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

Adient (NYSE:ADNT) issued its earnings results on Friday. The company reported $0.68 earnings per share for the quarter, beating 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 business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. Adient updated its FY 2025 guidance to EPS.

Adient Trading Up 2.2 %

ADNT opened at $20.32 on Friday. Adient has a fifty-two week low of $19.30 and a fifty-two week high of $37.19. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 0.39 and a beta of 2.18. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $21.46 and a 200 day simple moving average of $24.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Bank of America dropped their price objective on Adient from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Barclays reduced their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $24.00 target price on shares of Adient in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company reduced their price target on shares of Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.