Adient (NYSE:ADNT) released its quarterly earnings results on Thursday. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.38, Briefing.com reports. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.02 billion. Adient had a negative net margin of 11.00% and a positive return on equity of 8.35%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS.
ADNT stock traded down $0.39 during mid-day trading on Friday, hitting $24.46. 1,800,465 shares of the company were exchanged, compared to its average volume of 1,965,418. The company has a market capitalization of $2.33 billion, a PE ratio of 4.35 and a beta of 3.22. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 1.65. Adient has a twelve month low of $12.15 and a twelve month high of $26.40. The firm has a fifty day simple moving average of $22.47 and a 200 day simple moving average of $22.02.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Adient from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Barclays lowered their price target on shares of Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Wolfe Research assumed coverage on shares of Adient in a report on Tuesday, October 8th. They set a “market perform” rating and a $21.00 price target for the company. Bank of America lowered shares of Adient from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Friday, September 13th. Finally, UBS Group lowered shares of Adient from a “buy” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $27.00 in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.57.
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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