Zacks: Analysts Expect Adient plc (NYSE:ADNT) to Post $0.02 EPS

Wall Street brokerages expect Adient plc (NYSE:ADNT – Get Rating) to report earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Two analysts have issued estimates for Adient’s earnings, with estimates ranging from ($0.14) to $0.15. Adient reported earnings per share of $1.15 during the same quarter last year, which suggests a negative year-over-year growth rate of 98.3%. The company is expected to announce its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Adient will report full year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $1.25. For the next financial year, analysts expect that the company will post earnings of $3.86 per share, with EPS estimates ranging from $3.34 to $4.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Adient.

Adient (NYSE:ADNT – Get Rating) last released its quarterly earnings results on Friday, February 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.46). The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Adient had a net margin of 6.79% and a return on equity of 0.04%. Adient’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $1.71 earnings per share.

A number of equities research analysts have recently issued reports on the stock. BNP Paribas assumed coverage on shares of Adient in a research note on Monday, April 11th. They issued a “neutral” rating and a $32.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Adient from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, April 1st. Barclays cut their target price on shares of Adient from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 7th. Bank of America raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research note on Wednesday, April 6th. Finally, Exane BNP Paribas started coverage on shares of Adient in a research note on Monday, April 11th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.40.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank grew its holdings in Adient by 2.2% during the 1st quarter. Comerica Bank now owns 44,770 shares of the company’s stock worth $1,645,000 after acquiring an additional 945 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Adient in the 1st quarter valued at $26,000. New York State Teachers Retirement System boosted its holdings in shares of Adient by 3.0% in the 1st quarter. New York State Teachers Retirement System now owns 102,961 shares of the company’s stock valued at $4,198,000 after buying an additional 2,955 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Adient by 2.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $911,000 after buying an additional 600 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Adient by 385.2% in the 1st quarter. CWM LLC now owns 621 shares of the company’s stock valued at $25,000 after buying an additional 493 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

Adient stock opened at $34.14 on Friday. The company’s 50 day simple moving average is $37.05 and its 200-day simple moving average is $42.71. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 3.62, a price-to-earnings-growth ratio of 1.37 and a beta of 2.91. Adient has a 1 year low of $30.53 and a 1 year high of $53.17. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.11 and a current ratio of 1.36.

About Adient (Get Rating)

Adient plc designs, develops, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's seating solutions include frames, mechanisms, foams, head restraints, armrests, and trim covers. It serves automotive original equipment manufacturers in the Americas, including North America and South America; Europe, Middle East, and Africa; and Asia Pacific.

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