Zacks: Analysts Expect Autoliv, Inc. (NYSE:ALV) Will Announce Earnings of $0.50 Per Share

 In Uncategorized

Brokerages forecast that Autoliv, Inc. (NYSE:ALVGet Rating) will report $0.50 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made 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 posted earnings per share of $1.20 during the same quarter last year, which would suggest a negative year-over-year growth rate of 58.3%. The company is scheduled to report 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 year, analysts expect that the business will report earnings of $7.82 per share, with EPS estimates ranging from $7.10 to $8.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Autoliv.

Autoliv (NYSE:ALVGet Rating) last released its quarterly earnings data 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 firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Autoliv had a return on equity of 12.30% and a net margin of 4.46%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 earnings per share.

Several equities research analysts recently commented on ALV shares. Credit Suisse Group started coverage on Autoliv in a report on Thursday, February 17th. They set a “neutral” rating and a $105.00 target price on the stock. Jefferies Financial Group dropped their target price on Autoliv from $121.00 to $108.00 and set a “buy” rating on the stock in a report on Tuesday, March 15th. Citigroup dropped their target price on Autoliv from $84.00 to $75.00 in a report on Sunday, April 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Autoliv from $123.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, April 21st. Finally, Mizuho dropped their target price on Autoliv from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, April 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.41.

Autoliv stock opened at $74.19 on Thursday. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 18.01 and a beta of 1.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.28 and a quick ratio of 0.98. Autoliv has a 12 month low of $69.69 and a 12 month high of $110.59. The stock’s 50-day moving average is $74.84 and its 200-day moving average is $90.49.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 13th. Stockholders of record on Tuesday, May 24th will be given a $0.64 dividend. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.56 annualized dividend and a dividend yield of 3.45%. Autoliv’s payout ratio is 62.14%.

In related news, insider Fredrik Westin sold 1,060 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $75.38, for a total transaction of $79,902.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mikael Bratt sold 935 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $97.33, for a total value of $91,003.55. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in Autoliv during the 4th quarter valued at approximately $26,000. IndexIQ Advisors LLC bought a new stake in Autoliv during the 4th quarter valued at $28,000. Cyrus J. Lawrence LLC bought a new stake in Autoliv during the 1st quarter valued at $26,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Autoliv during the 1st quarter valued at $31,000. Finally, Quadrant Capital Group LLC raised its stake in Autoliv by 161.6% during the 4th quarter. Quadrant Capital Group LLC now owns 518 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 62.02% of the company’s stock.

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.

See Also

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Earnings History and Estimates for Autoliv (NYSE:ALV)

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