After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Adient announces preliminary Q1 fiscal 2024 results.
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Stocks Info
ADNT belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto Parts industry. At the end of the last regular session, the stock closed at $34.56 and fluctuated between $35.29 as its day high and $34.48 as its day low. The current market capitalization of Adient plc is $3.24B. A total of 1.19 million shares were traded on the day, compared to an average of 1.01M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ADNT has seen 12 BUY and 23 SELL insider trades, representing the acquisition of 764,281 and the disposition of 340,461 shares. Over the last 12 months, there were 19 BUYs and 32 SELLs from insiders. Insiders purchased 789,406 shares during that period but sold 369,826.
In the most recent transaction, Dorlack Jerome J. sold 17,884 shares of ADNT for 35.38 per share on Dec 15. After the transaction, the EVP and CFO now owns 180,751 company shares. In a previous transaction on Dec 12, Carlin Peter sold 3,553 shares at 33.58 per share. ADNT shares that Director owns now total 28,352.
Among the insiders who sold shares, Conklin James disposed of 909 shares on Aug 03 at a per-share price of $45.00. This resulted in the EVP, Americas holding 18,021 shares of ADNT after the transaction. In another insider transaction, DELGROSSO DOUGLAS G sold 17,980 shares at $45.04 per share on Mar 06. Company shares held by the President and CEO now total 599,577.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Adient plc pays an annual dividend of $0.10, resulting in a dividend yield of 0.29%, and it has a price to earnings (P/E) ratio of 15.99.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ADNT in the last 3 months, the mean price target is $41.44 with high estimates of $62.00 and low estimates of $28.00. In terms of 52-week highs and lows, ADNT has a high of $47.50 and a low of $30.10.
As of this writing, ADNT has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.39. The company reported an EPS of $0.98 in the last quarter, which was 113.00% higher than expectations of $0.46.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ADNT’s latest balance sheet shows that the firm has $1.52B in Cash & Short Term Investments as of fiscal 2021. There were $3.70B in debt and $3.51B in liabilities at the time. Its Book Value Per Share was $23.78, while its Total Shareholder’s Equity was $2.96B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADNT is Buy with a score of 3.44.
