Adient (ADNT) Set to Announce Earnings on Tuesday

Adient (NYSE:ADNT) is set to post its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Adient to post earnings of $0.77 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. Adient had a net margin of 1.04% and a return on equity of 8.72%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company posted $0.32 EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts expect Adient to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Adient Trading Down 5.3 %

NYSE ADNT opened at $23.56 on Monday. Adient has a 12 month low of $22.93 and a 12 month high of $45.47. The company has a 50-day moving average of $25.62 and a 200-day moving average of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 0.91. The company has a market cap of $2.12 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.46 and a beta of 2.19.

Insider Activity

In other news, Director Peter Carlin sold 4,207 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $28.90, for a total transaction of $121,582.30. Following the completion of the transaction, the director now directly owns 28,352 shares in the company, valued at approximately $819,372.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ADNT shares. Barclays dropped their target price on shares of Adient from $34.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Morgan Stanley dropped their target price on shares of Adient from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, May 10th. BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price objective for the company in a research report on Monday, July 1st. JPMorgan Chase & Co. lowered their price objective on shares of Adient from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Adient from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.33.

About Adient

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.