Adient PLC (ADNT) Earning Somewhat Favorable News Coverage, Accern Reports
Media stories about Adient PLC (NASDAQ:ADNT) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Adient PLC earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.3618938816332 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Adient plc (ADNT) registers a price change of -0.13% while PHH … – Stocks Gallery (stocksgallery.com)
- Why this stock is considered to be Overbought? Adient plc (ADNT) – Voice Of Analysts (analystsbuzz.com)
- ETF & Stocks to Buy on Rebounding September Auto Sales (nasdaq.com)
- Adient plc Ordinary Shares (NYSE:ADNT) Hits ‘Overbought’ As Indicated by Its RSI(14) – First News 24 (firstnewspaper24.com)
- Stock recommendation to Buy: Adient plc (ADNT) – Street Observer (press release) (streetobserver.com)
Shares of Adient PLC (NASDAQ ADNT) opened at 84.67 on Friday. The stock’s market cap is $7.88 billion. The company has a 50-day moving average of $81.71 and a 200 day moving average of $81.71. Adient PLC has a one year low of $39.66 and a one year high of $86.42.
Adient PLC (NASDAQ:ADNT) last released its earnings results on Thursday, July 27th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.02. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.12 billion. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. Adient PLC’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.43 EPS. On average, analysts predict that Adient PLC will post $9.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 18th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, October 17th.
ADNT has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Adient PLC in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Adient PLC from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Monday, October 2nd. Guggenheim initiated coverage on shares of Adient PLC in a report on Wednesday, June 21st. They set a “neutral” rating and a $65.00 price target on the stock. Morgan Stanley cut their price target 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, Bank of America Corporation reiterated an “underperform” rating and set a $40.00 price target (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, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.93.
In other Adient PLC news, Chairman R Bruce Mcdonald sold 4,607 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $68.67, for a total transaction of $316,362.69. Following the sale, the chairman now owns 4,818 shares of the company’s stock, valued at approximately $330,852.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Raymond L. Conner bought 3,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average cost of $73.91 per share, for a total transaction of $221,730.00. Following the transaction, the director now owns 5,270 shares in the company, valued at approximately $389,505.70. The disclosure for this purchase can be found here.
Adient PLC Company Profile
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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