Zacks: Analysts Expect Autoliv, Inc. (NYSE:ALV) to Post $0.50 EPS

 In Uncategorized

Equities research analysts predict that Autoliv, Inc. (NYSE:ALVGet Rating) will post $0.50 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Autoliv’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.55. Autoliv reported earnings of $1.20 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 58.3%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Autoliv will report full-year earnings of $4.37 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.57. For the next financial year, analysts anticipate that the business will post earnings of $7.82 per share, with EPS estimates ranging from $7.10 to $8.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Autoliv.

Autoliv (NYSE:ALVGet Rating) last posted its quarterly earnings results on Friday, April 22nd. The auto parts company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.00). The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.15 billion. Autoliv had a return on equity of 12.30% and a net margin of 4.46%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 earnings per share.

A number of equities research analysts have commented on the stock. Barclays reduced their price target on shares of Autoliv from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Royal Bank of Canada dropped their price objective on shares of Autoliv from $116.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, April 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Autoliv from $123.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, April 21st. Citigroup dropped their price objective on shares of Autoliv from $84.00 to $75.00 in a research note on Sunday, April 24th. Finally, UBS Group raised shares of Autoliv from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $103.00 to $90.00 in a research note on Monday, May 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $94.41.

In other Autoliv news, insider Mikael Bratt sold 935 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $97.33, for a total value of $91,003.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fredrik Westin sold 1,060 shares of the firm’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $75.38, for a total transaction of $79,902.80. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Silvercrest Asset Management Group LLC boosted its holdings in Autoliv by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 12,080 shares of the auto parts company’s stock valued at $1,249,000 after purchasing an additional 190 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Autoliv by 7.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,092 shares of the auto parts company’s stock valued at $236,000 after purchasing an additional 217 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Autoliv by 13.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,868 shares of the auto parts company’s stock valued at $143,000 after purchasing an additional 227 shares during the period. Kingfisher Capital LLC lifted its holdings in shares of Autoliv by 1.1% during the 1st quarter. Kingfisher Capital LLC now owns 22,703 shares of the auto parts company’s stock worth $1,735,000 after acquiring an additional 237 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Autoliv by 7.7% during the 1st quarter. Yousif Capital Management LLC now owns 3,407 shares of the auto parts company’s stock worth $260,000 after acquiring an additional 245 shares during the last quarter. 62.02% of the stock is owned by hedge funds and other institutional investors.

NYSE:ALV opened at $74.19 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 18.01 and a beta of 1.66. The firm has a fifty day simple moving average of $74.84 and a two-hundred day simple moving average of $90.49. Autoliv has a 12 month low of $69.69 and a 12 month high of $110.59.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 13th. Investors of record on Tuesday, May 24th will be issued a dividend of $0.64 per share. The ex-dividend date is Monday, May 23rd. This represents a $2.56 dividend on an annualized basis and a yield of 3.45%. Autoliv’s dividend payout ratio (DPR) is presently 62.14%.

About Autoliv (Get Rating)

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.

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