Adient (ADNT) Receiving Somewhat Positive Press Coverage, Analysis Shows
Media headlines about Adient (NYSE:ADNT) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adient earned a news impact score of 0.02 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5001888109163 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Johnson Controls considers sale of automotive battery division (mibiz.com)
- Adient (ADNT) PT Set at $60.00 by Susquehanna Bancshares (americanbankingnews.com)
- Stock’s Earnings Per Share (EPS) – Brief Analysis – Adient plc (NYSE: ADNT) – Stocks Market Cap (stocksmarketcap.com)
- Johnson Controls considering selling Power Solutions business – BizTimes.com (Milwaukee) (biztimes.com)
A number of equities research analysts have commented on ADNT shares. Morgan Stanley raised their price objective on Adient from $85.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 5th. Longbow Research started coverage on Adient in a research report on Friday, January 5th. They set a “neutral” rating for the company. Guggenheim restated a “hold” rating and set a $90.00 price objective on shares of Adient in a research report on Wednesday, January 10th. Robert W. Baird lowered Adient from an “outperform” rating to a “neutral” rating and set a $89.00 price objective for the company. in a research report on Wednesday, January 17th. Finally, Zacks Investment Research lowered Adient from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $71.08.
Adient (NYSE:ADNT) last announced its quarterly earnings results on Monday, January 29th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.79). The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.26 billion. Adient had a net margin of 3.19% and a return on equity of 18.72%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.12 earnings per share. equities research analysts predict that Adient will post 7.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Wednesday, April 18th will be issued a dividend of $0.275 per share. The ex-dividend date is Tuesday, April 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.84%. Adient’s dividend payout ratio is 19.78%.
In other news, Director Frederick A. Henderson purchased 1,000 shares of Adient stock in a transaction dated Friday, March 2nd. The stock was acquired at an average cost of $60.50 per share, for a total transaction of $60,500.00. Following the acquisition, the director now directly owns 6,715 shares in the company, valued at $406,257.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick A. Henderson purchased 4,000 shares of Adient stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of $61.78 per share, with a total value of $247,120.00. Following the completion of the acquisition, the director now owns 5,715 shares in the company, valued at $353,072.70. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.
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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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