Autoliv (NYSE:ALV) Announces Quarterly Earnings Results

Autoliv (NYSE:ALV – Get Rating) issued its quarterly earnings data on Friday. The auto parts company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.54, Briefing.com reports. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Autoliv had a return on equity of 11.27% and a net margin of 4.12%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS.

Autoliv Trading Up 0.8 %

NYSE:ALV opened at $82.05 on Monday. Autoliv has a fifty-two week low of $66.25 and a fifty-two week high of $110.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.28 and a quick ratio of 0.98. The stock has a market capitalization of $7.17 billion, a PE ratio of 21.37 and a beta of 1.63. The business’s 50-day simple moving average is $75.64 and its 200-day simple moving average is $81.93.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 13th. Stockholders of record on Tuesday, May 24th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Monday, May 23rd. Autoliv’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Exane BNP Paribas raised Autoliv from an “underperform” rating to a “neutral” rating and set a $86.00 target price on the stock in a report on Wednesday, June 29th. Barclays lowered their target price on Autoliv from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. BNP Paribas raised Autoliv from an “underperform” rating to a “neutral” rating and set a $86.00 target price on the stock in a report on Tuesday, June 28th. Royal Bank of Canada lowered their target price on Autoliv from $116.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, April 25th. Finally, Citigroup lowered their target price on Autoliv from $84.00 to $75.00 in a report on Sunday, April 24th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Autoliv currently has an average rating of “Moderate Buy” and an average price target of $95.87.

Hedge Funds Weigh In On Autoliv

Several institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its position in shares of Autoliv by 249.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 29,370 shares of the auto parts company’s stock worth $2,245,000 after purchasing an additional 20,960 shares during the last quarter. Golden State Equity Partners acquired a new position in shares of Autoliv during the 1st quarter worth approximately $389,000. Virtu Financial LLC acquired a new position in shares of Autoliv during the 1st quarter worth approximately $510,000. Quantbot Technologies LP acquired a new position in shares of Autoliv during the 1st quarter worth approximately $1,411,000. Finally, Eaton Vance Management increased its holdings in shares of Autoliv by 67.8% during the 1st quarter. Eaton Vance Management now owns 90,731 shares of the auto parts company’s stock worth $6,937,000 after acquiring an additional 36,666 shares during the last quarter. Institutional investors own 62.02% of the company’s stock.

Autoliv Company Profile

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Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.