Adient (ADNT) Expected to Announce Quarterly Sales of $4.45 Billion

Wall Street brokerages expect that Adient (NYSE:ADNT) will announce sales of $4.45 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Adient’s earnings. The lowest sales estimate is $4.39 billion and the highest is $4.50 billion. Adient posted sales of $4.21 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 3rd.

On average, analysts expect that Adient will report full year sales of $4.45 billion for the current financial year, with estimates ranging from $17.05 billion to $17.14 billion. For the next year, analysts forecast that the business will post sales of $17.29 billion per share, with estimates ranging from $17.16 billion to $17.48 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Adient.

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Adient (NYSE:ADNT) last posted its quarterly earnings data on Monday, January 29th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.79). Adient had a return on equity of 18.72% and a net margin of 3.19%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $2.12 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis.

Several research analysts recently weighed in on ADNT shares. Guggenheim set a $64.00 price objective on shares of Adient and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Robert W. Baird dropped their price objective on shares of Adient from $81.00 to $73.00 and set a “neutral” rating for the company in a research report on Tuesday, January 30th. UBS dropped their price objective on shares of Adient from $96.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Morgan Stanley dropped their price objective on shares of Adient from $89.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Finally, JPMorgan Chase cut shares of Adient from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $86.00 to $74.00 in a research report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $71.58.

In other Adient news, Director Frederick A. Henderson bought 4,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $61.78 per share, for a total transaction of $247,120.00. Following the transaction, the director now owns 5,715 shares of the company’s stock, valued at approximately $353,072.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick A. Henderson bought 1,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average price of $60.50 per share, with a total value of $60,500.00. Following the transaction, the director now directly owns 6,715 shares in the company, valued at approximately $406,257.50. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

A hedge fund recently bought a new stake in Adient stock. Elkfork Partners LLC purchased a new stake in Adient (NYSE:ADNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,480 shares of the company’s stock, valued at approximately $195,000. Institutional investors own 91.87% of the company’s stock.

ADNT stock opened at $63.92 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.02 and a quick ratio of 0.83. Adient has a fifty-two week low of $57.40 and a fifty-two week high of $86.42. The company has a market capitalization of $5,967.06, a P/E ratio of 6.84, a P/E/G ratio of 0.71 and a beta of -0.38.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Wednesday, April 18th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, April 17th. Adient’s payout ratio is 11.76%.

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About Adient

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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