Adient shares are down more than 70% since the beginning of 2018, with the company struggling through the launch of a new product line that led to higher labor and freight expenses.
Full Answer
Where can I buy Adient stock?
Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Adient's stock price today? One share of ADNT stock can currently be purchased for approximately $49.61. How much money does Adient make?
Who is the CEO of Adient?
100 employees have rated Adient CEO Douglas G. DelGrosso on Glassdoor.com. Douglas G. DelGrosso has an approval rating of 77% among Adient's employees. Who are some of Adient's key competitors?
What are Adient's stock price targets for the next 12 months?
15 brokers have issued 1-year price targets for Adient's shares. Their predictions range from $13.00 to $28.00. On average, they expect Adient's stock price to reach $21.57 in the next twelve months. This suggests that the stock has a possible downside of 5.8%.
Where can I buy AdNT stock?
Shares of ADNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Adient's stock price today?
Is ADNT stock a buy right now?
10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adient in the last year. There are currently 1 sell rating, 4 ho...
Will Adient's stock price go up in 2022?
10 Wall Street research analysts have issued 12-month price objectives for Adient's shares. Their forecasts range from $31.00 to $53.00. On average...
How has Adient's stock price performed in 2022?
Adient's stock was trading at $47.88 at the beginning of 2022. Since then, ADNT stock has decreased by 20.4% and is now trading at $38.13. View th...
When is Adient's next earnings date?
Adient is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Adient .
How were Adient's earnings last quarter?
Adient plc (NYSE:ADNT) issued its quarterly earnings data on Thursday, May, 5th. The company reported ($0.13) earnings per share for the quarter, m...
What guidance has Adient issued on next quarter's earnings?
Adient updated its FY 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share guidance of for the period. The company...
Who are Adient's key executives?
Adient's management team includes the following people: Mr. Douglas G. Del Grosso , Pres, CEO & Director (Age 60, Pay $2.85M) Mr. Jeffrey M. Sta...
What is Douglas G. DelGrosso's approval rating as Adient's CEO?
100 employees have rated Adient CEO Douglas G. DelGrosso on Glassdoor.com . Douglas G. DelGrosso has an approval rating of 77% among Adient's empl...
Who are some of Adient's key competitors?
Some companies that are related to Adient include BorgWarner (BWA) , Isuzu Motors (ISUZY) , Lear (LEA) , Gentex (GNTX) , Autoliv (ALV) , Vale...
What happened
Shares of Adient ( ADNT 2.73% ), a vehicle seating and interior company, took a hit on Friday. The stock finished the trading day down 25.4%.
So what
For its fiscal fourth quarter, revenue increased by $166 million from the year-ago quarter to $4.1 billion. But the company's bottom line swung from a net profit of $344 million in the year-ago quarter to a loss of $1.36 billion. Adjusted earnings per share declined from $2.32 in the year-ago period to $1.30.
NYSE: ADNT
But most surprising was Adient's announcement to suspend its dividend. The dividend will cease beginning the second quarter of fiscal 2019.
Now what
In Adient's fiscal fourth-quarter earnings call, management said its decision to suspend its dividend reflects its efforts to boost financial flexibility and pay down debt.
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