Analysts Anticipate Adient PLC (ADNT) Will Post Quarterly Sales of $4.18 Billion

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.

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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.

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