Zacks: Analysts Anticipate Adient PLC (ADNT) Will Announce Earnings of $0.79 Per Share

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Brokerages expect Adient PLC (NYSE:ADNT) to report earnings per share (EPS) of $0.79 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Adient’s earnings. The lowest EPS estimate is $0.41 and the highest is $1.16. Adient reported earnings of $1.06 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 25.5%. The firm is expected to announce its next earnings results on Monday, February 4th.

On average, analysts expect that Adient will report full year earnings of $5.55 per share for the current financial year, with EPS estimates ranging from $3.40 to $6.75. For the next fiscal year, analysts forecast that the firm will report earnings of $6.85 per share, with EPS estimates ranging from $5.30 to $8.17. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Adient.

Adient (NYSE:ADNT) last released its quarterly earnings results on Friday, November 9th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.04. Adient had a positive return on equity of 13.51% and a negative net margin of 9.66%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the business posted $2.34 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis.

ADNT has been the topic of several recent research reports. ValuEngine downgraded Adient from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Buckingham Research dropped their price target on Adient from $54.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 3rd. Wells Fargo & Co reissued a “hold” rating and issued a $30.00 price target (down previously from $50.00) on shares of Adient in a research note on Wednesday, October 17th. Bank of America raised Adient from an “underperform” rating to a “hold” rating and set a $44.00 price target on the stock in a research note on Thursday, September 13th. Finally, Morgan Stanley downgraded Adient from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $50.00 to $43.00 in a research note on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.25.

Shares of ADNT traded down $0.32 during midday trading on Wednesday, hitting $24.15. The stock had a trading volume of 2,421,776 shares, compared to its average volume of 1,409,969. Adient has a twelve month low of $21.09 and a twelve month high of $84.59. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 4.30, a P/E/G ratio of 0.31 and a beta of 0.73. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.03 and a quick ratio of 0.83.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 24th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Tuesday, October 23rd. Adient’s dividend payout ratio is currently 19.57%.

Large investors have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC increased its position in shares of Adient by 268.8% in the second quarter. Mount Yale Investment Advisors LLC now owns 2,032 shares of the company’s stock valued at $100,000 after acquiring an additional 1,481 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in shares of Adient in the second quarter valued at about $158,000. Jane Street Group LLC acquired a new stake in shares of Adient in the first quarter valued at about $210,000. Oakbrook Investments LLC acquired a new stake in shares of Adient in the third quarter valued at about $219,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Adient in the second quarter valued at about $221,000. 97.85% of the stock is currently owned by institutional investors and hedge funds.

About Adient

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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