$3.87 Billion in Sales Expected for Adient PLC (ADNT) This Quarter
Analysts expect Adient PLC (NASDAQ:ADNT) to report $3.87 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Adient PLC’s earnings. The lowest sales estimate is $3.79 billion and the highest is $3.93 billion. The business is expected to report its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Adient PLC will report full year sales of $3.87 billion for the current year, with estimates ranging from $16.06 billion to $16.20 billion. For the next financial year, analysts anticipate that the firm will report sales of $16.58 billion per share, with estimates ranging from $15.67 billion to $17.15 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Adient PLC.
Adient PLC (NASDAQ:ADNT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.16. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.85 billion. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share.
A number of research firms recently weighed in on ADNT. Barclays PLC lifted their target price on shares of Adient PLC to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 target price on shares of Adient PLC in a research note on Wednesday, October 18th. UBS AG lifted their target price on shares of Adient PLC from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Adient PLC from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, ValuEngine upgraded shares of Adient PLC from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Adient PLC presently has an average rating of “Buy” and an average target price of $72.36.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 18th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend is Tuesday, October 17th.
In other news, 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 sale, the chairman now directly owns 4,818 shares in the company, valued at approximately $330,852.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raymond L. Conner bought 3,000 shares of Adient PLC stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average price of $73.91 per share, for a total transaction of $221,730.00. Following the completion of the acquisition, the director now owns 5,270 shares in the company, valued at $389,505.70. The disclosure for this purchase can be found here.
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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