Equities analysts expect Adient plc (NYSE:ADNT) to post sales of $4.31 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Adient plc’s earnings, with the lowest sales estimate coming in at $4.20 billion and the highest estimate coming in at $4.44 billion. Adient plc reported sales of $4.04 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The company is expected to issue its next quarterly earnings results on Friday, February 2nd.
According to Zacks, analysts expect that Adient plc will report full-year sales of $4.31 billion for the current year, with estimates ranging from $15.67 billion to $17.14 billion. For the next fiscal year, analysts forecast that the firm will post sales of $16.94 billion per share, with estimates ranging from $15.82 billion to $17.53 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Adient plc.
Adient plc (NYSE:ADNT) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.13. Adient plc had a return on equity of 23.74% and a net margin of 5.47%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the firm posted $2.15 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Adient plc from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Barclays PLC raised their price objective on Adient plc to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. UBS AG lowered their price objective on Adient plc from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 target price on shares of Adient plc in a report on Wednesday, October 18th. Finally, Robert W. Baird lowered their target price on Adient plc from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Adient plc currently has a consensus rating of “Hold” and a consensus price target of $76.60.
In other Adient plc news, Director Raymond L. Conner bought 3,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was acquired at an average cost of $73.91 per share, for a total transaction of $221,730.00. Following the completion of the acquisition, the director now owns 5,270 shares in the company, valued at approximately $389,505.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.
Adient plc (ADNT) opened at $77.65 on Thursday. Adient plc has a 1 year low of $51.74 and a 1 year high of $86.42. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 1.09. The stock has a market capitalization of $7,300.00 and a PE ratio of 8.24.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 18th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, January 17th. This represents a $1.10 dividend on an annualized basis and a yield of 1.42%. Adient plc’s payout ratio is currently 11.76%.
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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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