Adient PLC (ADNT) Scheduled to Post Quarterly Earnings on Thursday
Adient PLC (NASDAQ:ADNT) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $2.18 per share for the quarter.
Adient PLC (NASDAQ:ADNT) last issued its earnings results on Thursday, July 27th. The company reported $2.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.02. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. Adient PLC’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.43 earnings per share. On average, analysts expect Adient PLC to post $9.38 EPS for the current fiscal year and $10.42 EPS for the next fiscal year.
Shares of Adient PLC (NASDAQ ADNT) opened at 83.64 on Thursday. Adient PLC has a 12 month low of $39.66 and a 12 month high of $86.42. The stock has a 50 day moving average price of $82.02 and a 200 day moving average price of $71.48. The firm’s market cap is $7.79 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, October 18th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, October 17th.
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In related news, Chairman R Bruce Mcdonald sold 4,607 shares of the company’s stock in a transaction on 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 directly owns 4,818 shares of the company’s stock, valued at approximately $330,852.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Byron S. Foster sold 1,316 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total transaction of $91,922.60. Following the completion of the transaction, the insider now directly owns 67,845 shares of the company’s stock, valued at $4,738,973.25. The disclosure for this sale can be found here.
ADNT has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Adient PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating on shares of Adient PLC in a research report on Thursday, July 6th. Robert W. Baird restated a “buy” rating on shares of Adient PLC in a research report on Tuesday, October 17th. ValuEngine upgraded shares of Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Finally, UBS Group AG upped their price objective on shares of Adient PLC from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Adient PLC presently has a consensus rating of “Buy” and a consensus target price of $72.36.
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.
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