Equities analysts expect Adient PLC (NYSE:ADNT) to post $0.39 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Adient’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.65. Adient posted earnings of $1.45 per share during the same quarter last year, which would suggest a negative year over year growth rate of 73.1%. The company is scheduled to report its next earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Adient will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.27 to $2.23. For the next financial year, analysts anticipate that the business will post earnings of $3.23 per share, with EPS estimates ranging from $2.10 to $5.06. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Adient.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.08). Adient had a positive return on equity of 10.34% and a negative net margin of 8.62%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the firm earned $1.85 EPS. Adient’s quarterly revenue was down 8.0% on a year-over-year basis.

ADNT has been the topic of a number of recent analyst reports. Barclays upgraded Adient from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $16.00 to $30.00 in a research note on Tuesday, April 16th. Goldman Sachs Group restated a “hold” rating on shares of Adient in a research note on Wednesday, January 16th. KeyCorp upgraded Adient from an “underweight” rating to a “sector weight” rating in a research note on Monday, March 18th. ValuEngine lowered Adient from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Finally, Bank of America set a $22.00 price target on Adient and gave the company a “hold” rating in a research note on Tuesday, January 22nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Adient currently has a consensus rating of “Hold” and a consensus price target of $27.10.

Institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. lifted its holdings in Adient by 0.3% during the 4th quarter. American International Group Inc. now owns 177,164 shares of the company’s stock worth $2,668,000 after buying an additional 523 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of Adient by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 113,231 shares of the company’s stock valued at $1,467,000 after acquiring an additional 614 shares during the last quarter. Advisor Group Inc. raised its position in shares of Adient by 5.7% during the 1st quarter. Advisor Group Inc. now owns 12,441 shares of the company’s stock valued at $162,000 after acquiring an additional 676 shares during the last quarter. Arizona State Retirement System raised its position in shares of Adient by 1.1% during the 4th quarter. Arizona State Retirement System now owns 62,342 shares of the company’s stock valued at $939,000 after acquiring an additional 684 shares during the last quarter. Finally, Moon Capital Management LLC increased its position in shares of Adient by 1.1% in the 1st quarter. Moon Capital Management LLC now owns 63,468 shares of the company’s stock valued at $823,000 after buying an additional 700 shares in the last quarter.

Shares of NYSE:ADNT traded down $0.87 on Friday, reaching $19.81. The company had a trading volume of 77,353 shares, compared to its average volume of 2,330,590. Adient has a twelve month low of $12.15 and a twelve month high of $58.17. The stock has a market capitalization of $1.92 billion, a P/E ratio of 3.52 and a beta of 2.76. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.77.

Adient Company Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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Earnings History and Estimates for Adient (NYSE:ADNT)

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