Analysts expect that Autoliv Inc. (NYSE:ALV) will report sales of $2.92 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Autoliv’s earnings. The lowest sales estimate is $2.85 billion and the highest is $3.01 billion. Autoliv posted sales of $2.54 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The company is expected to announce its next quarterly earnings report before the market opens on Friday, July 27th.
According to Zacks, analysts expect that Autoliv will report full-year sales of $11.57 billion for the current fiscal year, with estimates ranging from $11.52 billion to $11.70 billion. For the next year, analysts forecast that the company will report sales of $12.43 billion per share, with estimates ranging from $12.19 billion to $12.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Autoliv.
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Autoliv (NYSE:ALV) last posted its earnings results on Friday, April 27th. The auto parts company reported $1.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.15). Autoliv had a return on equity of 13.63% and a net margin of 3.87%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.
Several brokerages have issued reports on ALV. BMO Capital Markets lifted their price target on shares of Autoliv from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, June 11th. Morgan Stanley assumed coverage on shares of Autoliv in a research report on Tuesday. They issued an “overweight” rating and a $180.00 price objective for the company. Mizuho reaffirmed a “buy” rating and set a $160.00 target price on shares of Autoliv in a report on Wednesday, June 6th. Robert W. Baird reaffirmed a “buy” rating and set a $194.00 target price on shares of Autoliv in a report on Tuesday, April 17th. Finally, ValuEngine downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Four equities research 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 presently has an average rating of “Hold” and a consensus target price of $138.57.
Shares of NYSE:ALV traded down $2.63 during midday trading on Friday, reaching $155.87. 26,044 shares of the company were exchanged, compared to its average volume of 401,997. The company has a quick ratio of 1.24, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. Autoliv has a fifty-two week low of $104.56 and a fifty-two week high of $160.23. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.88 and a beta of 1.30.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Wednesday, August 22nd will be given 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 dividend yield of 1.59%. Autoliv’s dividend payout ratio (DPR) is currently 37.69%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased 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 buying an additional 8,561 shares during the period. SG Americas Securities LLC bought a new stake in shares of Autoliv during the 4th quarter valued at $152,000. Victory Capital Management Inc. boosted its holdings in shares of 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 buying an additional 412 shares in the last quarter. Aperio Group LLC raised its position in shares of Autoliv by 8.3% in the 4th quarter. Aperio Group LLC now owns 14,793 shares of the auto parts company’s stock worth $1,880,000 after purchasing an additional 1,131 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Autoliv in the 4th quarter worth about $3,021,000. 39.64% of the stock is currently owned by institutional investors and hedge funds.
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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