Adient (ADNT) Scheduled to Post Earnings on Friday

Adient (NYSE:ADNT) will post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Adient to post earnings of $0.45 per share for the quarter. Adient has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.16). Adient had a return on equity of 7.90% and a net margin of 1.39%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Adient’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect Adient to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Adient Price Performance

Shares of NYSE ADNT opened at $29.86 on Wednesday. Adient has a twelve month low of $27.73 and a twelve month high of $46.51. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.32 and a beta of 2.51. The business has a 50 day simple moving average of $32.14 and a 200-day simple moving average of $33.43.

Insider Activity

In other news, EVP Heather M. Tiltmann sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the completion of the sale, the executive vice president now owns 55,669 shares in the company, valued at $1,874,931.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ADNT. Barclays reiterated an “equal weight” rating and issued a $37.00 price target (down from $41.00) on shares of Adient in a report on Wednesday, April 10th. JPMorgan Chase & Co. lowered their price target on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Bank of America lowered their price target on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their price target on Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.43.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.