Adient (NYSE:ADNT) Announces Earnings Results, Beats Estimates By $0.12 EPS

Adient (NYSE:ADNT - Get Free Report) announced its earnings results on Friday. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.56 by $0.12, Briefing.com reports. Adient had a net margin of 0.50% and a return on equity of 6.34%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm posted $0.51 EPS. The business's quarterly revenue was down 3.7% on a year-over-year basis. Adient updated its FY 2025 guidance to EPS.

Adient Stock Performance

NYSE ADNT traded up $0.44 on Friday, hitting $20.32. 2,166,033 shares of the stock were exchanged, compared to its average volume of 1,227,582. Adient has a 52 week low of $19.30 and a 52 week high of $37.19. The company has a market capitalization of $1.77 billion, a PE ratio of 88.35, a P/E/G ratio of 0.39 and a beta of 2.18. The business's fifty day moving average is $21.46 and its 200 day moving average is $24.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

ADNT has been the topic of several recent analyst reports. UBS Group dropped their price target on Adient from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley cut their price objective on shares of Adient from $32.00 to $21.00 and set an "underweight" rating for the company in a research report on Wednesday, August 14th. Bank of America decreased their target price on Adient from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on Adient from $31.00 to $27.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Finally, Wolfe Research started coverage on shares of Adient in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $25.38.

About Adient

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.