Autoliv Inc. (ALV) Expected to Announce Earnings of $1.85 Per Share

Wall Street analysts expect Autoliv Inc. (NYSE:ALV) to announce earnings per share (EPS) of $1.85 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Autoliv’s earnings. The lowest EPS estimate is $1.76 and the highest is $1.98. Autoliv posted earnings of $1.44 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 28.5%. The firm is expected 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 financial year, with EPS estimates ranging from $6.90 to $7.65. For the next financial year, analysts anticipate that the firm will report earnings of $8.76 per share, with EPS estimates ranging from $8.25 to $9.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Autoliv.

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

Several equities analysts recently issued reports on ALV shares. Societe Generale cut shares of Autoliv from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Citigroup boosted their price target on shares of Autoliv from $129.00 to $154.00 and gave the company a “neutral” rating in a research report on Monday, March 5th. They noted that the move was a valuation call. ValuEngine cut shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Susquehanna Bancshares set a $137.00 price target on shares of Autoliv and gave the company a “hold” rating in a research report on Wednesday, March 14th. Finally, Longbow Research reiterated a “buy” rating and set a $168.00 price target on shares of Autoliv in a research report on Tuesday, March 27th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. Autoliv has an average rating of “Hold” and a consensus target price of $136.50.

Several large investors have recently bought and sold shares of ALV. Schwab Charles Investment Management Inc. grew its stake in shares of Autoliv by 4.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 184,535 shares of the auto parts company’s stock worth $23,451,000 after purchasing an additional 8,561 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Autoliv by 34.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,700 shares of the auto parts company’s stock valued at $851,000 after purchasing an additional 1,700 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Autoliv by 8.1% in the fourth quarter. CIBC Asset Management Inc now owns 4,728 shares of the auto parts company’s stock valued at $601,000 after purchasing an additional 355 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Autoliv by 37.3% in the fourth quarter. Toronto Dominion Bank now owns 5,123 shares of the auto parts company’s stock valued at $651,000 after purchasing an additional 1,393 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Autoliv in the fourth quarter valued at approximately $4,182,000. Hedge funds and other institutional investors own 39.72% of the company’s stock.

Shares of NYSE ALV traded up $0.97 during midday trading on Thursday, hitting $159.00. 6,657 shares of the company traded hands, compared to its average volume of 575,397. Autoliv has a 12-month low of $104.56 and a 12-month high of $160.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.24. The stock has a market capitalization of $13.91 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.26 and a beta of 1.30.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Wednesday, August 22nd will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, August 21st. Autoliv’s payout ratio is 37.69%.

About Autoliv

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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