Adient (ADNT) Scheduled to Post Earnings on Friday

Adient (NYSE:ADNT) will announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce 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 released its quarterly earnings results on Wednesday, February 7th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.16). Adient had a net margin of 1.39% and a return on equity of 7.90%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect Adient to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Adient Stock Down 0.9 %

Shares of Adient stock opened at $29.41 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.92. Adient has a 12 month low of $27.73 and a 12 month high of $46.51. The business has a fifty day simple moving average of $32.38 and a 200 day simple moving average of $33.59. The stock has a market cap of $2.68 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.30 and a beta of 2.51.

Insider Activity

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 55,669 shares in the company, valued at $1,874,931.92. The sale was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays reiterated an “equal weight” rating and set a $37.00 target price (down from $41.00) on shares of Adient in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut their price target on Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company lowered their target price on Adient from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Finally, Bank of America lowered their target price on Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently 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.