Adient (NYSE:ADNT – Get Free Report) will be posting its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Adient to post earnings of $0.45 per share for the quarter. Adient has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Adient (NYSE:ADNT – Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.16). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Adient had a return on equity of 7.90% and a net margin of 1.39%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, analysts expect Adient to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Adient Trading Down 0.9 %
Shares of ADNT stock opened at $29.41 on Friday. The firm has a market cap of $2.68 billion, a P/E ratio of 13.13, a PEG ratio of 0.30 and a beta of 2.51. Adient has a 1-year low of $27.73 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. The firm’s 50-day simple moving average is $32.38 and its 200-day simple moving average is $33.59.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on ADNT
Insider Transactions at Adient
In other news, EVP Heather M. Tiltmann sold 10,000 shares of the firm’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 transaction of $336,800.00. Following the completion of the sale, the executive vice president now owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.
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.
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