Brokerages Anticipate Adient PLC (ADNT) to Post $1.43 Earnings Per Share

Analysts expect Adient PLC (NYSE:ADNT) to post $1.43 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Adient’s earnings, with the lowest EPS estimate coming in at $1.28 and the highest estimate coming in at $1.57. Adient reported earnings of $2.34 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 38.9%. The firm is expected to report its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Adient will report full-year earnings of $5.87 per share for the current year, with EPS estimates ranging from $5.65 to $6.23. For the next financial year, analysts expect that the company will report earnings of $7.08 per share, with EPS estimates ranging from $6.43 to $7.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Adient.

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



Several research firms recently weighed in on ADNT. Guggenheim set a $46.00 price objective on Adient and gave the company a “hold” rating in a report on Friday, July 27th. Barclays decreased their price objective on Adient from $63.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, July 30th. Longbow Research restated a “buy” rating and issued a $58.00 price objective on shares of Adient in a report on Friday, July 27th. UBS Group decreased their price objective on Adient from $83.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, June 19th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. decreased their price objective on Adient to $50.00 and set an “underweight” rating for the company in a report on Tuesday, June 12th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $64.08.

A number of institutional investors have recently made changes to their positions in ADNT. Massey Quick Simon & CO. LLC bought a new position in Adient in the second quarter worth about $158,000. Jane Street Group LLC purchased a new stake in shares of Adient during the first quarter worth about $210,000. Johnson Financial Group Inc. grew its stake in shares of Adient by 449.1% during the first quarter. Johnson Financial Group Inc. now owns 3,668 shares of the company’s stock worth $219,000 after acquiring an additional 3,000 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Adient during the second quarter worth about $221,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Adient during the first quarter worth about $255,000. Institutional investors and hedge funds own 97.86% of the company’s stock.

Shares of ADNT stock traded down $1.55 on Tuesday, hitting $43.07. The stock had a trading volume of 766,205 shares, compared to its average volume of 1,258,926. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 0.84. The company has a market capitalization of $4.17 billion, a P/E ratio of 6.66, a PEG ratio of 0.63 and a beta of -0.55. Adient has a one year low of $42.83 and a one year high of $86.42.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, July 18th will be issued a $0.275 dividend. The ex-dividend date is Tuesday, July 17th. This represents a $1.10 dividend on an annualized basis and a yield of 2.55%. Adient’s dividend payout ratio is presently 11.76%.

Adient Company Profile

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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