile, its annual earnings per share averaged 0.58%. With a float of $54.19 million, this company’s outstanding shares have now reached $54.58 million.
Let’s look at the performance matrix of the company that is accounted for 186600 employees. In terms of profitability, gross margin is 6.96%, operating margin of 3.5%, and the pretax margin is 3.2%.
Lear Corp (LEA) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Lear Corp is 0.29%, while institutional ownership is 105.12%. The most recent insider transaction that took place on May 28 ’24, was worth 159,175. In this transaction Director of this company sold 1,278 shares at a rate of $124.55, taking the stock ownership to the 0 shares. Before that another transaction happened on May 23 ’24, when Company’s Director sold 2,392 for $123.86, making the entire transaction worth $296,273. This insider now owns 0 shares in total.
Lear Corp (LEA) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 3.03 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.00% during the next five years compared to -10.87% drop over the previous five years of trading.
Lear Corp (NYSE: LEA) Trading Performance Indicators
Here are Lear Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23. Likewise, its price to free cash flow for the trailing twelve months is 12.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.51, a number that is poised to hit 2.48 in the next quarter and is forecasted to reach 13.60 in one year’s time.
Technical Analysis of Lear Corp (LEA)
Lear Corp (NYSE: LEA) saw its 5-day average volume 0.61 million, a negative change from its year-to-date volume of 0.66 million. As of the previous 9 days, the stock’s Stochastic %D was 65.26%. Additionally, its Average True Range was 2.62.
During the past 100 days, Lear Corp’s (LEA) raw stochastic average was set at 20.22%, which indicates a significant decrease from 67.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.56% in the past 14 days, which was higher than the 31.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $101.58, while its 200-day Moving Average is $118.94. Nevertheless, the first resistance level for the watch stands at $99.94 in the near term. At $100.72, the stock is likely to face the second major resistance level. The third major resistance level sits at $101.45. If the price goes on to break the first support level at $98.44, it is likely to go to the next support level at $97.71. Assuming the price breaks the second support level, the third support level stands at $96.93.
Lear Corp (NYSE: LEA) Key Stats
With a market capitalization of 5.39 billion, the company has a total of 54,341K Shares Outstanding. Currently, annual sales are 23,467 M while annual income is 572,500 K. The company’s previous quarter sales were 5,584 M while its latest quarter income was 135,800 K.
