Adient PLC (ADNT) Issues Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Adient PLC (NASDAQ:ADNT) released its earnings results on Thursday. The company reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.13, Bloomberg Earnings reports. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.85 billion. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.15 EPS.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 18th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Tuesday, October 17th.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.com-unik.info/2017/11/02/adient-plc-adnt-releases-quarterly-earnings-results-beats-estimates-by-0-16-eps.html.

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Adient PLC from $96.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday. Barclays PLC boosted their target price on shares of Adient PLC to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. UBS AG boosted their target price on shares of Adient PLC from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Robert W. Baird reissued a “buy” rating on shares of Adient PLC in a research report on Tuesday, October 17th. Finally, ValuEngine raised shares of Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.73.

In related news, insider Byron S. Foster sold 1,316 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $69.85, for a total transaction of $91,922.60. Following the completion of the sale, the insider now owns 67,845 shares in the company, valued at approximately $4,738,973.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond L. Conner bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average price of $73.91 per share, with a total value of $221,730.00. Following the transaction, the director now directly owns 5,270 shares in the company, valued at $389,505.70. The disclosure for this purchase can be found here.

About Adient PLC

Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.

What are top analysts saying about Adient PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Adient PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit