Adient PLC (ADNT) Expected to Post Earnings of $1.11 Per Share

Equities research analysts expect Adient PLC (NYSE:ADNT) to post $1.11 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Adient’s earnings. The highest EPS estimate is $1.37 and the lowest is $0.99. Adient reported earnings of $2.12 per share in the same quarter last year, which would suggest a negative year over year growth rate of 47.6%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, January 29th.

On average, analysts expect that Adient will report full-year earnings of $9.48 per share for the current financial year, with EPS estimates ranging from $8.65 to $10.24. For the next financial year, analysts expect that the business will report earnings of $10.74 per share, with EPS estimates ranging from $8.60 to $12.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Adient.

Adient (NYSE:ADNT) last released its quarterly earnings results on Monday, January 29th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.79). Adient had a return on equity of 22.48% and a net margin of 5.47%. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm posted $2.12 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year.

A number of analysts recently commented on the stock. UBS Group dropped their target price on shares of Adient from $96.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Co dropped their target price on shares of Adient from $92.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. downgraded shares of Adient from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $86.00 to $74.00 in a report on Monday, January 22nd. Royal Bank of Canada lowered shares of Adient from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $98.00 to $79.00 in a report on Monday, January 22nd. Finally, Barclays restated a “hold” rating and set a $71.00 price target on shares of Adient in a report on Sunday, January 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $81.30.

In related news, VP Cathleen A. Ebacher sold 2,584 shares of the business’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 transaction of $204,471.92. Following the transaction, the vice president now directly owns 36,454 shares of the company’s stock, valued at $2,884,605.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total transaction of $5,318,246.93. The disclosure for this sale can be found here. Insiders have sold 79,525 shares of company stock worth $6,242,744 in the last 90 days. 0.14% of the stock is owned by company insiders.

Adient (ADNT) traded down $5.53 during midday trading on Monday, hitting $66.77. 4,547,927 shares of the company were exchanged, compared to its average volume of 1,822,498. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.87. Adient has a twelve month low of $59.10 and a twelve month high of $86.42. The company has a market cap of $6,220.00 and a P/E ratio of 7.14.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 18th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, January 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.65%. Adient’s dividend payout ratio is currently 11.76%.

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Adient 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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