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.
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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