Zacks: Analysts Anticipate Autoliv Inc. (ALV) Will Post Earnings of $1.81 Per Share

Wall Street analysts predict that Autoliv Inc. (NYSE:ALV) will announce earnings of $1.81 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Autoliv’s earnings, with the lowest EPS estimate coming in at $1.76 and the highest estimate coming in at $1.84. Autoliv reported earnings of $1.65 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The business is expected to issue its next earnings report on Friday, April 27th.

According to Zacks, analysts expect that Autoliv will report full year earnings of $7.37 per share for the current fiscal year, with EPS estimates ranging from $6.77 to $7.80. For the next fiscal year, analysts anticipate that the business will report earnings of $8.79 per share, with EPS estimates ranging from $8.15 to $9.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Autoliv.

Autoliv (NYSE:ALV) last announced its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.29. Autoliv had a return on equity of 13.86% and a net margin of 4.11%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the business earned $1.71 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis.

ALV has been the topic of several research analyst reports. Jefferies Group set a $145.00 target price on Autoliv and gave the stock a “buy” rating in a research note on Thursday, October 26th. Royal Bank of Canada lifted their price target on Autoliv to $142.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised Autoliv from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, November 1st. ValuEngine raised Autoliv from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, KeyCorp reaffirmed a “buy” rating and set a $146.00 price target (up previously from $136.00) on shares of Autoliv in a research report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $125.25.

Shares of Autoliv (ALV) traded up $3.22 during mid-day trading on Wednesday, reaching $145.15. The company had a trading volume of 508,070 shares, compared to its average volume of 668,689. Autoliv has a 1 year low of $96.08 and a 1 year high of $152.57. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. The stock has a market cap of $12,331.38, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 2.10 and a beta of 1.32.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.40 annualized dividend and a dividend yield of 1.65%. Autoliv’s dividend payout ratio (DPR) is presently 49.48%.

In other news, insider Johan Lofvenholm sold 3,965 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $128.00, for a total value of $507,520.00. 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 hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of 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 valued at $1,033,000 after buying an additional 28 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Autoliv by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after buying an additional 114 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Autoliv by 9.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after buying an additional 171 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 valued at $355,000 after buying an additional 249 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Autoliv by 8.1% in the 4th quarter. CIBC Asset Management Inc now owns 4,728 shares of the auto parts company’s stock valued at $601,000 after buying an additional 355 shares during the period. 33.49% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Autoliv (NYSE:ALV)

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