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.

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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.

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