Adient (ADNT) to Release Earnings on Friday

Adient (NYSE:ADNT) will issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.30). Adient had a net margin of 0.50% and a return on equity of 6.34%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts expect Adient to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Adient Price Performance

NYSE ADNT opened at $19.72 on Wednesday. The company has a market cap of $1.72 billion, a PE ratio of 26.65, a P/E/G ratio of 0.39 and a beta of 2.18. The firm’s 50 day moving average price is $21.61 and its 200-day moving average price is $24.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08. Adient has a 52-week low of $19.31 and a 52-week high of $37.19.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ADNT shares. Wolfe Research assumed coverage on Adient in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company cut their target price on Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. UBS Group decreased their price target on shares of Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 price target on shares of Adient in a report on Tuesday, September 10th. Finally, Morgan Stanley reduced their price objective on shares of Adient from $32.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.38.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.