Equities analysts predict that Adient PLC (NASDAQ:ADNT) will announce $4.18 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Adient PLC’s earnings. The highest sales estimate is $4.36 billion and the lowest is $4 billion. The company is expected to report its next earnings results on Friday, July 28th.
On average, analysts expect that Adient PLC will report full-year sales of $4.18 billion for the current financial year, with estimates ranging from $16.15 billion to $16.86 billion. For the next financial year, analysts anticipate that the company will report sales of $16.42 billion per share, with estimates ranging from $16.16 billion to $16.9 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Adient PLC.
Adient PLC (NASDAQ:ADNT) last announced its quarterly earnings data on Friday, April 28th. The company reported $2.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.06. The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. Adient PLC’s quarterly revenue was down 2.0% on a year-over-year basis.
A number of analysts have recently commented on ADNT shares. Royal Bank of Canada lifted their price target on Adient PLC from $84.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Wells Fargo & Co restated a “market perform” rating and set a $72.00 price objective (down from $76.00) on shares of Adient PLC in a research report on Monday, February 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded Adient PLC from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, March 21st. Morgan Stanley started coverage on Adient PLC in a research report on Tuesday, February 21st. They set an “overweight” rating and a $95.00 price objective for the company. Finally, Barclays PLC raised their price objective on Adient PLC from $59.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Adient PLC presently has a consensus rating of “Hold” and an average price target of $63.85.
WARNING: This piece of content was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/06/20/analysts-anticipate-adient-plc-adnt-will-post-quarterly-sales-of-4-18-billion-updated-updated-updated-updated.html.
Shares of Adient PLC (NASDAQ:ADNT) traded up 1.24% during mid-day trading on Thursday, reaching $69.45. The company’s stock had a trading volume of 737,426 shares. The firm’s market cap is $6.51 billion. Adient PLC has a 12 month low of $39.66 and a 12 month high of $76.09. The company has a 50-day moving average of $69.61 and a 200-day moving average of $62.77.
Adient PLC 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Adient PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient PLC and related companies with MarketBeat.com's FREE daily email newsletter.