Wall Street analysts forecast that Adient PLC (NASDAQ:ADNT) will report earnings of $2.18 per share for the current quarter, Zacks reports. Four analysts have made estimates for Adient PLC’s earnings, with the lowest EPS estimate coming in at $2.12 and the highest estimate coming in at $2.25. The company is scheduled to report its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Adient PLC will report full-year earnings of $9.32 per share for the current financial year, with EPS estimates ranging from $9.27 to $9.39. For the next financial year, analysts forecast that the company will report earnings of $10.11 per share, with EPS estimates ranging from $9.20 to $10.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Adient PLC.
Adient PLC (NASDAQ:ADNT) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.02. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm posted $2.43 earnings per share. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year.
A number of research firms have weighed in on ADNT. Royal Bank Of Canada upped their price target on Adient PLC from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Barclays PLC restated a “hold” rating and issued a $68.00 price target on shares of Adient PLC in a report on Thursday, May 11th. Zacks Investment Research cut Adient PLC from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Morgan Stanley decreased their price target on Adient PLC from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $62.87.
Adient PLC (ADNT) traded up 0.64% on Friday, hitting $65.97. 498,155 shares of the stock traded hands. The stock’s market cap is $6.14 billion. The firm’s 50-day moving average price is $66.84 and its 200-day moving average price is $67.57. Adient PLC has a 12-month low of $39.66 and a 12-month high of $76.09.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Wednesday, July 26th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.68%. The ex-dividend date was Monday, July 24th.
About Adient PLC
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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