Wall Street analysts forecast that Autoliv (NYSE:ALV) will announce $1.81 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Autoliv’s earnings, with estimates ranging from $1.76 to $1.84. Autoliv reported earnings per share of $1.65 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The business is scheduled to issue its next earnings report before the market opens on Friday, April 27th.
According to Zacks, analysts expect that Autoliv will report full year earnings of $7.41 per share for the current financial year, with EPS estimates ranging from $6.77 to $7.80. For the next fiscal year, analysts anticipate that the business will post earnings of $8.77 per share, with EPS estimates ranging from $8.15 to $9.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Autoliv.
Autoliv (NYSE:ALV) last posted its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.29. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Autoliv had a net margin of 4.11% and a return on equity of 13.84%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 earnings per share.
A number of research firms recently weighed in on ALV. Robert W. Baird raised shares of Autoliv from a “neutral” rating to an “outperform” rating and upped their target price for the company from $137.00 to $192.00 in a research note on Wednesday, January 31st. Longbow Research reissued a “buy” rating and issued a $168.00 target price on shares of Autoliv in a research note on Tuesday, March 27th. Barclays upped their target price on shares of Autoliv from $94.00 to $106.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Guggenheim reissued a “hold” rating and issued a $150.00 target price on shares of Autoliv in a research note on Wednesday, January 31st. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $138.00 price objective on shares of Autoliv in a research note on Tuesday, January 30th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $135.48.
In other news, insider Johan Lofvenholm sold 280 shares of the company’s 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 transaction, the insider now directly owns 10,954 shares in the company, valued at $1,569,708.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Autoliv by 2.0% in the fourth quarter. BlackRock Inc. now owns 2,672,695 shares of the auto parts company’s stock valued at $339,646,000 after buying an additional 52,160 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Autoliv by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 865,594 shares of the auto parts company’s stock valued at $106,986,000 after buying an additional 52,231 shares during the period. Renaissance Technologies LLC lifted its holdings in Autoliv by 119.2% in the fourth quarter. Renaissance Technologies LLC now owns 237,459 shares of the auto parts company’s stock valued at $30,199,000 after buying an additional 129,119 shares during the period. California Public Employees Retirement System lifted its holdings in Autoliv by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 226,849 shares of the auto parts company’s stock valued at $28,828,000 after buying an additional 4,741 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in 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 valued at $23,451,000 after buying an additional 8,561 shares during the period. Institutional investors own 35.51% of the company’s stock.
NYSE ALV traded down $0.69 on Friday, reaching $149.02. The company’s stock had a trading volume of 401,736 shares, compared to its average volume of 635,324. The stock has a market cap of $13,006.79, a P/E ratio of 22.75, a PEG ratio of 2.09 and a beta of 1.28. Autoliv has a 52 week low of $96.11 and a 52 week high of $152.57. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.32.
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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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