Brokerages expect Adient PLC (NYSE:ADNT) to post sales of $4.36 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Adient’s earnings, with the highest sales estimate coming in at $4.46 billion and the lowest estimate coming in at $4.27 billion. Adient reported sales of $4.02 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.5%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, July 26th.
On average, analysts expect that Adient will report full-year sales of $17.39 billion for the current year, with estimates ranging from $17.19 billion to $17.51 billion. For the next year, analysts expect that the firm will report sales of $17.58 billion per share, with estimates ranging from $17.31 billion to $17.75 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Adient.
Get Adient alerts:Adient (NYSE:ADNT) last released its quarterly earnings data on Thursday, May 3rd. The company reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.04). The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.39 billion. Adient had a net margin of 0.98% and a return on equity of 16.65%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.50 EPS.
ADNT has been the topic of several research reports. Zacks Investment Research cut shares of Adient from a “hold” rating to a “strong sell” rating in a research report on Monday, July 16th. TheStreet cut shares of Adient from a “c-” rating to a “d+” rating in a research report on Thursday, July 12th. UBS Group reduced their price target on shares of Adient from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Tuesday, June 19th. They noted that the move was a valuation call. JPMorgan Chase & Co. reduced their price target on shares of Adient to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 12th. Finally, Morgan Stanley cut shares of Adient from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a research report on Wednesday, May 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $68.83.
Adient opened at $46.43 on Friday, Marketbeat Ratings reports. The company has a market cap of $4.53 billion, a PE ratio of 4.97, a P/E/G ratio of 0.67 and a beta of -0.52. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. Adient has a 1 year low of $46.24 and a 1 year high of $86.42.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, July 18th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.37%. The ex-dividend date is Tuesday, July 17th. Adient’s dividend payout ratio is presently 11.76%.
A number of hedge funds and other institutional investors have recently bought and sold shares of ADNT. Elkfork Partners LLC purchased a new position in Adient during the fourth quarter worth $195,000. Jane Street Group LLC purchased a new position in Adient during the first quarter worth $210,000. Johnson Financial Group Inc. boosted its stake in Adient by 449.1% during the first quarter. Johnson Financial Group Inc. now owns 3,668 shares of the company’s stock worth $219,000 after buying an additional 3,000 shares during the period. Hsbc Holdings PLC purchased a new position in Adient during the first quarter worth $255,000. Finally, Brinker Capital Inc. boosted its stake in Adient by 20.6% during the first quarter. Brinker Capital Inc. now owns 7,473 shares of the company’s stock worth $447,000 after buying an additional 1,274 shares during the period. 97.68% of the stock is owned by institutional investors.
Adient Company Profile
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.
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