Zacks: Analysts Anticipate Adient PLC (NYSE:ADNT) Will Announce Earnings of $0.26 Per Share

Equities research analysts forecast that Adient PLC (NYSE:ADNT) will post earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Adient’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at ($0.18). Adient posted earnings per share of $0.31 in the same quarter last year, which would suggest a negative year over year growth rate of 16.1%. The company is scheduled to report its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Adient will report full-year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.30 to $2.45. For the next financial year, analysts forecast that the company will post earnings of $2.26 per share, with EPS estimates ranging from $1.72 to $3.55. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Adient.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.38. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.02 billion. Adient had a positive return on equity of 6.23% and a negative net margin of 2.97%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 earnings per share.

A number of research firms recently issued reports on ADNT. Wolfe Research initiated coverage on shares of Adient in a research report on Tuesday, October 8th. They set a “market perform” rating and a $21.00 target price for the company. Barclays reduced their price target on shares of Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. ValuEngine downgraded shares of Adient from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. UBS Group lowered shares of Adient from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $27.00 in a research report on Thursday, September 12th. Finally, Bank of America downgraded shares of Adient from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.93.

Several institutional investors and hedge funds have recently bought and sold shares of ADNT. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Adient in the second quarter valued at $55,463,000. BlackRock Inc. boosted its position in Adient by 26.7% in the 2nd quarter. BlackRock Inc. now owns 10,228,254 shares of the company’s stock valued at $248,239,000 after buying an additional 2,153,155 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Adient by 145.6% during the second quarter. Point72 Asset Management L.P. now owns 228,080 shares of the company’s stock valued at $5,536,000 after acquiring an additional 728,080 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Adient by 35.1% during the second quarter. Vanguard Group Inc. now owns 2,510,946 shares of the company’s stock worth $60,942,000 after acquiring an additional 652,917 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Adient by 61.5% during the second quarter. Renaissance Technologies LLC now owns 1,430,700 shares of the company’s stock worth $34,723,000 after acquiring an additional 544,700 shares during the last quarter. Institutional investors own 98.85% of the company’s stock.

Shares of NYSE:ADNT traded up $1.75 during trading on Friday, reaching $23.01. 1,250,797 shares of the stock were exchanged, compared to its average volume of 1,911,510. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.87 and a current ratio of 1.07. Adient has a 12-month low of $12.15 and a 12-month high of $26.40. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 14.12 and a beta of 3.20. The firm’s 50-day moving average price is $22.25 and its 200 day moving average price is $21.91.

About Adient

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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