Equities analysts expect Adient PLC (NYSE:ADNT) to announce sales of $4.45 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Adient’s earnings, with the lowest sales estimate coming in at $4.39 billion and the highest estimate coming in at $4.50 billion. Adient reported sales of $4.21 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The business is scheduled to announce its next earnings report on Friday, April 27th.
According to Zacks, analysts expect that Adient will report full-year sales of $4.45 billion for the current year, with estimates ranging from $17.03 billion to $17.14 billion. For the next year, analysts expect that the business will report sales of $17.24 billion per share, with estimates ranging from $17.02 billion to $17.48 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Adient.
Adient (NYSE:ADNT) last issued its quarterly earnings data on Monday, January 29th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.79). Adient had a net margin of 3.19% and a return on equity of 18.72%. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the business posted $2.12 earnings per share. Adient’s revenue was up 4.4% on a year-over-year basis.
Several brokerages have weighed in on ADNT. JPMorgan Chase & Co. cut Adient from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $86.00 to $74.00 in a research note on Monday, January 22nd. Robert W. Baird dropped their price objective on Adient from $81.00 to $73.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th. Buckingham Research dropped their price objective on Adient from $74.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. Morgan Stanley dropped their price objective on Adient from $89.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Finally, Guggenheim restated a “hold” rating and set a $90.00 price objective on shares of Adient in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $72.09.
In other Adient news, Director Frederick A. Henderson bought 4,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $61.78 per share, for a total transaction of $247,120.00. Following the purchase, the director now directly owns 5,715 shares of the company’s stock, valued at approximately $353,072.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Cathleen A. Ebacher sold 2,584 shares of Adient stock in a transaction on Monday, December 4th. The stock was sold at an average price of $79.13, for a total value of $204,471.92. Following the sale, the vice president now owns 36,454 shares in the company, valued at $2,884,605.02. The disclosure for this sale can be found here. Insiders have sold a total of 79,525 shares of company stock worth $6,242,744 over the last quarter. Company insiders own 0.14% of the company’s stock.
A hedge fund recently bought a new stake in Adient stock. Elkfork Partners LLC acquired a new stake in Adient PLC (NYSE:ADNT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,480 shares of the company’s stock, valued at approximately $195,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Adient (ADNT) traded down $0.07 during trading hours on Friday, reaching $63.40. The company’s stock had a trading volume of 483,629 shares, compared to its average volume of 1,608,022. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Adient has a fifty-two week low of $59.10 and a fifty-two week high of $86.42. The company has a market cap of $5,942.79, a PE ratio of 11.40, a PEG ratio of 0.80 and a beta of -2.76.
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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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