Adient (ADNT) Posts Earnings Results, Beats Estimates By $0.04 EPS
Adient (NYSE:ADNT) issued its earnings results on Friday. The company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.04, MarketWatch Earnings reports. Adient had a net margin of 0.08% and a return on equity of 14.27%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the firm posted $2.34 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year.
ADNT traded down $7.31 during trading hours on Friday, reaching $21.52. 7,538,879 shares of the stock traded hands, compared to its average volume of 1,741,756. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 2.30, a PEG ratio of 0.38 and a beta of 0.73. Adient has a fifty-two week low of $21.42 and a fifty-two week high of $84.59. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.82.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 24th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Tuesday, October 23rd. Adient’s payout ratio is 11.76%.
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Adient Company Profile
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.
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