Adient (ADNT) Scheduled to Post Quarterly Earnings on Monday

Adient (NYSE:ADNT) is scheduled to post its quarterly earnings results before the market opens on Monday, January 29th. Analysts expect Adient to post earnings of $1.85 per share for the quarter.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.13. Adient had a net margin of 5.47% and a return on equity of 22.48%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the company posted $2.15 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts expect Adient to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Shares of Adient (ADNT) opened at $71.94 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.75. Adient has a 1 year low of $59.10 and a 1 year high of $86.42. The company has a market cap of $6,697.61, a P/E ratio of 7.60, a P/E/G ratio of 0.67 and a beta of -0.25.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 18th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, January 17th. This represents a $1.10 annualized dividend and a yield of 1.53%. Adient’s payout ratio is 11.62%.

Several analysts have recently weighed in on ADNT shares. Royal Bank of Canada reiterated a “buy” rating and issued a $82.00 price objective on shares of Adient in a research note on Monday, September 25th. Zacks Investment Research raised shares of Adient from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Monday, October 2nd. ValuEngine raised shares of Adient from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. Robert W. Baird reissued a “buy” rating on shares of Adient in a report on Tuesday, October 17th. Finally, UBS Group boosted their price target on shares of Adient from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Adient has an average rating of “Hold” and a consensus target price of $82.11.

In related news, VP Cathleen A. Ebacher sold 9,184 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total transaction of $720,025.60. Following the completion of the transaction, the vice president now owns 38,187 shares in the company, valued at $2,993,860.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Cathleen A. Ebacher sold 2,584 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $79.13, for a total value of $204,471.92. Following the transaction, the vice president now owns 36,454 shares of the company’s stock, valued at approximately $2,884,605.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,525 shares of company stock valued at $6,242,744. 0.14% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/22/adient-adnt-scheduled-to-post-quarterly-earnings-on-monday.html.

About Adient

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.

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

Leave a Reply