FY2018 EPS Estimates for Autoliv, Inc. (ALV) Lowered by Jefferies Group
Autoliv, Inc. (NYSE:ALV) – Stock analysts at Jefferies Group reduced their FY2018 EPS estimates for Autoliv in a research note issued on Tuesday. Jefferies Group analyst A. Kurian now anticipates that the auto parts company will post earnings per share of $6.93 for the year, down from their previous forecast of $7.05. Jefferies Group currently has a “Buy” rating and a $119.00 target price on the stock. Jefferies Group also issued estimates for Autoliv’s FY2019 earnings at $7.97 EPS and FY2020 earnings at $9.33 EPS.
Several other analysts have also commented on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $100.00 price target on shares of Autoliv in a research report on Tuesday, August 29th. BMO Capital Markets reissued an “outperform” rating and set a $121.00 price target on shares of Autoliv in a research report on Wednesday, July 26th. Piper Jaffray Companies reissued a “hold” rating and set a $99.00 price target on shares of Autoliv in a research report on Wednesday, July 26th. Bank of America Corporation decreased their price target on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Finally, BidaskClub lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Autoliv has a consensus rating of “Hold” and a consensus price target of $105.44.
Shares of Autoliv (NYSE ALV) traded up 12.110% during mid-day trading on Thursday, hitting $126.965. 3,143,599 shares of the stock were exchanged. Autoliv has a 12 month low of $93.31 and a 12 month high of $127.62. The stock has a market cap of $11.03 billion, a PE ratio of 20.058 and a beta of 1.12. The stock’s 50 day moving average is $108.13 and its 200-day moving average is $106.52.
Autoliv (NYSE:ALV) last announced its quarterly 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). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS.
A number of large investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in Autoliv by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after buying an additional 114 shares during the period. Colony Group LLC purchased a new stake in Autoliv in the 2nd quarter worth approximately $247,000. California State Teachers Retirement System purchased a new stake in Autoliv in the 2nd quarter worth approximately $733,000. Raymond James Financial Services Advisors Inc. boosted its position in Autoliv by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,404 shares of the auto parts company’s stock worth $1,033,000 after purchasing an additional 28 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Autoliv by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,236 shares of the auto parts company’s stock worth $355,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 34.76% of the company’s stock.
In related news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the transaction, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a filing with the SEC, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 annualized dividend and a yield of 2.12%. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.
Autoliv Company Profile
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.
Receive News & Ratings for Autoliv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.