2024-02-07 21:59:21 ET
Summary
- Lear Corporation's FY 2024 EBITDA guidance was -5.6% lower than the analysts' consensus estimate.
- LEA could offer a potential shareholder yield of 6.3% for FY 2024, considering its dividend distribution track record and its management commentary on future share buybacks.
- The Company's shareholder yield is appealing even though its financial guidance for 2024 fell short of expectations, which implies that a Hold rating for LEA is fair.
Elevator Pitch
I rate Lear Corporation ( LEA ) as a Hold.
My earlier article published on July 17, 2023, touched on Lear Corporation's latest products offered by its Seating business, and LEA's full-year FY 2023 financial prospects. I turn my attention to LEA's most recent quarterly results release and the company's management guidance for the new fiscal year in this write-up....
Read the full article on Seeking Alpha
For further details see:
Lear: Focus On Below-Expectations Guidance And Attractive Shareholder Yield (Rating Downgrade)