Wall Street analysts forecast that Adient PLC (NASDAQ:ADNT) will report earnings of $2.18 per share for the current quarter, Zacks reports. Four analysts have made estimates for Adient PLC’s earnings, with the lowest EPS estimate coming in at $2.12 and the highest estimate coming in at $2.25. The company is scheduled to report its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Adient PLC will report full-year earnings of $9.32 per share for the current financial year, with EPS estimates ranging from $9.27 to $9.39. For the next financial year, analysts forecast that the company will report earnings of $10.11 per share, with EPS estimates ranging from $9.20 to $10.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Adient PLC.

Adient PLC (NASDAQ:ADNT) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.02. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm posted $2.43 earnings per share. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year.

A number of research firms have weighed in on ADNT. Royal Bank Of Canada upped their price target on Adient PLC from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Barclays PLC restated a “hold” rating and issued a $68.00 price target on shares of Adient PLC in a report on Thursday, May 11th. Zacks Investment Research cut Adient PLC from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Morgan Stanley decreased their price target on Adient PLC from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $62.87.

Adient PLC (ADNT) traded up 0.64% on Friday, hitting $65.97. 498,155 shares of the stock traded hands. The stock’s market cap is $6.14 billion. The firm’s 50-day moving average price is $66.84 and its 200-day moving average price is $67.57. Adient PLC has a 12-month low of $39.66 and a 12-month high of $76.09.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Wednesday, July 26th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.68%. The ex-dividend date was Monday, July 24th.

ILLEGAL ACTIVITY NOTICE: “$2.18 Earnings Per Share Expected for Adient PLC (ADNT) This Quarter” was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/18/2-18-earnings-per-share-expected-for-adient-plc-adnt-this-quarter.html.

About Adient PLC

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.

Get a free copy of the Zacks research report on Adient PLC (ADNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Adient PLC (NASDAQ:ADNT)

Receive News & Ratings for Adient PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient PLC and related companies with MarketBeat.com's FREE daily email newsletter.