$2.21 Earnings Per Share Expected for Adient PLC (ADNT) This Quarter
Wall Street analysts expect Adient PLC (NASDAQ:ADNT) to post earnings per share (EPS) of $2.21 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Adient PLC’s earnings. The lowest EPS estimate is $2.15 and the highest is $2.29. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Adient PLC will report full-year earnings of $9.36 per share for the current fiscal year, with EPS estimates ranging from $9.30 to $9.43. For the next fiscal year, analysts anticipate that the firm will report earnings of $10.27 per share, with EPS estimates ranging from $9.20 to $10.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Adient PLC.
ADNT has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Adient PLC in a research note on Thursday, July 6th. ValuEngine upgraded Adient PLC from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded Adient PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. UBS AG lifted their price objective on Adient PLC from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Barclays PLC lifted their price objective on Adient PLC to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $72.36.
In related news, Chairman R Bruce Mcdonald sold 4,607 shares of Adient PLC stock in a transaction dated Tuesday, August 22nd. The stock was 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 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 Adient PLC stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $69.85, for a total value of $91,922.60. Following the completion of the transaction, the insider now owns 67,845 shares of the company’s stock, valued at approximately $4,738,973.25. The disclosure for this sale can be found here.
Shares of Adient PLC (NASDAQ ADNT) traded down 0.20% during mid-day trading on Wednesday, reaching $84.19. The company’s stock had a trading volume of 395,532 shares. Adient PLC has a 12-month low of $39.66 and a 12-month high of $86.42. The firm’s 50-day moving average price is $83.26 and its 200 day moving average price is $71.97. The firm’s market cap is $7.84 billion.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, October 18th will be paid a $0.275 dividend. The ex-dividend date is Tuesday, October 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.30%.
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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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