Adient (NYSE:ADNT) Announces Quarterly Earnings Results

Adient (NYSE:ADNT) issued its quarterly earnings data on Friday. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15, Briefing.com reports. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. Adient had a net margin of 1.39% and a return on equity of 7.90%. Adient’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. Adient updated its FY 2024 guidance to EPS.

Adient Price Performance

ADNT opened at $27.41 on Monday. The firm has a market cap of $2.50 billion, a PE ratio of 16.82, a P/E/G ratio of 0.29 and a beta of 2.39. The stock has a 50-day moving average price of $31.82 and a 200-day moving average price of $33.28. Adient has a 1 year low of $26.97 and a 1 year high of $46.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 0.91.

Insider Buying and Selling at Adient

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value of $336,800.00. Following the completion of the transaction, the executive vice president now directly owns 55,669 shares in the company, valued at approximately $1,874,931.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America lowered their target price on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Wells Fargo & Company decreased their price objective on Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. JPMorgan Chase & Co. lowered their price objective on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Finally, Barclays reaffirmed an “equal weight” rating and issued a $37.00 target price (down from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.43.

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.