Brokerages Expect Autoliv Inc. (ALV) Will Post Quarterly Sales of $2.70 Billion

Equities analysts forecast that Autoliv Inc. (NYSE:ALV) will report $2.70 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Autoliv’s earnings, with estimates ranging from $2.67 billion to $2.72 billion. Autoliv posted sales of $2.60 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The firm is expected to announce its next quarterly earnings results on Thursday, February 1st.

On average, analysts expect that Autoliv will report full year sales of $2.70 billion for the current year, with estimates ranging from $10.32 billion to $10.40 billion. For the next financial year, analysts forecast that the firm will post sales of $11.12 billion per share, with estimates ranging from $11.03 billion to $11.26 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Autoliv.

Autoliv (NYSE:ALV) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. Autoliv’s quarterly revenue was up 1.6% compared to the same quarter last year.

A number of equities analysts have commented on the company. Piper Jaffray Companies set a $124.00 target price on Autoliv and gave the company a “hold” rating in a research note on Friday, December 8th. Mizuho reiterated a “buy” rating and set a $140.00 price objective on shares of Autoliv in a research report on Monday, December 11th. KeyCorp boosted their price objective on Autoliv from $124.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Pareto Securities upgraded Autoliv from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Buckingham Research upgraded Autoliv from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $87.00 to $114.00 in a research report on Friday, September 15th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Autoliv has an average rating of “Hold” and a consensus price target of $110.48.

In related news, insider Johan Lofvenholm sold 3,965 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $128.00, for a total transaction of $507,520.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank increased its holdings in shares of Autoliv by 11.7% in the second 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 in the last quarter. Victory Capital Management Inc. grew its position in Autoliv by 43.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after purchasing an additional 414 shares in the last quarter. Teachers Advisors LLC grew its position in Autoliv by 288.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares in the last quarter. ARP Americas LLC purchased a new position in Autoliv during the 3rd quarter worth approximately $235,000. Finally, JPMorgan Chase & Co. grew its position in Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 171 shares in the last quarter. 33.51% of the stock is currently owned by institutional investors.

Shares of Autoliv (NYSE ALV) traded up $1.09 during mid-day trading on Thursday, reaching $128.54. The company’s stock had a trading volume of 229,900 shares, compared to its average volume of 533,380. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. Autoliv has a 12 month low of $96.08 and a 12 month high of $129.84. The firm has a market capitalization of $11,080.00, a P/E ratio of 22.16, a P/E/G ratio of 2.48 and a beta of 1.10.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.40 annualized dividend and a yield of 1.87%. Autoliv’s payout ratio is 41.38%.

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About Autoliv

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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