Zacks: Analysts Expect Adient plc (NYSE:ADNT) to Post $0.19 Earnings Per Share

Wall Street brokerages expect Adient plc (NYSE:ADNTGet Rating) to announce earnings per share of $0.19 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Adient’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.10. Adient posted earnings of ($0.53) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 135.8%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Adient will report full-year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from ($0.15) to $0.89. For the next financial year, analysts anticipate that the business will post earnings of $3.61 per share, with EPS estimates ranging from $3.34 to $4.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Adient.

Adient (NYSE:ADNTGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.28). Adient had a net margin of 5.80% and a negative return on equity of 4.92%. During the same quarter in the previous year, the business earned $1.15 earnings per share.

A number of research firms have recently commented on ADNT. Exane BNP Paribas initiated coverage on shares of Adient in a report on Monday, April 11th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Adient from $59.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, April 21st. Credit Suisse Group dropped their price objective on shares of Adient from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays decreased their price objective on shares of Adient from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Finally, BNP Paribas began coverage on shares of Adient in a report on Monday, April 11th. They issued a “neutral” rating and a $32.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.40.

In related news, EVP Jerome J. Dorlack sold 7,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $31.29, for a total transaction of $237,804.00. Following the sale, the executive vice president now directly owns 113,484 shares of the company’s stock, valued at approximately $3,550,914.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC increased its position in Adient by 385.2% in the 1st quarter. CWM LLC now owns 621 shares of the company’s stock worth $25,000 after buying an additional 493 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Adient in the first quarter valued at about $26,000. Ellevest Inc. increased its holdings in shares of Adient by 792.3% in the fourth quarter. Ellevest Inc. now owns 1,044 shares of the company’s stock worth $50,000 after acquiring an additional 927 shares in the last quarter. Covestor Ltd bought a new stake in shares of Adient in the fourth quarter worth about $66,000. Finally, FourThought Financial LLC grew its holdings in shares of Adient by 36,420.0% during the third quarter. FourThought Financial LLC now owns 1,826 shares of the company’s stock worth $75,000 after buying an additional 1,821 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.

Shares of NYSE:ADNT opened at $32.19 on Friday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 4.10, a price-to-earnings-growth ratio of 2.04 and a beta of 2.82. The company has a 50-day moving average price of $35.11 and a 200-day moving average price of $41.69. The company has a current ratio of 1.18, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05. Adient has a 12 month low of $28.48 and a 12 month high of $53.17.

Adient Company Profile (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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