Adient (NYSE:ADNT) announced its quarterly earnings results on Friday. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.04, MarketWatch Earnings reports. Adient had a return on equity of 14.27% and a net margin of 0.08%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. Adient’s revenue was up 4.2% compared to the same quarter last year.
NYSE:ADNT traded down $7.31 during trading on Friday, reaching $21.52. The company’s stock had a trading volume of 7,538,879 shares, compared to its average volume of 1,741,756. The company has a market capitalization of $2.79 billion, a PE ratio of 2.30, a price-to-earnings-growth ratio of 0.38 and a beta of 0.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 0.84. Adient has a 12 month low of $21.42 and a 12 month high of $84.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 24th will be paid a $0.275 dividend. The ex-dividend date is Tuesday, October 23rd. This represents a $1.10 dividend on an annualized basis and a yield of 5.11%. Adient’s dividend payout ratio (DPR) is presently 11.76%.
Several brokerages recently issued reports on ADNT. Wells Fargo & Co reiterated a “hold” rating and set a $30.00 price target (down previously from $50.00) on shares of Adient in a report on Wednesday, October 17th. Longbow Research restated a “buy” rating and issued a $58.00 price objective on shares of Adient in a research note on Friday, July 27th. Barclays reduced their price objective on Adient from $63.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, July 30th. Robert W. Baird upgraded Adient from an “underperform” rating to a “neutral” rating and set a $73.00 price objective for the company in a research note on Friday, July 27th. Finally, Guggenheim set a $46.00 price objective on Adient and gave the company a “hold” rating in a research note on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $53.92.
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Adient Company Profile
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.
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