ADNT - Adient plc

NYSE - NYSE Delayed Price. Currency in USD
16.84
+0.03 (+0.18%)
At close: 4:00PM EDT
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MACD

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close16.81
Open17.04
Bid16.32 x 800
Ask17.23 x 1100
Day's Range16.23 - 17.09
52 Week Range5.90 - 29.27
Volume865,513
Avg. Volume1,866,600
Market Cap1.581B
Beta (5Y Monthly)3.62
PE Ratio (TTM)N/A
EPS (TTM)-5.45
Earnings DateAug 04, 2020 - Aug 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateOct 23, 2018
1y Target Est15.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • RBC: 2 Strong Value Stocks to Buy Now
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    RBC: 2 Strong Value Stocks to Buy Now

    Which strategy is a favorite of billionaires like Warren Buffet and Benjamin Graham? Value investing. This tactic, which involves looking for stocks that appear cheap when compared to their competitors on a price-to-earnings basis, hasn’t exactly been a fan-favorite among investors in the last decade. However, during a period riddled with uncertainty as a result of the COVID-19 pandemic, Wall Street pros are seeing merit in this approach.The analysts from research firm RBC Capital are among those employing this strategy. The firm is one of TipRanks’ Top Performing Research Firms, landing within the top 10 out of 50 total firms, and it’s known for housing some pretty talented stock pickers.With this in mind, we wanted to take a closer look at two stocks RBC’s analysts believe represent strong value plays, with each scoring upgrades from the firm in recent days. Running the names through TipRanks’ database, we learned that both have other bulls in their corners, based on all of the ratings received in the last three months. Let’s dive right in.Clearwater Paper Corporation (CLW)With manufacturing facilities located throughout the U.S., Clearwater produces consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp. Even though RBC hasn’t always been a fan of the company, the firm believes the tide is turning.Representing the firm, five-star analyst Paul Quinn notes that CLW could finally be approaching an inflection point, citing its solid performance in its last two quarters as well as positive trends in its end-markets to support this claim.Looking specifically at the most recent quarter, better-than-expected consumer products results drove CLW’s strong showing, with adjusted EBITDA of $55.4 million flying past Quinn’s $37.9 million call and the $42.1 million consensus estimate. During the quarter, demand was particularly strong, with shipments up 19% compared to historical averages. Management stated demand ticked up at the end of the quarter, and U.S. retail sales gained 90% year-over-year in March. The solid demand is also expected to persist for at least the next few months, even though it might have less of a material impact.Expounding on this, Quinn said, “Under normal conditions, about a third of tissue is consumed away-from-home, which we expect has at least partially shifted to at-home consumption. In our view, this increased demand is supportive of increased tissue pricing, especially given that input costs are trending upwards (both recycled and virgin). Higher tissue prices would be positive for Clearwater revenue growth and margins.”Adding to the good news, the paperboard segment also did well in Q1 as consumers stockpiled food, pharmaceuticals and other consumer packaged goods. It doesn’t hurt that two thirds of demand in the industry is fueled by “recession resistant” market segments, according to CLW. Despite the fact that WestRock is expecting to see some demand weakness in certain segments, Quinn argues that CLW has limited exposure in these areas.Going forward, management believes it can continue this strong execution in the second quarter, guiding for adjusted EBITDA of $45-55 million, which is higher than Quinn’s original forecast. The analyst added, “Although there remains uncertainty due to COVID-19, management expects to see continued elevated demand in tissue as current production rates can surpass volume levels achieved in Q1. Higher volumes are likely to result in cost benefits for the segment as well.”To this end, Quinn is joining the bulls. In addition to upgrading his rating to Outperform, he also lifted the price target from $20 to $35, implying 21% upside potential. (To watch Quinn’s track record, click here)Turning now to the rest of the Street, CLW’s Moderate Buy consensus rating breaks down into 2 Buys and a single Hold. Not to mention the $36.50 average price target brings the upside potential to 26%. (See Clearwater stock analysis on TipRanks)Adient PLC (ADNT)Spinning off from Johnson Controls, Adient is one of the largest vehicle seating suppliers in the world, producing over 23 million seat systems every year. While there has been somewhat of a dark cloud looming over the company, RBC has been impressed by its ability to hold up during the storm.Weighing in on ADNT for the firm, analyst Joseph Spak points out that liquidity, on a pro-forma basis for post quarter actions, comes in at around $2.26 billion. In addition, the company is planning on receiving an extra $575 million by full year-end from asset sales that were announced at an earlier date and about $200 million in JV dividends. “So with monthly cash burn down to just $175 million in a production environment similar to April, liquidity profile seems more than sufficient. Post crisis, cash on balance sheet only needs to be $500-$600 million,” the analyst explained.On top of this, Spak cited CEO Del Grosso’s leadership as inspiring confidence. “Prior to COVID-19, we had seen sequential improvement in margins as signs that ADNT was improving performance through efficiencies, cost reductions, VAVE, and exiting non-profitable programs. Company was on track to beat FY20 targets pre-COVID,” he stated.Spak doesn’t dispute the fact that managing complexity hasn’t always been one of ADNT’s strengths, but he argues that should manufacturers push back mid-cycle refreshes to save capital, it could result in lower volumes and some program specific delays. This is a good thing for the company as it would decrease system complexity. It could also give management a chance to assess and reduce SG&A even more.With Spak also telling investors that ADNT will be able to reduce its debt when free cash flow generation resumes, the deal is sealed. Not only does the stock get an upgrade, from Sector Perform to Outperform, but the price target also gets a boost. The new $20 target implies shares could surge 13% in the next year. (To watch Spak’s track record, click here)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Adient (ADNT) Tops Q1 Earnings & Sales Estimates, Scraps View
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    Adient (ADNT) Tops Q1 Earnings & Sales Estimates, Scraps View

