Zacks: Analysts Expect Adient PLC (NYSE:ADNT) to Post $0.35 EPS

Equities research analysts expect Adient PLC (NYSE:ADNT) to announce earnings of $0.35 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Adient’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.46. Adient reported earnings of $0.31 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.9%. The business is expected to issue its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that Adient will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $1.20 to $3.50. For the next year, analysts expect that the company will post earnings of $2.61 per share, with EPS estimates ranging from $1.81 to $3.20. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Adient.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.38. Adient had a positive return on equity of 8.35% and a negative net margin of 11.00%. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. Adient’s revenue was down 5.4% on a year-over-year basis.

ADNT has been the subject of a number of recent research reports. ValuEngine cut Adient from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Bank of America cut Adient from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a report on Friday, September 13th. Barclays lowered their target price on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. UBS Group cut Adient from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $27.00 in a report on Thursday, September 12th. Finally, Morgan Stanley upped their target price on Adient from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.57.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Adient by 26.7% in the 2nd quarter. BlackRock Inc. now owns 10,228,254 shares of the company’s stock valued at $248,239,000 after buying an additional 2,153,155 shares during the last quarter. Lyrical Asset Management LP grew its position in shares of Adient by 5.1% in the 2nd quarter. Lyrical Asset Management LP now owns 4,763,487 shares of the company’s stock valued at $115,610,000 after buying an additional 231,369 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Adient by 35.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,510,946 shares of the company’s stock valued at $60,942,000 after buying an additional 652,917 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Adient in the 2nd quarter valued at about $55,463,000. Finally, Towle & Co. grew its position in shares of Adient by 12.3% in the 2nd quarter. Towle & Co. now owns 1,867,881 shares of the company’s stock valued at $45,333,000 after buying an additional 204,133 shares during the last quarter. 97.90% of the stock is owned by institutional investors and hedge funds.

Shares of Adient stock traded down $0.39 during trading on Friday, reaching $24.46. 1,807,310 shares of the company’s stock were exchanged, compared to its average volume of 1,965,418. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 1.07. Adient has a 1-year low of $12.15 and a 1-year high of $26.40. The company has a market cap of $2.33 billion, a P/E ratio of 4.35 and a beta of 3.22. The firm’s 50-day moving average price is $22.46 and its 200 day moving average price is $22.03.

About Adient

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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