$4.34 Billion in Sales Expected for Adient PLC (ADNT) This Quarter
Wall Street analysts forecast that Adient PLC (NYSE:ADNT) will post sales of $4.34 billion for the current quarter, Zacks reports. Three analysts have made estimates for Adient’s earnings, with the lowest sales estimate coming in at $4.29 billion and the highest estimate coming in at $4.44 billion. Adient reported sales of $4.04 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The firm is expected to issue its next earnings report before the market opens on Monday, January 29th.
On average, analysts expect that Adient will report full-year sales of $4.34 billion for the current year, with estimates ranging from $16.96 billion to $17.14 billion. For the next financial year, analysts forecast that the firm will report sales of $17.31 billion per share, with estimates ranging from $17.03 billion to $17.53 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Adient.
Adient (NYSE:ADNT) last released its earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.13. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.85 billion. Adient had a net margin of 5.47% and a return on equity of 22.48%. Adient’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 EPS.
Several research firms have weighed in on ADNT. Zacks Investment Research downgraded shares of Adient from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Morgan Stanley boosted their target price on shares of Adient from $85.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 5th. Barclays boosted their target price on shares of Adient to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. UBS Group dropped their price objective on shares of Adient from $98.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Adient in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.22.
Shares of Adient (NYSE:ADNT) opened at $82.69 on Friday. The firm has a market cap of $7,700.00 and a P/E ratio of 8.84. Adient has a 12-month low of $59.10 and a 12-month high of $86.42. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 18th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, January 17th. Adient’s dividend payout ratio (DPR) is currently 11.76%.
In other news, VP Cathleen A. Ebacher sold 9,184 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $78.40, for a total value of $720,025.60. Following the sale, the vice president now directly owns 38,187 shares of the company’s stock, valued at approximately $2,993,860.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total transaction of $5,318,246.93. The disclosure for this sale can be found here. Insiders sold a total of 79,525 shares of company stock worth $6,242,744 over the last ninety days. Insiders own 0.14% of the company’s stock.
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Adient Company Profile
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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