Adient PLC Announces Quarterly Dividend of $0.28 (ADNT)
Adient PLC (NASDAQ:ADNT) announced a quarterly dividend on Wednesday, September 13th, Zacks reports. Investors of record on Wednesday, October 18th will be given a dividend of 0.275 per share on Wednesday, November 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, October 17th.
Shares of Adient PLC (ADNT) opened at 76.39 on Thursday. The firm’s market cap is $7.11 billion. The company’s 50 day moving average price is $73.71 and its 200-day moving average price is $69.28. Adient PLC has a 1-year low of $39.66 and a 1-year high of $76.59.
Adient PLC (NASDAQ:ADNT) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.52 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.02. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the business earned $2.43 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. Equities analysts expect that Adient PLC will post $9.36 EPS for the current fiscal year.
In other Adient PLC news, insider Byron S. Foster sold 1,316 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total value of $91,922.60. Following the transaction, the insider now owns 67,845 shares in the company, valued at $4,738,973.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman R Bruce Mcdonald sold 4,607 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $68.67, for a total value of $316,362.69. Following the completion of the transaction, the chairman now owns 4,818 shares in the company, valued at approximately $330,852.06. The disclosure for this sale can be found here.
A number of equities analysts recently issued reports on ADNT shares. Zacks Investment Research cut Adient PLC from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating on shares of Adient PLC in a report on Thursday, July 6th. Bank of America Corporation restated an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Adient PLC in a report on Friday, June 16th. Morgan Stanley decreased their target price on Adient PLC from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. Finally, Guggenheim started coverage on Adient PLC in a report on Wednesday, June 21st. They issued a “neutral” rating and a $65.00 target price on the stock. One 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 company has an average rating of “Hold” and a consensus price target of $62.87.
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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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