Adient PLC (NYSE:ADNT) declared a quarterly dividend on Tuesday, November 7th, Zacks reports. Shareholders of record on Thursday, January 18th will be given a dividend of 0.275 per share on Thursday, February 15th. This represents a $1.10 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, January 17th.

Adient has a dividend payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Adient to earn $11.43 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 9.6%.

Adient (NYSE:ADNT) opened at $82.69 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Adient has a 1-year low of $59.10 and a 1-year high of $86.42. The stock has a market cap of $7,698.44, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.75 and a beta of -0.25.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.13. Adient had a net margin of 5.47% and a return on equity of 22.48%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the previous year, the firm posted $2.15 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. sell-side analysts anticipate that Adient will post 10.36 EPS for the current fiscal year.

Several equities research analysts have recently commented on the stock. Barclays lifted their price objective on shares of Adient to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Guggenheim reiterated a “hold” rating and set a $90.00 price objective on shares of Adient in a research note on Wednesday, January 10th. Robert W. Baird lowered their price objective on shares of Adient from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Longbow Research assumed coverage on shares of Adient in a research note on Friday, January 5th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of Adient in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Adient has an average rating of “Hold” and an average price target of $83.22.

In related news, VP Cathleen A. Ebacher sold 2,584 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $79.13, for a total transaction of $204,471.92. Following the completion of the transaction, the vice president now directly owns 36,454 shares in the company, valued at $2,884,605.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total transaction of $5,318,246.93. The disclosure for this sale can be found here. Insiders have sold 79,525 shares of company stock valued at $6,242,744 over the last 90 days. 0.14% of the stock is currently owned by insiders.

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Adient 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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