$2.71 Billion in Sales Expected for Autoliv, Inc. (ALV) This Quarter
Analysts expect Autoliv, Inc. (NYSE:ALV) to post $2.71 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Autoliv’s earnings, with the lowest sales estimate coming in at $2.67 billion and the highest estimate coming in at $2.74 billion. Autoliv posted sales of $2.60 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The company is expected to announce its next quarterly earnings results on Thursday, February 1st.
On average, analysts expect that Autoliv will report full year sales of $2.71 billion for the current financial year, with estimates ranging from $10.32 billion to $10.44 billion. For the next year, analysts anticipate that the firm will post sales of $11.15 billion per share, with estimates ranging from $10.93 billion to $11.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Autoliv.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.14. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Wednesday. Pareto Securities upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Piper Jaffray Companies set a $99.00 price objective on shares of Autoliv and gave the company a “hold” rating in a research note on Monday, October 16th. Jefferies Group LLC set a $145.00 price objective on shares of Autoliv and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Cowen and Company assumed coverage on shares of Autoliv in a research note on Monday, September 25th. They issued a “market perform” rating and a $120.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $113.45.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, November 21st. Autoliv’s dividend payout ratio is currently 41.38%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board lifted its holdings in shares of Autoliv by 98.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 112,929 shares of the auto parts company’s stock worth $13,958,000 after acquiring an additional 55,949 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Autoliv during the 3rd quarter worth $1,255,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Autoliv by 8.9% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,582 shares of the auto parts company’s stock worth $1,555,000 after acquiring an additional 1,023 shares during the last quarter. Andra AP fonden lifted its holdings in shares of Autoliv by 16.9% during the 3rd quarter. Andra AP fonden now owns 16,600 shares of the auto parts company’s stock worth $2,052,000 after acquiring an additional 2,400 shares during the last quarter. Finally, ARP Americas LLC bought a new stake in shares of Autoliv during the 3rd quarter worth $235,000. 32.59% of the stock is owned by institutional investors.
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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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