Adient (NYSE:ADNT) announced its quarterly earnings results on Friday. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.04, MarketWatch Earnings reports. Adient had a return on equity of 14.27% and a net margin of 0.08%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. Adient’s revenue was up 4.2% compared to the same quarter last year.
NYSE:ADNT traded down $7.31 during trading on Friday, reaching $21.52. The company’s stock had a trading volume of 7,538,879 shares, compared to its average volume of 1,741,756. The company has a market capitalization of $2.79 billion, a PE ratio of 2.30, a price-to-earnings-growth ratio of 0.38 and a beta of 0.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 0.84. Adient has a 12 month low of $21.42 and a 12 month high of $84.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 24th will be paid a $0.275 dividend. The ex-dividend date is Tuesday, October 23rd. This represents a $1.10 dividend on an annualized basis and a yield of 5.11%. Adient’s dividend payout ratio (DPR) is presently 11.76%.
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Adient Company Profile
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.
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