Adient (ADNT) Trading Down 7.6% After Earnings Miss

Adient PLC (NYSE:ADNT) fell 7.6% during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $66.23 and last traded at $66.77. 4,568,853 shares were traded during mid-day trading, an increase of 151% from the average session volume of 1,822,498 shares. The stock had previously closed at $72.30.

The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.79). The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Adient had a return on equity of 22.48% and a net margin of 5.47%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $2.12 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 18th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, January 17th. Adient’s dividend payout ratio (DPR) is 11.76%.

A number of research firms recently weighed in on ADNT. Zacks Investment Research cut Adient from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Morgan Stanley upped their price target on Adient from $85.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, December 5th. Barclays upped their price target on Adient to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. UBS Group lowered their price target on Adient from $98.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $96.00 price target on shares of Adient in a report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $81.30.

In other Adient news, VP Cathleen A. Ebacher sold 9,184 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total transaction of $720,025.60. Following the sale, the vice president now owns 38,187 shares in the company, valued at approximately $2,993,860.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total value of $5,318,246.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,525 shares of company stock worth $6,242,744. Insiders own 0.14% of the company’s stock.

The company has a market capitalization of $6,220.00 and a price-to-earnings ratio of 7.14. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.75.

TRADEMARK VIOLATION NOTICE: “Adient (ADNT) Trading Down 7.6% After Earnings Miss” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at

Adient 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.

Receive News & Ratings for Adient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient and related companies with's FREE daily email newsletter.

Leave a Reply