    Adient (ADNT) scraps 2020 guidance as management expects the coronavirus pandemic and related setbacks to strain its operations in the days to come.

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  • Adient plc (ADNT) Q2 2020 Earnings Call Transcript
    Motley Fool

    Adient plc (ADNT) Q2 2020 Earnings Call Transcript

    ADNT earnings call for the period ending March 31, 2020.

  • Adient (ADNT) Q2 Earnings and Revenues Top Estimates
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    Adient (ADNT) Q2 Earnings and Revenues Top Estimates

    Adient (ADNT) delivered earnings and revenue surprises of 93.75% and 0.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Benzinga

    Adient: Q2 Earnings Insights

    Shares of Adient (NYSE:ADNT) were unchanged at $14.81 after the company reported Q2 results.Quarterly Results Earnings per share rose 100.00% over the past year to $0.62, which may not compare to the estimate of $0.01.Revenue of $3,511,000,000 lower by 16.96% from the same period last year, which missed the estimate of $3,650,000,000.Guidance Adient hasn't issued any earnings guidance for the time being.Adient hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 05, 2020View more earnings on ADNTWebcast URL: https://78449.choruscall.com/dataconf/productusers/adnt/mediaframe/37110/indexr.htmlTechnicals Company's 52-week high was at $29.27Company's 52-week low was at $5.90Price action over last quarter: down 43.45%Company Profile Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment into this new company. Adient is the leading seating supplier to the industry with about one third of the global market as well as a dominant share in China of about 45%. Operations in China are accounted for under the equity method so revenue there is unconsolidated. Unconsolidated seating and interiors revenue from joint ventures totaled $15.6 billion in fiscal 2019. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2019 consolidated revenue, that is excluding joint venture sales, was $16.5 billion.See more from Benzinga * Recap: Asbury Automotive Group Q1 Earnings * AMC Networks: Q1 Earnings Insights * Marcus: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Adient reports second quarter 2020 financial results
    PR Newswire

    Adient reports second quarter 2020 financial results

    Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter 2020 financial results.

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  • Adient announces pricing of $600 million of 9.00% senior secured notes due 2025
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    Adient announces pricing of $600 million of 9.00% senior secured notes due 2025

    Adient (NYSE: ADNT), a global leader in automotive seating, today announced the pricing of the private offering by its wholly-owned subsidiary, Adient US LLC, of $600 million in aggregate principal amount of 9.00% senior secured notes due 2025 (the "Notes"). The Notes will be issued at par value.

