Adient PLC (ADNT) Announces Quarterly Dividend of $0.28

Adient PLC (NASDAQ:ADNT) declared a quarterly dividend on Thursday, July 13th, Wall Street Journal reports. Stockholders of record on Wednesday, July 26th will be paid a dividend of 0.275 per share on Thursday, August 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, July 24th.

Shares of Adient PLC (NASDAQ:ADNT) traded up 0.12% during mid-day trading on Tuesday, reaching $65.49. 403,470 shares of the company’s stock were exchanged. Adient PLC has a 52-week low of $39.66 and a 52-week high of $76.09. The stock’s 50-day moving average is $66.27 and its 200-day moving average is $67.50. The stock’s market cap is $6.10 billion.

Adient PLC (NASDAQ:ADNT) last announced its earnings results on Thursday, July 27th. The company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.02. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm posted $2.43 EPS. The business’s revenue was down 7.9% compared to the same quarter last year. On average, equities analysts expect that Adient PLC will post $9.36 EPS for the current year.

Several equities research analysts recently weighed in on ADNT shares. Royal Bank Of Canada reissued a “buy” rating and issued a $84.00 price objective on shares of Adient PLC in a report on Monday, April 10th. Zacks Investment Research lowered Adient PLC from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Barclays PLC reissued a “hold” rating and issued a $66.00 price objective (up previously from $64.00) on shares of Adient PLC in a report on Friday, April 21st. Morgan Stanley decreased their price objective on Adient PLC from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, June 9th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $40.00 price objective (down previously from $50.00) on shares of Adient PLC in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $62.87.

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About Adient PLC

Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.

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