Media headlines about Adient (NYSE:ADNT) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Adient earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news articles about the company an impact score of 43.5279822523037 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Analysts Expect Adient PLC (ADNT) Will Post Quarterly Sales of $4.34 Billion (americanbankingnews.com)
- Adient PLC (ADNT) to Issue Quarterly Dividend of $0.28 (americanbankingnews.com)
- ADNT Crosses Above Average Analyst Target (nasdaq.com)
- Adient unveils innovative seating solutions for new mobility vehicles at the North American International Auto Show 2018 (finance.yahoo.com)
- Adient PLC (ADNT) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
ADNT has been the subject of several research analyst reports. Robert W. Baird cut their price objective on Adient from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research downgraded Adient from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. ValuEngine upgraded Adient from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. UBS Group dropped their target price on Adient from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Finally, Royal Bank of Canada dropped their target price on Adient from $96.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $83.22.
Adient (NYSE:ADNT) last released its earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.13. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.85 billion. Adient had a return on equity of 22.48% and a net margin of 5.47%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.15 earnings per share. analysts predict that Adient will post 10.36 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 18th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, January 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.33%. Adient’s payout ratio is currently 11.62%.
In related news, Chairman R Bruce Mcdonald sold 67,757 shares of Adient stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $78.49, for a total transaction of $5,318,246.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Cathleen A. Ebacher sold 2,584 shares of Adient stock in a transaction on Monday, December 4th. The stock was sold at an average price of $79.13, for a total value of $204,471.92. Following the sale, the vice president now directly owns 36,454 shares of the company’s stock, valued at $2,884,605.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,525 shares of company stock valued at $6,242,744. 0.14% of the stock is currently owned by corporate insiders.
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Adient 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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