Adient (NYSE:ADNT) released its quarterly earnings results on Friday. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.26 by $0.04, MarketWatch Earnings reports. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.11 billion. Adient had a net margin of 0.08% and a return on equity of 14.27%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.34 earnings per share.
Shares of ADNT traded down $7.31 on Friday, hitting $21.52. 7,538,879 shares of the stock traded hands, compared to its average volume of 1,741,756. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.84 and a current ratio of 1.04. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 2.30, a PEG ratio of 0.38 and a beta of 0.73. Adient has a 1 year low of $21.42 and a 1 year high of $84.59.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 24th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Tuesday, October 23rd. Adient’s payout ratio is 11.76%.
Several analysts have recently commented on ADNT shares. ValuEngine lowered shares of Adient from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Buckingham Research lowered their price target on shares of Adient from $54.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 3rd. Bank of America upgraded shares of Adient from an “underperform” rating to a “hold” rating and set a $44.00 price target on the stock in a research report on Thursday, September 13th. Wells Fargo & Co reiterated a “hold” rating and issued a $30.00 price target (down from $50.00) on shares of Adient in a research report on Wednesday, October 17th. Finally, Morgan Stanley lowered shares of Adient from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $50.00 to $43.00 in a research report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.92.
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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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