Lear Corporation (NYSE:LEA) Given Price Target Of $139.555


As per Lear Corporation (NYSE:LEA)’s news release on 2016-08-11, its shareholders will get cash dividend of $0.3 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-01 and 2016-09-22, respectively.

The stock will commence trading ex-dividend from 2016-08-30, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Lear Corporation (NYSE:LEA) disbursed $0.3 in dividend compared to distribution of $0.3, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 25%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Lear Corporation (NYSE:LEA) to attain a price target of $139.555. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $150. The low price range is set at $127 for next year while the arithmetic mean is seen at 2.1.

Eyeing Earnings Lear Corporation (NYSE:LEA) is likely to post quarterly numbers around 2016-10-28 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $3 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Lear Corporation (NYSE:LEA) earnings came at $3.66 suggesting a deviation of $0.31. The brokerages targeted EPS of $3.35 for the quarter.

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