Adient plc (ADNT), a Consumer Cyclical Auto Parts corporation, saw its stock trade 25.99 shares, a reduction compared to its 10-day trading volume of 3.09M. Adient plc (ADNT) stock traded at $25.99, up 0.28 cents or +1.09% on the day.
On Jan. 31, 2020 — Adient plc (ADNT) has entered into a definitive agreement with Yanfeng Automotive Trim Systems Co., Ltd. (Yanfeng) to make certain changes to their existing joint venture relationships.
As part of these changes, Adient plc (ADNT) has agreed to sell its 30 percent ownership stake in YFAI to Yanfeng for US$ 379 million.
Adient and Yanfeng have also agreed to extend the term of their YFAS joint venture to Dec. 31, 2038. The extension demonstrates Adient’s continued commitment to the partnership and the region.
In addition, Adient has agreed to sell certain patents and other intellectual property exclusively used in its seating mechanisms business to AYM for US$ 20 million, and AYM will license such intellectual property back to Adient. Going forward, Adient and AYM have also agreed to license to each other certain other intellectual property related to the seating mechanisms business.
On 31 Jan, 2020 announced first quarter 2020 financial results.
- Impacted by one-time, non-cash charges, Q1 GAAP net loss and EPS diluted of $(167)M and $(1.78) respectively; Q1 Adj.-EPS diluted of $0.96
- Q1 Adj.-EBITDA of $297M, up $121M y-o-y; Adj. EBITDA margin of 7.5%, up 330 bps y-o-y
- Cash and cash equivalents of $965M at Dec. 31, 2019
- Gross debt and net debt totaled $3,754M and $2,789M, respectively, at Dec. 31, 2019
- Earnings and cash flow growth, combined with proceeds from recently announced strategic actions totaling ~$400M, are expected to be used to pre-pay a portion of Adient’s debt
Total Revenue for Adient plc (ADNT) is $16.3B, Gross Profit is $801M and the EBITDA is $508M.
Adient plc (ADNT) Technical Details:
The average 10-day trading volume of Adient plc (ADNT) is 3.09M compared to 1.4M over the last 3 months which indicates an inflation in trading activity. Right now, Adient plc (ADNT) has a 50-day moving average of $21.34 and a 200-day moving average of $22.24. These moving averages are popular technical statistics that investors use to analyze price trends of Adient plc (ADNT).
Approximately – of the shares of the company are sold short from traders betting the stock may trade lower. Adient plc (ADNT) stock is indicating its 5.86% to 4.93% more volatile than the overall global market.
Technically, ADNT’s short term support levels are around $24.86, $24.61 and $24.31 on the downside. ADNTs short term resistance level is $25.94 on the upside.
Based on technical analysis, ADNT has short term rating of Bullish (0.42), Intermediate rating of Neutral (0.21) and the long-term rating of Neutral (0.00) giving it an overall rating of Neutral (0.21).
ADNT is trading 111.69% off its 52 week low at $12.15 and -2.61% off its 52 week high of $26.40. Performance wise, ADNT stock has recently shown investors 26.84% an inflation in a week, 20.99% an inflation in a month and 14.32% an inflation in the past quarter.
Furthermore, Adient plc (ADNT) has shown a return of 20.99% since the beginning of the year.
Adient plc (ADNT) Key Data:
Adient plc (ADNT) is a mid cap company with a market cap value of $2.438B. ADNT insiders hold roughly 0.78% of the shares.
On Jan-27-20 Credit Suisse Upgrade ADNT as Neutral → Outperform at $22 → $26. On Jan-31-20 BofA/Merrill Upgrade ADNT as Neutral → Buy at $24 → $28 and on Feb-03-20 Buckingham Research Upgrade ADNT as Underperform → Neutral at $20 → $27.
There are currently – shares in the float and 70.48M shares outstanding.
The industry rank for Adient plc (ADNT) is 183 out of 255 ranking it at the Bottom 28% .
Adient plc (ADNT) Fundamental Research:
ADNT last 2 years revenues have increased from $16,526,000 to $16,750,000 showing an uptrend.
Wall Street expects Adient plc (ADNT) to report an EPS next Qtr profit of 0.41 and a profit of 41.65% next year.
The growth rate on ADNT this year is -2.45 compared to an industry -13.80. However, ADNTs next year’s growth rate is 37.74 compared to an industry 13.10.
The book value per share (mrq) is 19.68 and cash per share (mrq) is 13.11. Giving them a price/book (mrq) of 1.10 compared to an industry of 1.29 and ADNTs price/cash flow (mrfy) is 5.11 compared to an industry of 4.61.
ADNT fundamental ratios shows an EPS growth vs. previous year 1.59 and EPS growth vs. previous quarter 0.44.
About Adient plc (ADNT):
Per IHS Automotive, Dublin, Ireland-based Adient PLC is the world’s largest automotive seating supplier. Created after the separation of the automotive seating and interiors business of Johnson Controls International PLC, Adient now maintains relationships with the largest global auto manufacturers. The company’s technologies extend to virtually every area of automotive seating solutions.It designs, manufactures and markets seating systems and components for passenger cars, commercial vehicles and light trucks — including vans, pick-up trucks and sport/crossover utility vehicles. Adient is also engaged in supplying high-performance seating systems to the international motorsports industry.With 85,000 employees, the company produces and delivers automotive seating for all vehicle classes and major original equipment manufacturers (OEMs). It operates around 238 wholly and majority-owned manufacturing or assembly facilities, with operations in 34 countries. Additionally, Adient has partially-owned affiliates in China, Asia, Europe and North America. Through its global footprint, vertical integration and partnerships in China, the company leverages its capabilities to drive growth.Adient’s business includes Seating, SS&M and Interiors.Seating business produces complete seat systems for automotive and other mobility applications as well as certain components of complete seat systems, such as foam, trim and fabric.Seat Structures & Mechanisms (SS&M) business produces seat structures and mechanisms for inclusion in complete seat systems produced by Adient or others.Interiors business is derived from Adient’s global automotive interior joint ventures, produces instrument panels, floor consoles, door panels, overhead consoles, cockpit systems, decorative trim and other products.Adient currently operates through three reportable segments — Americas, which includes North America and South America; Europe, Middle East, and Africa (“EMEA”); and Asia Pacific/China (“Asia”).