Brokerages Expect Adient PLC (ADNT) Will Announce Quarterly Sales of $4.13 Billion
Equities research analysts forecast that Adient PLC (NASDAQ:ADNT) will report sales of $4.13 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Adient PLC’s earnings, with the lowest sales estimate coming in at $4.00 billion and the highest estimate coming in at $4.25 billion. The firm is scheduled to announce its next earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that Adient PLC will report full-year sales of $4.13 billion for the current fiscal year, with estimates ranging from $16.15 billion to $16.25 billion. For the next financial year, analysts anticipate that the company will report sales of $16.26 billion per share, with estimates ranging from $15.87 billion to $16.80 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Adient PLC.
Adient PLC (NASDAQ:ADNT) last released its earnings results on Friday, April 28th. The company reported $2.50 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.06. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Adient PLC had a return on equity of 22.35% and a net margin of 5.13%. The business’s quarterly revenue was down 2.0% on a year-over-year basis.
A number of research firms have recently weighed in on ADNT. Royal Bank Of Canada boosted their target price on shares of Adient PLC from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Adient PLC from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Tuesday, March 21st. Bank of America Corporation restated an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Adient PLC in a report on Friday, June 16th. Morgan Stanley reduced their target price on shares of Adient PLC from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. Finally, Barclays PLC restated a “hold” rating and issued a $66.00 target price (up from $64.00) on shares of Adient PLC in a report on Friday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.71.
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Adient PLC (NASDAQ ADNT) traded up 2.25% on Friday, reaching $67.65. The company had a trading volume of 613,095 shares. The stock’s market capitalization is $6.34 billion. Adient PLC has a 12-month low of $39.66 and a 12-month high of $76.09. The stock’s 50 day moving average price is $67.11 and its 200-day moving average price is $65.84.
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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