Adient (NYSE:ADNT) Posts Earnings Results, Misses Expectations By $0.03 EPS

Adient (NYSE:ADNT) released its quarterly earnings data on Wednesday. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03), Zacks reports. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company earned $0.68 EPS. Adient’s quarterly revenue was up 3.5% on a year-over-year basis. Adient updated its FY 2026 guidance to EPS.

Adient Stock Performance

Shares of Adient stock traded down $0.82 during trading on Thursday, hitting $19.17. 178,492 shares of the stock were exchanged, compared to its average volume of 1,313,858. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -7.20, a price-to-earnings-growth ratio of 0.82 and a beta of 1.87. The company has a fifty day moving average price of $24.01 and a 200-day moving average price of $20.69. Adient has a 1-year low of $10.04 and a 1-year high of $26.16. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Adient from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Stifel Nicolaus reduced their target price on shares of Adient from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday. Cfra Research raised shares of Adient from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 7th. Bank of America upped their target price on shares of Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Adient has an average rating of “Reduce” and an average price target of $23.38.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in Adient by 11.6% in the 1st quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after buying an additional 2,331 shares during the last quarter. AQR Capital Management LLC grew its stake in Adient by 171.1% in the 1st quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock valued at $2,977,000 after buying an additional 150,792 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Adient in the 1st quarter valued at about $236,000. First Trust Advisors LP grew its stake in Adient by 6.8% in the 2nd quarter. First Trust Advisors LP now owns 273,823 shares of the company’s stock valued at $5,329,000 after buying an additional 17,400 shares during the last quarter. Finally, Amundi acquired a new position in Adient in the 2nd quarter valued at about $269,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.