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%.

A number of equities analysts have recently commented on the stock. Wells Fargo & Co reissued a “hold” rating and issued a $30.00 target price (down previously from $50.00) on shares of Adient in a research note on Wednesday, October 17th. Longbow Research reissued a “buy” rating and issued a $58.00 target price on shares of Adient in a research note on Friday, July 27th. Barclays cut their target price on shares of Adient from $63.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Monday, July 30th. Robert W. Baird raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $73.00 target price on the stock in a research note on Friday, July 27th. Finally, Guggenheim set a $46.00 target price on shares of Adient and gave the company a “hold” rating in a research note on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.92.

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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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Earnings History for Adient (NYSE:ADNT)

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