Zacks: Analysts Expect Autoliv (ALV) Will Post Earnings of $1.84 Per Share

Brokerages forecast that Autoliv (NYSE:ALV) will report earnings per share of $1.84 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Autoliv’s earnings. The highest EPS estimate is $1.98 and the lowest is $1.76. Autoliv posted earnings per share of $1.44 during the same quarter last year, which suggests a positive year over year growth rate of 27.8%. The business is scheduled to issue its next quarterly earnings results on Friday, July 20th.

According to Zacks, analysts expect that Autoliv will report full year earnings of $7.33 per share for the current year, with EPS estimates ranging from $6.90 to $7.65. For the next fiscal year, analysts forecast that the company will report earnings of $8.78 per share, with EPS estimates ranging from $8.25 to $9.40. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Autoliv.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, April 27th. The auto parts company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.15). The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. Autoliv had a return on equity of 13.63% and a net margin of 3.87%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.65 EPS.

A number of research analysts have recently commented on the stock. Citigroup dropped their target price on shares of Autoliv to $154.00 and set a “neutral” rating for the company in a report on Tuesday, May 8th. Zacks Investment Research cut shares of Autoliv from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Longbow Research set a $168.00 target price on shares of Autoliv and gave the stock a “buy” rating in a report on Monday, April 30th. Royal Bank of Canada dropped their target price on shares of Autoliv to $127.00 and set a “sector perform” rating for the company in a report on Monday, April 30th. Finally, ValuEngine cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Friday, April 27th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. Autoliv has a consensus rating of “Hold” and a consensus target price of $135.48.

Shares of Autoliv traded up $1.22, reaching $146.52, on Thursday, Marketbeat reports. The company had a trading volume of 206,700 shares, compared to its average volume of 605,519. The stock has a market capitalization of $12.68 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The company has a current ratio of 1.55, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Autoliv has a one year low of $144.70 and a one year high of $145.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, August 21st. This represents a $2.48 dividend on an annualized basis and a yield of 1.69%. Autoliv’s dividend payout ratio (DPR) is presently 36.47%.

In other Autoliv news, insider Johan Lofvenholm sold 280 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $143.30, for a total transaction of $40,124.00. Following the completion of the sale, the insider now owns 10,954 shares of the company’s stock, valued at approximately $1,569,708.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Autoliv during the 4th quarter valued at approximately $152,000. Hunter Associates Investment Management LLC acquired a new stake in Autoliv during the 4th quarter valued at approximately $204,000. Parametrica Management Ltd acquired a new stake in Autoliv during the 1st quarter valued at approximately $223,000. Wsfs Capital Management LLC acquired a new stake in Autoliv during the 1st quarter valued at approximately $229,000. Finally, Victory Capital Management Inc. increased its position in Autoliv by 25.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,058 shares of the auto parts company’s stock valued at $262,000 after purchasing an additional 412 shares during the period. 35.15% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile

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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Earnings History and Estimates for Autoliv (NYSE:ALV)

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