Brokerages expect Adient PLC (NYSE:ADNT) to post sales of $4.14 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Adient’s earnings. The lowest sales estimate is $4.10 billion and the highest is $4.19 billion. Adient posted sales of $4.49 billion in the same quarter last year, which suggests a negative year over year growth rate of 7.8%. The firm is expected to issue its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Adient will report full year sales of $16.60 billion for the current fiscal year, with estimates ranging from $16.48 billion to $16.69 billion. For the next year, analysts anticipate that the company will report sales of $16.68 billion, with estimates ranging from $16.12 billion to $17.00 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Adient.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.08). The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.21 billion. Adient had a positive return on equity of 10.34% and a negative net margin of 8.62%. The business’s revenue was down 8.0% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share.

A number of equities analysts have issued reports on ADNT shares. Royal Bank of Canada upped their target price on Adient to $20.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Morgan Stanley set a $13.00 target price on Adient and gave the company a “sell” rating in a research report on Thursday, May 16th. Barclays reaffirmed a “hold” rating and issued a $16.00 target price on shares of Adient in a research report on Sunday, March 31st. Buckingham Research set a $19.00 target price on Adient and gave the company a “sell” rating in a research report on Wednesday, May 8th. Finally, Longbow Research lowered Adient from a “buy” rating to a “neutral” rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Adient presently has a consensus rating of “Hold” and a consensus price target of $26.85.

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of Adient by 18.7% during the third quarter. Morgan Stanley now owns 268,303 shares of the company’s stock valued at $10,546,000 after purchasing an additional 42,315 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Adient by 7.0% during the third quarter. Vanguard Group Inc. now owns 1,688,703 shares of the company’s stock valued at $66,383,000 after purchasing an additional 110,884 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Adient by 34.3% during the fourth quarter. Bank of Montreal Can now owns 7,639 shares of the company’s stock valued at $114,000 after purchasing an additional 1,952 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Adient during the fourth quarter valued at $91,000. Finally, Arizona State Retirement System lifted its holdings in shares of Adient by 1.1% during the fourth quarter. Arizona State Retirement System now owns 62,342 shares of the company’s stock valued at $939,000 after purchasing an additional 684 shares during the last quarter. Institutional investors and hedge funds own 97.87% of the company’s stock.

Shares of ADNT opened at $17.40 on Tuesday. Adient has a 52-week low of $12.15 and a 52-week high of $58.17. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 3.10 and a beta of 2.82. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 1.28.

Adient Company Profile

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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Earnings History and Estimates for Adient (NYSE:ADNT)

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