Adient (ADNT) Scheduled to Post Earnings on Friday

Adient (NYSE:ADNT) is set to post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Adient to post earnings of $0.45 per share for the quarter. Adient has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.16). The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Adient had a return on equity of 7.90% and a net margin of 1.39%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. On average, analysts expect Adient to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Adient Stock Performance

Shares of ADNT stock opened at $29.86 on Wednesday. The company has a market capitalization of $2.72 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.32 and a beta of 2.51. The business’s 50 day moving average is $32.14 and its two-hundred day moving average is $33.43. The company has a current ratio of 1.15, a quick ratio of 0.91 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.

Insider Activity at Adient

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the 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 owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADNT. Barclays reiterated an “equal weight” rating and set a $37.00 price target (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Wells Fargo & Company lowered their price target on Adient from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. lowered their price target on Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Bank of America decreased 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently 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.