Autoliv Inc. (NYSE:ALV) announced a quarterly dividend on Wednesday, February 14th, NASDAQ reports. Shareholders of record on Wednesday, May 23rd will be paid 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 1.69%. The ex-dividend date is Tuesday, May 22nd. This is a boost from Autoliv’s previous quarterly dividend of $0.60.
Autoliv has raised its dividend by an average of 3.9% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Autoliv has a dividend payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. 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%.
Shares of ALV stock opened at $147.12 on Thursday. The stock has a market capitalization of $12.94 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.10 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 has a 52 week low of $104.56 and a 52 week high of $153.84.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, April 27th. The auto parts company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.15). The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. Autoliv had a return on equity of 13.63% and a net margin of 3.87%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS. research analysts predict that Autoliv will post 7.33 earnings per share for the current year.
ALV has been the topic of several research reports. Longbow Research reissued a “buy” rating and issued a $168.00 price target on shares of Autoliv in a research report on Tuesday, March 27th. 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. Robert W. Baird reissued a “buy” rating and issued a $194.00 price target on shares of Autoliv in a research report on Tuesday, April 17th. ValuEngine lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 27th. Finally, Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a research report on Monday, April 30th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $135.48.
Autoliv Company Profile
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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