Q3 2017 EPS Estimates for Autoliv, Inc. (NYSE:ALV) Boosted by Analyst
Autoliv, Inc. (NYSE:ALV) – Equities researchers at KeyCorp raised their Q3 2017 earnings per share estimates for shares of Autoliv in a research report issued on Monday. KeyCorp analyst B. Hoselton now forecasts that the auto parts company will post earnings of $1.42 per share for the quarter, up from their prior estimate of $1.33. KeyCorp also issued estimates for Autoliv’s Q4 2017 earnings at $1.78 EPS, FY2017 earnings at $6.28 EPS and FY2018 earnings at $7.10 EPS.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by $0.04. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company earned $1.75 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year.
Several other research analysts have also recently issued reports on ALV. Wells Fargo & Company raised Autoliv from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 5th. Royal Bank Of Canada reissued a “hold” rating and set a $99.00 target price on shares of Autoliv in a research note on Friday, April 28th. Barclays PLC cut their target price on shares of Autoliv from $88.00 to $86.00 and set an “underweight” rating on the stock in a research note on Monday, May 1st. Jefferies Group LLC set a $108.00 target price on shares of Autoliv and gave the company a “hold” rating in a research note on Sunday, April 30th. Finally, Zacks Investment Research downgraded shares of Autoliv from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $105.75.
Autoliv (NYSE ALV) opened at 109.07 on Thursday. The stock has a market capitalization of $9.48 billion, a P/E ratio of 17.23 and a beta of 1.14. Autoliv has a 52 week low of $93.31 and a 52 week high of $117.54. The stock’s 50 day moving average price is $111.93 and its 200-day moving average price is $106.99.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.20%. The ex-dividend date is Monday, August 21st. Autoliv’s dividend payout ratio is presently 37.97%.
In other Autoliv news, VP Svante Mogefors sold 6,738 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $102.46, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Alspaugh sold 1,156 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $109.87, for a total transaction of $127,009.72. Following 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 owned by corporate insiders.
A number of institutional investors have recently modified their holdings of ALV. Toronto Dominion Bank raised its position in Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock worth $100,000 after buying an additional 206 shares during the period. Creative Planning raised its stake in shares of Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock valued at $125,000 after buying an additional 4 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after buying an additional 55 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after buying an additional 500 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in shares of Autoliv by 31.6% in the first quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock valued at $208,000 after buying an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 32.17% of the company’s stock.
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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