Autoliv (NYSE:ALV) declared a quarterly dividend on Wednesday, February 14th, NASDAQ reports. Investors of record on Wednesday, May 23rd will be given a dividend of 0.62 per share by the auto parts company on Thursday, June 7th. This represents a $2.48 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, May 22nd. This is a boost from Autoliv’s previous quarterly dividend of $0.60.
Autoliv has increased its dividend by an average of 3.9% annually over the last three years and has increased its dividend every year for the last 8 years. Autoliv has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Autoliv to earn $8.78 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 27.3%.
Autoliv stock opened at $145.30 on Thursday. Autoliv has a fifty-two week low of $144.70 and a fifty-two week high of $145.26. The stock has a market cap of $12.68 billion, a P/E ratio of 22.08, a PEG ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.55.
Autoliv (NYSE:ALV) last released its earnings results on Friday, April 27th. The auto parts company reported $1.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.15). The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Autoliv had a net margin of 3.87% and a return on equity of 13.63%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 earnings per share. research analysts anticipate that Autoliv will post 7.33 earnings per share for the current year.
In other news, insider Johan Lofvenholm sold 280 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $143.30, for a total value of $40,124.00. Following the completion of the sale, the insider now owns 10,954 shares of the company’s stock, valued at approximately $1,569,708.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.
A number of research analysts have weighed in on ALV shares. Cowen reiterated a “hold” rating and issued a $139.00 target price on shares of Autoliv in a research note on Friday, January 19th. Mizuho boosted their price target on shares of Autoliv from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Piper Jaffray reissued a “hold” rating and issued a $138.00 price target on shares of Autoliv in a research report on Tuesday, January 30th. Robert W. Baird raised shares of Autoliv from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $137.00 to $192.00 in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada boosted their price target on shares of Autoliv to $142.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $135.48.
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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