Equities analysts predict that Adient PLC (NYSE:ADNT) will post $0.32 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Adient’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.40. Adient posted earnings per share of $0.31 in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The firm is expected to issue its next quarterly earnings results before the market opens on Friday, January 31st.

On average, analysts expect that Adient will report full-year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.30 to $2.15. For the next year, analysts forecast that the business will report earnings of $2.23 per share, with EPS estimates ranging from $1.72 to $3.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Adient.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.38. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.02 billion. Adient had a negative net margin of 2.97% and a positive return on equity of 6.23%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS.

ADNT has been the topic of a number of recent research reports. Wolfe Research began coverage on shares of Adient in a research note on Tuesday, October 8th. They set a “market perform” rating and a $21.00 price objective on the stock. Benchmark began coverage on shares of Adient in a research note on Thursday, January 9th. They issued a “hold” rating for the company. Barclays lowered their target price on shares of Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. ValuEngine downgraded shares of Adient from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley raised their target price on shares of Adient from $13.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. Adient has a consensus rating of “Hold” and an average target price of $22.32.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in Adient by 92.0% in the third quarter. Tower Research Capital LLC TRC now owns 2,553 shares of the company’s stock valued at $59,000 after acquiring an additional 1,223 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Adient in the third quarter valued at approximately $5,105,000. Redwood Investment Management LLC lifted its stake in shares of Adient by 7.9% during the third quarter. Redwood Investment Management LLC now owns 46,078 shares of the company’s stock worth $1,058,000 after buying an additional 3,381 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Adient during the third quarter worth $214,000. Finally, Morgan Stanley lifted its stake in shares of Adient by 15.5% during the second quarter. Morgan Stanley now owns 143,577 shares of the company’s stock worth $3,484,000 after buying an additional 19,314 shares during the period. Institutional investors own 98.84% of the company’s stock.

Shares of NYSE ADNT traded down $1.04 during midday trading on Thursday, reaching $20.80. 688,220 shares of the company’s stock traded hands, compared to its average volume of 1,044,626. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The stock’s 50 day simple moving average is $21.74 and its 200-day simple moving average is $22.26. Adient has a one year low of $12.15 and a one year high of $26.40. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -3.97, a P/E/G ratio of 0.42 and a beta of 3.16.

About Adient

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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