Adient (ADNT) Set to Announce Quarterly Earnings on Friday

Adient (NYSE:ADNT - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Adient to post earnings of $0.59 per share for the quarter. Adient has set its FY 2024 guidance at EPS.Parties interested in listening to the company's conference call can do so using this link.

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

Adient Stock Up 1.5 %

Shares of NYSE:ADNT traded up $0.29 during mid-day trading on Friday, hitting $19.82. 987,703 shares of the company traded hands, compared to its average volume of 1,212,734. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08. The firm's 50 day simple moving average is $21.74 and its 200 day simple moving average is $24.56. The firm has a market cap of $1.73 billion, a P/E ratio of 26.62, a PEG ratio of 0.40 and a beta of 2.16. Adient has a 52-week low of $19.40 and a 52-week high of $37.19.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays cut their target price on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. Morgan Stanley reduced their target price 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. 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. UBS Group lowered 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. Finally, Wells Fargo & Company dropped their target price on shares of Adient from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.