Analysts expect Autoliv Inc. (NYSE:ALV) to post $2.19 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Autoliv’s earnings. The highest sales estimate is $2.20 billion and the lowest is $2.17 billion. Autoliv posted sales of $2.21 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The business is scheduled to report its next quarterly earnings report before the market opens on Friday, July 19th.
According to Zacks, analysts expect that Autoliv will report full-year sales of $8.90 billion for the current financial year, with estimates ranging from $8.80 billion to $8.97 billion. For the next fiscal year, analysts anticipate that the business will report sales of $9.38 billion, with estimates ranging from $9.28 billion to $9.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Autoliv.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.37). Autoliv had a net margin of 2.03% and a return on equity of 27.29%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the firm earned $1.66 EPS. Autoliv’s revenue for the quarter was down 3.0% compared to the same quarter last year.
Several equities analysts have recently commented on the stock. Citigroup lowered their target price on shares of Autoliv from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Nordea Equity Research downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Zacks Investment Research raised shares of Autoliv from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Royal Bank of Canada downgraded shares of Autoliv from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $74.00 to $70.00 in a report on Friday, April 5th. Finally, Barclays reissued a “sell” rating and issued a $57.00 target price on shares of Autoliv in a report on Sunday, March 31st. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $89.96.
A number of institutional investors have recently added to or reduced their stakes in the stock. FIL Ltd increased its position in Autoliv by 495.5% during the first quarter. FIL Ltd now owns 1,070,843 shares of the auto parts company’s stock valued at $78,738,000 after acquiring an additional 891,035 shares during the last quarter. Norges Bank bought a new position in Autoliv during the fourth quarter valued at $47,801,000. Lancaster Investment Management LLP bought a new position in Autoliv during the fourth quarter valued at $42,640,000. Nordea Investment Management AB increased its position in Autoliv by 166.7% during the first quarter. Nordea Investment Management AB now owns 663,371 shares of the auto parts company’s stock valued at $48,779,000 after acquiring an additional 414,664 shares during the last quarter. Finally, FMR LLC increased its position in Autoliv by 13.5% during the first quarter. FMR LLC now owns 2,237,425 shares of the auto parts company’s stock valued at $164,518,000 after acquiring an additional 266,418 shares during the last quarter. 35.97% of the stock is currently owned by institutional investors.
Shares of ALV stock traded up $0.01 during mid-day trading on Wednesday, hitting $70.51. The company had a trading volume of 407,781 shares, compared to its average volume of 702,985. Autoliv has a 52-week low of $61.07 and a 52-week high of $107.36. The company has a 50 day simple moving average of $67.29. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.14 and a quick ratio of 0.87. The stock has a market capitalization of $6.15 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.35 and a beta of 1.47.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Tuesday, August 20th. Autoliv’s payout ratio is 36.31%.
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including 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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