$4.18 Billion in Sales Expected for Adient PLC (ADNT) This Quarter
Wall Street analysts forecast that Adient PLC (NASDAQ:ADNT) will announce sales of $4.18 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Adient PLC’s earnings. The lowest sales estimate is $4 billion and the highest is $4.36 billion. The firm is scheduled to announce its next quarterly earnings report on Friday, July 28th.
According to Zacks, analysts expect that Adient PLC will report full-year sales of $4.18 billion for the current fiscal year, with estimates ranging from $16.15 billion to $16.86 billion. For the next fiscal year, analysts forecast that the firm will post sales of $16.42 billion per share, with estimates ranging from $16.16 billion to $16.9 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Adient PLC.
Adient PLC (NASDAQ:ADNT) last posted its earnings results on Friday, April 28th. The company reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.06. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.29 billion. Adient PLC’s revenue for the quarter was down 2.0% compared to the same quarter last year.
Several equities research analysts have commented on the stock. Barclays PLC reissued a “hold” rating and set a $68.00 price target on shares of Adient PLC in a research report on Thursday, May 11th. Zacks Investment Research cut shares of Adient PLC from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Royal Bank of Canada boosted their price target on shares of Adient PLC from $73.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, February 6th. Finally, Morgan Stanley assumed coverage on shares of Adient PLC in a research report on Tuesday, February 21st. They set an “overweight” rating and a $95.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Adient PLC currently has a consensus rating of “Hold” and an average price target of $63.85.
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Adient PLC (NASDAQ:ADNT) traded up 1.24% during trading on Thursday, reaching $69.45. 737,426 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $69.61 and a 200-day moving average price of $62.77. The firm’s market cap is $6.51 billion. Adient PLC has a 12 month low of $39.66 and a 12 month high of $76.09.
Adient PLC Company Profile
Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.
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