Zacks: Analysts Anticipate Adient PLC (ADNT) Will Announce Earnings of $1.32 Per Share

Equities analysts expect Adient PLC (NYSE:ADNT) to report earnings of $1.32 per share for the current quarter, according to Zacks. Three analysts have made estimates for Adient’s earnings. The lowest EPS estimate is $1.09 and the highest is $1.57. Adient reported earnings of $2.34 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 43.6%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Friday, November 9th.

On average, analysts expect that Adient will report full year earnings of $5.70 per share for the current year, with EPS estimates ranging from $5.45 to $5.94. For the next year, analysts expect that the business will post earnings of $6.73 per share, with EPS estimates ranging from $5.98 to $7.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Adient.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Thursday, July 26th. The company reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.11). Adient had a net margin of 0.08% and a return on equity of 14.27%. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the firm earned $2.52 EPS. Adient’s revenue for the quarter was up 12.2% on a year-over-year basis.

Several equities analysts recently weighed in on ADNT shares. Buckingham Research cut their price target on Adient from $54.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, October 3rd. Zacks Investment Research lowered Adient from a “hold” rating to a “strong sell” rating in a research note on Monday, July 16th. Morgan Stanley lowered Adient from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $50.00 to $43.00 in a research note on Tuesday, July 31st. ValuEngine lowered Adient from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Finally, TheStreet lowered Adient from a “c-” rating to a “d+” rating in a research note on Thursday, July 12th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Adient has an average rating of “Hold” and a consensus target price of $53.92.

Shares of Adient stock traded up $0.73 on Friday, hitting $30.45. The company’s stock had a trading volume of 171,417 shares, compared to its average volume of 1,627,970. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. Adient has a 1 year low of $29.53 and a 1 year high of $86.26. The firm has a market cap of $2.87 billion, a PE ratio of 3.21, a P/E/G ratio of 0.38 and a beta of -0.62.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 24th will be paid a dividend of $0.275 per share. The ex-dividend date is Tuesday, October 23rd. This represents a $1.10 annualized dividend and a yield of 3.61%. Adient’s dividend payout ratio (DPR) is currently 11.76%.

A number of large investors have recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in shares of Adient by 2.0% during the 1st quarter. Northern Trust Corp now owns 518,401 shares of the company’s stock worth $30,979,000 after purchasing an additional 10,040 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Adient during the 1st quarter worth approximately $255,000. BB&T Securities LLC boosted its holdings in shares of Adient by 23.5% during the 1st quarter. BB&T Securities LLC now owns 18,871 shares of the company’s stock worth $1,127,000 after purchasing an additional 3,593 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Adient during the 1st quarter worth approximately $210,000. Finally, Newtyn Management LLC boosted its holdings in shares of Adient by 7.1% during the 1st quarter. Newtyn Management LLC now owns 1,340,000 shares of the company’s stock worth $80,078,000 after purchasing an additional 88,980 shares during the last quarter. Institutional investors own 97.85% of the company’s stock.

About Adient

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.

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