Lear Corporation (NYSE:LEA) had declared a cash dividend of $0.3000 on Nov 17, 2016. The shares will quote ex-dividend on Dec 7, 2016 and the record date has been fixed for Dec 9, 2016. On Nov 17, 2016 share price, the yield comes out to be 0.9510%. The dividend payable date has been fixed on Dec 30, 2016.
Lear Corporation (LEA) made into the market gainers list on Mondays trading session with the shares advancing 0.26% or 0.33 points. Due to strong positive momentum, the stock ended at $126.87, which is also near the day’s high of $128.03. The stock began the session at $126.8 and the volume stood at 7,06,941 shares. The 52-week high of the shares is $128.03 and the 52 week low is $93.54. The company has a current market capitalization of $8,907 M and it has 7,02,05,735 shares in outstanding.
Lear Corporation(LEA) last announced its earnings results on Oct 26, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $4.53B. Analysts had an estimated revenue of $4.46B. Earnings per share were $3.19. The reported EPS was above estimates by $0.27 or 9.25%. Analysts had estimated an EPS of $2.92.
Several Insider Transactions has been reported to the SEC. On Sep 30, 2016, Jonathan F Foster (director) sold 1,500 shares at $119.24 per share price.Also, On Jun 29, 2016, Conrad L Jr Mallett (director) sold 100 shares at $100.99 per share price.On Jun 7, 2016, Jay K. Kunkel (President, Asia Pacific Ops) sold 653 shares at $116.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Lear Corporation is engaged in providing automotive seat systems and individual seat component parts. The Company has two segments: seating and electrical. The Company seating segment consists of the design development engineering assembly and delivery of complete seat systems. The Company is also involved in the design development engineering and manufacture of all seat components including seat structures and mechanisms seat covers and surface materials such as fabric and leather seat foam and headrests. The Company’s electrical segment consists of the design development engineering manufacture assembly and supply of electrical distribution systems and components for light vehicles. The Company has manufacturing engineering and administrative capabilities in about 34 countries with 219 locations. The Company also manufactures junction boxes and electronic control modules which are connected to the wire harness assemblies.