Equities analysts forecast that Autoliv Inc. (NYSE:ALV) will announce earnings per share of $1.62 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Autoliv’s earnings. The highest EPS estimate is $1.77 and the lowest is $1.53. Autoliv posted earnings per share of $1.47 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.2%. The company is expected to announce its next earnings results before the market opens on Friday, October 26th.
On average, analysts expect that Autoliv will report full-year earnings of $7.83 per share for the current financial year, with EPS estimates ranging from $7.31 to $8.08. For the next year, analysts expect that the business will report earnings of $8.71 per share, with EPS estimates ranging from $8.24 to $9.15. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Autoliv.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 27th. The auto parts company reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.34. Autoliv had a return on equity of 17.38% and a net margin of 3.09%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year.
Several research analysts have recently issued reports on ALV shares. Morgan Stanley started coverage on Autoliv in a research note on Tuesday, June 19th. They issued an “overweight” rating and a $180.00 price objective for the company. Wells Fargo & Co reaffirmed a “buy” rating and issued a $176.00 price objective on shares of Autoliv in a research note on Sunday, June 24th. Mizuho reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Autoliv in a research note on Tuesday, June 26th. Royal Bank of Canada lowered their price objective on Autoliv to $110.00 and set a “sector perform” rating for the company in a research note on Monday, July 2nd. They noted that the move was a valuation call. Finally, Evercore ISI raised shares of Autoliv from an “underperform” rating to an “in-line” rating in a research report on Monday, July 2nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $120.10.
Autoliv stock opened at $80.10 on Friday. Autoliv has a 1 year low of $78.11 and a 1 year high of $115.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 0.97. The company has a market capitalization of $7.55 billion, a PE ratio of 12.17, a PEG ratio of 0.66 and a beta of 1.22.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Tuesday, November 20th. Autoliv’s dividend payout ratio is presently 37.69%.
In other Autoliv news, Director Jan Carlson sold 42,589 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $89.53, for a total transaction of $3,812,993.17. Following the completion of the sale, the director now owns 53,579 shares of the company’s stock, valued at approximately $4,796,927.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Autoliv by 6.7% during the 2nd quarter. BlackRock Inc. now owns 2,958,591 shares of the auto parts company’s stock worth $423,729,000 after buying an additional 186,407 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Autoliv by 10.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 56,887 shares of the auto parts company’s stock worth $8,150,000 after buying an additional 5,370 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Autoliv by 3.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 195,625 shares of the auto parts company’s stock worth $28,018,000 after buying an additional 5,957 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Autoliv by 7.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 14,837 shares of the auto parts company’s stock worth $2,125,000 after buying an additional 981 shares in the last quarter. Finally, Colony Group LLC boosted its holdings in shares of Autoliv by 67.7% during the 2nd quarter. Colony Group LLC now owns 3,301 shares of the auto parts company’s stock worth $473,000 after buying an additional 1,333 shares in the last quarter. Hedge funds and other institutional investors own 40.44% of the company’s stock.
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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