Adient PLC (ADNT) Declares Quarterly Dividend of $0.28

Adient PLC (NYSE:ADNT) announced a quarterly dividend on Tuesday, November 7th, Zacks reports. Investors of record on Thursday, January 18th will be given a dividend of 0.275 per share on Thursday, February 15th. This represents a $1.10 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Wednesday, January 17th.

Adient has a payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Adient to earn $11.39 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 9.7%.

Shares of Adient (ADNT) opened at $83.59 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a market capitalization of $7,610.00 and a P/E ratio of 8.94. Adient has a 52-week low of $59.10 and a 52-week high of $86.42.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.13. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.85 billion. Adient had a return on equity of 22.48% and a net margin of 5.47%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.15 EPS. research analysts predict that Adient will post 10.34 earnings per share for the current year.

ADNT has been the topic of several analyst reports. UBS Group increased their target price on Adient from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $96.00 target price on shares of Adient in a research report on Wednesday, October 18th. Robert W. Baird reaffirmed a “buy” rating on shares of Adient in a research report on Tuesday, October 17th. Zacks Investment Research raised Adient from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Monday, October 2nd. Finally, Barclays increased their target price on Adient to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $83.22.

In other news, VP Cathleen A. Ebacher sold 2,584 shares of the 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 completion of the transaction, the vice president now owns 36,454 shares of the company’s stock, valued at $2,884,605.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Cathleen A. Ebacher sold 9,184 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total value of $720,025.60. Following the completion of the transaction, the vice president now directly owns 38,187 shares of the company’s stock, valued at approximately $2,993,860.80. The disclosure for this sale can be found here. In the last three months, insiders sold 79,525 shares of company stock valued at $6,242,744. Company insiders own 0.14% of the company’s stock.

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About Adient

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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