$0.01 EPS Expected for Adient plc (NYSE:ADNT) This Quarter

Wall Street analysts expect that Adient plc (NYSE:ADNT) will announce earnings of $0.01 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Adient’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at ($0.07). Adient reported earnings of $1.15 per share during the same quarter last year, which indicates a negative year over year growth rate of 99.1%. The business is scheduled to announce its next earnings results on Monday, November 29th.

On average, analysts expect that Adient will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $1.75 to $2.41. For the next financial year, analysts forecast that the company will report earnings of $5.93 per share, with EPS estimates ranging from $4.15 to $10.06. Zacks’ EPS averages are an average based on a survey of analysts that cover Adient.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Wednesday, August 4th. The company reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.68). Adient had a net margin of 0.77% and a return on equity of 18.97%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the company earned ($2.78) earnings per share. The company’s revenue was up 99.4% compared to the same quarter last year.

Several research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Adient from $58.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Adient from $57.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, August 6th. Morgan Stanley dropped their target price on shares of Adient from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 10th. Zacks Investment Research raised shares of Adient from a “sell” rating to a “hold” rating and set a $43.00 price target on the stock in a report on Thursday, August 12th. Finally, Benchmark reduced their price target on shares of Adient from $59.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, August 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Adient currently has a consensus rating of “Hold” and a consensus price target of $49.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc increased its stake in Adient by 334.0% in the 2nd quarter. IFP Advisors Inc now owns 651 shares of the company’s stock worth $29,000 after acquiring an additional 501 shares during the last quarter. Captrust Financial Advisors increased its stake in Adient by 59.7% in the 1st quarter. Captrust Financial Advisors now owns 701 shares of the company’s stock worth $31,000 after acquiring an additional 262 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in Adient by 169.8% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,244 shares of the company’s stock worth $54,000 after acquiring an additional 783 shares during the last quarter. Advisory Services Network LLC bought a new position in Adient in the 2nd quarter worth about $71,000. Finally, Meeder Asset Management Inc. increased its stake in Adient by 68.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,362 shares of the company’s stock worth $107,000 after acquiring an additional 960 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Adient stock traded up $2.27 during trading hours on Monday, hitting $42.99. 23,601 shares of the company traded hands, compared to its average volume of 877,277. The firm has a market cap of $4.05 billion, a P/E ratio of 37.09, a P/E/G ratio of 0.50 and a beta of 3.25. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 1.96. The firm’s 50-day simple moving average is $39.18 and its two-hundred day simple moving average is $43.28. Adient has a 1-year low of $15.99 and a 1-year high of $53.17.

Adient Company Profile

Adient plc manufactures automotive seating systems. The firm’s products include Complete Seats, Commercial vehicle seats, Structures & Mechanisms, Foam, Fabrics and Trim. It operates through the following geographical segments: Americas, EMEA and Asia. The company was founded on December 17, 2015 and is headquartered Dublin, Ireland.

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Earnings History and Estimates for Adient (NYSE:ADNT)

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