Equities research analysts predict that Adient PLC (NASDAQ:ADNT) will report $3.87 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Adient PLC’s earnings, with the highest sales estimate coming in at $3.93 billion and the lowest estimate coming in at $3.81 billion. The business is expected to issue its next earnings results before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Adient PLC will report full year sales of $3.87 billion for the current year, with estimates ranging from $16.08 billion to $16.20 billion. For the next fiscal year, analysts forecast that the business will post sales of $16.39 billion per share, with estimates ranging from $15.67 billion to $17.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Adient PLC.
Adient PLC (NASDAQ:ADNT) last issued its quarterly earnings data on Thursday, July 27th. The company reported $2.52 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.02. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.12 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.43 EPS.
ADNT has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Adient PLC in a research note on Thursday, July 6th. Guggenheim initiated coverage on Adient PLC in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $65.00 target price on the stock. Zacks Investment Research lowered Adient PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. ValuEngine raised Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Adient PLC in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $64.87.
In related news, Director Raymond L. Conner acquired 3,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average price of $73.91 per share, with a total value of $221,730.00. Following the acquisition, the director now owns 5,270 shares in the company, valued at approximately $389,505.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman R Bruce Mcdonald sold 4,607 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $68.67, for a total value of $316,362.69. Following the transaction, the chairman now directly owns 4,818 shares in the company, valued at approximately $330,852.06. The disclosure for this sale can be found here.
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Shares of Adient PLC (ADNT) traded up 0.34% on Friday, reaching $85.45. The company had a trading volume of 454,813 shares. The company’s 50-day moving average is $80.37 and its 200 day moving average is $70.85. Adient PLC has a 12 month low of $39.66 and a 12 month high of $86.42. The firm’s market capitalization is $7.96 billion.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 18th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, October 17th.
Adient PLC Company Profile
Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.
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