Brokerages Anticipate Adient plc (ADNT) Will Post Quarterly Sales of $4.31 Billion

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%.

TRADEMARK VIOLATION WARNING: This piece of content was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/23/brokerages-anticipate-adient-plc-adnt-will-post-quarterly-sales-of-4-31-billion.html.

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.

Get a free copy of the Zacks research report on Adient plc (ADNT)

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.

Latest News

Leave a Reply