Equities Analysts Set Expectations for Adient plc’s Q4 2024 Earnings (NYSE:ADNT)

Posted by on Jun 23rd, 2023

Adient plc (NYSE:ADNT – Get Rating) – Equities research analysts at Zacks Research lowered their Q4 2024 earnings per share estimates for Adient in a report released on Monday, June 19th. Zacks Research analyst L. Shahu now anticipates that the company will post earnings per share of $0.53 for the quarter, down from their prior estimate of $0.72. The consensus estimate for Adient’s current full-year earnings is $1.47 per share. Zacks Research also issued estimates for Adient’s Q2 2025 earnings at $0.90 EPS and FY2025 earnings at $3.68 EPS.

Adient (NYSE:ADNT – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.78 billion. Adient had a return on equity of 4.99% and a net margin of 0.08%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) EPS.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company lowered their target price on Adient from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 10th. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a research note on Thursday. BNP Paribas downgraded Adient from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 1st. Finally, Barclays lowered their target price on Adient from $54.00 to $50.00 in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.43.

Adient Stock Down 1.8 %

Shares of NYSE ADNT opened at $36.93 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 307.75 and a beta of 2.77. Adient has a 12 month low of $27.15 and a 12 month high of $47.50. The stock has a 50-day moving average price of $36.59 and a two-hundred day moving average price of $38.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new stake in Adient in the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC boosted its holdings in Adient by 32.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,091 shares of the company’s stock valued at $38,000 after acquiring an additional 268 shares during the last quarter. FourThought Financial LLC boosted its holdings in Adient by 19.0% in the third quarter. FourThought Financial LLC now owns 1,838 shares of the company’s stock valued at $51,000 after acquiring an additional 293 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Adient in the fourth quarter valued at approximately $115,000. Finally, US Bancorp DE boosted its holdings in Adient by 13.1% in the first quarter. US Bancorp DE now owns 3,916 shares of the company’s stock valued at $160,000 after acquiring an additional 454 shares during the last quarter. Institutional investors and hedge funds own 96.40% of the company’s stock.

About Adient

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Adient plc, an investment holding company, 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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Earnings History and Estimates for Adient (NYSE:ADNT)

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