Autoliv, Inc. (ALV) Expected to Post Earnings of $1.33 Per Share
Analysts forecast that Autoliv, Inc. (NYSE:ALV) will post $1.33 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Autoliv’s earnings, with estimates ranging from $1.28 to $1.42. Autoliv posted earnings per share of $1.63 during the same quarter last year, which suggests a negative year-over-year growth rate of 18.4%. The business is expected to report its next earnings results before the market opens on Thursday, October 26th.
On average, analysts expect that Autoliv will report full year earnings of $6.18 per share for the current financial year, with EPS estimates ranging from $5.89 to $6.32. For the next year, analysts anticipate that the business will post earnings of $6.95 per share, with EPS estimates ranging from $6.30 to $7.44. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Autoliv.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.04). Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year.
A number of analysts have weighed in on the company. ValuEngine cut Autoliv from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Cowen and Company started coverage on Autoliv in a report on Monday, September 25th. They set a “market perform” rating and a $120.00 price objective on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $121.00 price objective on shares of Autoliv in a report on Wednesday, July 26th. Guggenheim started coverage on Autoliv in a report on Wednesday, June 21st. They set a “neutral” rating and a $102.00 price objective on the stock. Finally, Royal Bank Of Canada dropped their price objective on Autoliv from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. Autoliv presently has a consensus rating of “Hold” and a consensus target price of $111.65.
In related news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the transaction, the vice president now directly owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank raised its position in shares of Autoliv by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after purchasing an additional 114 shares during the last quarter. Colony Group LLC acquired a new position in shares of Autoliv during the 2nd quarter worth approximately $247,000. California State Teachers Retirement System acquired a new position in shares of Autoliv during the 2nd quarter worth approximately $733,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Autoliv by 0.3% during 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 during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Autoliv by 8.3% during 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 during the last quarter. Hedge funds and other institutional investors own 32.76% of the company’s stock.
Autoliv (NYSE ALV) opened at 127.03 on Thursday. Autoliv has a 52 week low of $93.31 and a 52 week high of $127.75. The stock has a market capitalization of $11.04 billion, a P/E ratio of 20.07 and a beta of 1.14. The company’s 50-day moving average price is $117.89 and its 200 day moving average price is $109.65.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 1.89%. Autoliv’s dividend payout ratio is currently 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.
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