Adient (ADNT) Set to Announce Earnings on Friday

Adient (NYSE:ADNT - Get Free Report) 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.Individual interested in participating in the company's earnings conference call can do so using this link.

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

Adient Stock Up 3.4 %

NYSE:ADNT traded up $1.01 during trading hours on Friday, reaching $30.42. 1,009,356 shares of the stock were exchanged, compared to its average volume of 1,027,676. The stock has a market cap of $2.78 billion, a PE ratio of 13.13, a PEG ratio of 0.31 and a beta of 2.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 0.91. Adient has a twelve month low of $27.73 and a twelve month high of $46.51. The firm has a 50 day moving average of $32.38 and a 200 day moving average of $33.59.

Wall Street Analysts Forecast Growth

ADNT has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on Adient from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, February 8th. Barclays reiterated an "equal weight" rating and set a $37.00 price objective (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lowered their price objective on Adient from $40.00 to $37.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Bank of America lowered their price objective 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 research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $42.43.

Insider Buying and Selling

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 55,669 shares in the company, valued at $1,874,931.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

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.