  • Moody's

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    Moody's Investors Service, (" Moody's ") confirmed the ratings of Adient Global Holdings Ltd. (Adient) including Corporate Family Rating (CFR) at B2, the Probability of Default Rating at B2-PD, and the senior unsecured ratings at B3, Adient US LLC's senior secured facilities at Ba3; and assigned a Ba3 rating to Adient US LLC's new senior secured note. The Speculative Grade Liquidity Rating is SGL-2.

  • Adient announces intention to offer $500 million of senior secured notes
    PR Newswire

    Adient announces intention to offer $500 million of senior secured notes

    Adient (NYSE: ADNT), a global leader in automotive seating, today announced that its wholly-owned subsidiary, Adient US LLC, intends, subject to market and other customary conditions, to offer $500 million in aggregate principal amount of senior secured notes due 2025 (the "Notes") in a private offering.

  • Adient announces preliminary Q2 fiscal 2020 results; exploring funding options to further strengthen the balance sheet
    PR Newswire

    Adient announces preliminary Q2 fiscal 2020 results; exploring funding options to further strengthen the balance sheet

    Adient (NYSE: ADNT), a global leader in automotive seating, today reported certain preliminary financial results for the quarter ended March 31, 2020. Revenue in Q2FY20 is expected to be approximately $3.5B versus $4.2B in Q2FY19. Q2FY20 Adjusted EBITDA is expected to be between $200M and $210M (including ~$100M impact from COVID-19), versus $191M in the prior-year quarter. Free cash flow (operating cash flow, less capital expenditures) for the quarter is expected to be between $(140)M and $(160)M, versus $60M in the prior-year quarter. The negative impact of working capital movements (which is highly volatile to quarter close timing differences between periods) was the primary driver of the year-on-year decrease. For the March 31, 2020 YTD period, free cash flow is expected to be approximately breakeven versus $(212)M for the same period last year.

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  • Do Hedge Funds Love Adient plc (ADNT)?
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  • Adient to discuss Q2 fiscal 2020 financial results on May 5, 2020
    PR Newswire

    Adient to discuss Q2 fiscal 2020 financial results on May 5, 2020

    Adient (NYSE: ADNT), a global leader in automotive seating, will host a call for financial analysts on May 5, 2020 at 8:30 a.m. (ET) to discuss its second quarter fiscal 2020 financial results. The call will be hosted by Adient's president and chief executive officer, Douglas Del Grosso, and executive vice president and chief financial officer, Jeff Stafeil.

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  • Moody's

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    Rating Action: Moody's places Adient's ratings under review for downgrade, senior secured rating downgraded to Ba3. New York, March 25, 2020 -- Moody's Investors Service placed the ratings of Adient Global Holdings Ltd. (Adient) including Corporate Family Rating (CFR) at B2, the Probability of Default Rating at B2-PD, and the senior unsecured ratings at B3 under review for downgrade.

  • Adient suspends FY2020 outlook due to COVID-19 uncertainty
    PR Newswire

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    Adient, a global leader in automotive seating, today announced that it is suspending its FY2020 outlook due to the unprecedented global economic uncertainty caused by the COVID-19 pandemic.

  • Adient Enters Oversold Territory
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  • Adient (ADNT) Plunges 37.7% Year to Date: Will it Rebound?
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    Adient (ADNT) anticipates 2020 adjusted EBITDA to be dented by COVID-19 and track toward the lower end of the outlook of $870-$910 million.

  • Insider Buying: The Adient plc (NYSE:ADNT) Executive VP & CFO Just Bought US$100k Worth Of Shares
    Simply Wall St.

    Insider Buying: The Adient plc (NYSE:ADNT) Executive VP & CFO Just Bought US$100k Worth Of Shares

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    Moody's Investors Service ("Moody's") affirmed the ratings of Adient Global Holdings Ltd. ("Adient") including Corporate Family Rating (CFR) and Probability of Default Rating at B2, and B2-PD; senior unsecured ratings at B3; and Adient US LLC's senior secured ratings at Ba2.

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