Wall Street brokerages predict that Adient PLC (NYSE:ADNT) will announce earnings of $1.98 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Adient’s earnings, with estimates ranging from $1.55 to $2.19. Adient posted earnings of $2.50 per share in the same quarter last year, which would suggest a negative year over year growth rate of 20.8%. The business is scheduled to issue its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that Adient will report full-year earnings of $7.51 per share for the current financial year, with EPS estimates ranging from $7.25 to $7.70. For the next financial year, analysts anticipate that the business will post earnings of $9.90 per share, with EPS estimates ranging from $8.60 to $10.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Adient.
Adient (NYSE:ADNT) last announced its earnings results on Monday, January 29th. The company reported $1.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.79). Adient had a return on equity of 18.72% and a net margin of 3.19%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the business posted $2.12 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year.
ADNT has been the topic of several recent research reports. Royal Bank of Canada lowered their target price on shares of Adient from $96.00 to $89.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Robert W. Baird cut shares of Adient from an “outperform” rating to a “neutral” rating and set a $89.00 target price on the stock. in a report on Wednesday, January 17th. UBS Group raised their target price on shares of Adient from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research cut shares of Adient from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Finally, Barclays reaffirmed a “hold” rating and set a $71.00 target price on shares of Adient in a report on Sunday, January 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.09.
Shares of Adient (NYSE ADNT) traded down $0.25 on Thursday, hitting $63.44. 487,558 shares of the stock traded hands, compared to its average volume of 1,800,000. Adient has a 12 month low of $59.10 and a 12 month high of $86.42. The company has a market capitalization of $5,910.00 and a PE ratio of 11.66. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.02 and a quick ratio of 0.83.
In other news, Director Frederick A. Henderson acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average cost of $61.78 per share, with a total value of $247,120.00. Following the completion of the purchase, the director now directly owns 5,715 shares of the company’s stock, valued at approximately $353,072.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman R Bruce Mcdonald sold 67,757 shares of Adient stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total transaction of $5,318,246.93. The disclosure for this sale can be found here. Insiders sold 79,525 shares of company stock worth $6,242,744 over the last three months. 0.14% of the stock is currently owned by insiders.
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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.
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