Autoliv Inc. (NYSE:ALV) announced a quarterly dividend on Tuesday, December 12th, Zacks reports. Stockholders of record on Thursday, February 22nd will be paid a dividend of 0.60 per share by the auto parts company on Thursday, March 8th. This represents a $2.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, February 21st.
Autoliv has raised its dividend by an average of 3.9% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Autoliv has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Autoliv to earn $8.81 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 27.2%.
Shares of Autoliv (NYSE ALV) traded up $0.12 during trading hours on Wednesday, hitting $150.40. 503,957 shares of the stock traded hands, compared to its average volume of 663,413. Autoliv has a 52 week low of $96.08 and a 52 week high of $152.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.58 and a quick ratio of 1.26. The firm has a market cap of $13,080.00, a P/E ratio of 30.95, a PEG ratio of 2.22 and a beta of 1.32.
Autoliv (NYSE:ALV) last issued its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.29. Autoliv had a net margin of 4.11% and a return on equity of 13.84%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the company earned $1.71 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities research analysts predict that Autoliv will post 7.36 earnings per share for the current fiscal year.
In other Autoliv news, insider Johan Lofvenholm sold 280 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was 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 directly owns 10,954 shares of the company’s stock, valued at approximately $1,569,708.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.
A number of research analysts recently issued reports on the company. ValuEngine cut Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Citigroup lifted their price target on Autoliv from $129.00 to $154.00 and gave the company a “neutral” rating in a report on Monday, March 5th. They noted that the move was a valuation call. Societe Generale cut Autoliv from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. BMO Capital Markets lifted their price target on Autoliv from $152.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Finally, Guggenheim reaffirmed a “hold” rating and issued a $150.00 price target on shares of Autoliv in a report on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Autoliv presently has an average rating of “Hold” and a consensus target price of $134.75.
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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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