2024-05-21 21:00:00 ET
Summary
- Adient's full-year fiscal 2024 guidance is disappointing, taking into account the expected decline in revenue and EBITDA for the current year.
- ADNT has the intention to carry on buying back its own shares, and I estimate that the stock could potentially offer a high-single digit percentage buyback yield.
- A Hold rating for Adient is maintained, after taking into account its financial outlook and shareholder capital return.
Elevator Pitch
My rating for Adient plc ( ADNT ) shares is a Hold.
I previously wrote about ADNT's capital allocation and the impact of the United Auto Workers or UAW strike on the company in my September 26, 2023 article . This latest write-up analyzes Adient's financial outlook and its future share buybacks....
Read the full article on Seeking Alpha
For further details see:
Adient: Consider Financial Prospects And Buyback Yield