$2.57 Billion in Sales Expected for Autoliv, Inc. (NYSE:ALV) This Quarter
Wall Street analysts expect Autoliv, Inc. (NYSE:ALV) to announce $2.57 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Autoliv’s earnings, with estimates ranging from $2.55 billion to $2.59 billion. Autoliv reported sales of $2.58 billion during the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Friday, July 21st.
On average, analysts expect that Autoliv will report full-year sales of $2.57 billion for the current fiscal year, with estimates ranging from $10.34 billion to $10.50 billion. For the next financial year, analysts forecast that the business will report sales of $11.08 billion per share, with estimates ranging from $10.74 billion to $11.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Autoliv.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, April 28th. The auto parts company reported $1.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.13. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a net margin of 5.60% and a return on equity of 14.78%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.66 EPS.
A number of research firms have recently weighed in on ALV. Royal Bank Of Canada reissued a “hold” rating and set a $98.00 price objective on shares of Autoliv in a research note on Thursday. BidaskClub raised Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and set a $119.00 price objective on shares of Autoliv in a research note on Friday, June 16th. Guggenheim began coverage on Autoliv in a research note on Wednesday, June 21st. They set a “neutral” rating and a $102.00 price objective for the company. Finally, CLSA began coverage on Autoliv in a research note on Thursday, June 22nd. They set a “hold” rating and a $102.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $106.08.
In other Autoliv news, VP Svante Mogefors sold 6,738 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $102.46, for a total value of $690,375.48. Following the completion of the transaction, the vice president now owns 17,269 shares in the company, valued at $1,769,381.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Alspaugh sold 1,156 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $109.87, for a total value of $127,009.72. Following the completion of the transaction, the director now owns 3,800 shares of the company’s stock, valued at approximately $417,506. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of ALV. Dimensional Fund Advisors LP increased its position in Autoliv by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 430,574 shares of the auto parts company’s stock worth $48,723,000 after buying an additional 9,714 shares during the period. Karp Capital Management Corp purchased a new position in Autoliv during the first quarter worth about $1,434,000. DekaBank Deutsche Girozentrale increased its position in Autoliv by 132.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,255 shares of the auto parts company’s stock worth $669,000 after buying an additional 3,561 shares during the period. Aberdeen Asset Management PLC UK increased its position in Autoliv by 16.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 5,596 shares of the auto parts company’s stock worth $572,000 after buying an additional 770 shares during the period. Finally, Macquarie Group Ltd. increased its position in Autoliv by 2,057.6% in the fourth quarter. Macquarie Group Ltd. now owns 60,414 shares of the auto parts company’s stock worth $6,836,000 after buying an additional 57,614 shares during the period. Institutional investors and hedge funds own 32.19% of the company’s stock.
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Shares of Autoliv (NYSE:ALV) traded up 1.14% on Friday, hitting $114.20. 283,306 shares of the stock were exchanged. Autoliv has a 52-week low of $93.31 and a 52-week high of $116.99. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 17.49 and a beta of 1.14. The company has a 50 day moving average of $109.06 and a 200 day moving average of $106.75.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be issued a $0.60 dividend. The ex-dividend date is Monday, August 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.10%. Autoliv’s dividend payout ratio (DPR) is 36.75%.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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