Autoliv Inc. Expected to Earn Q3 2018 Earnings of $1.54 Per Share (ALV)

Autoliv Inc. (NYSE:ALV) – Jefferies Financial Group issued their Q3 2018 earnings estimates for Autoliv in a research report issued on Friday, October 5th. Jefferies Financial Group analyst A. Kurian forecasts that the auto parts company will post earnings of $1.54 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $100.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Evercore ISI raised shares of Autoliv from an “underperform” rating to an “in-line” rating in a research note on Monday, July 2nd. Wells Fargo & Co lowered their price target on shares of Autoliv from $115.00 to $113.00 and set a “market perform” rating for the company in a report on Monday, July 30th. Longbow Research reaffirmed a “buy” rating and set a $120.00 price target on shares of Autoliv in a report on Friday, August 24th. Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Tuesday, August 28th. Finally, BNP Paribas raised shares of Autoliv from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 11th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $121.60.

Shares of ALV stock opened at $83.35 on Monday. Autoliv has a 52 week low of $80.85 and a 52 week high of $115.37. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $7.55 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.66 and a beta of 1.22.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 27th. The auto parts company reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.34. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the firm posted $1.50 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year.

A number of hedge funds have recently made changes to their positions in ALV. BlackRock Inc. grew its holdings in Autoliv by 6.7% during the 2nd quarter. BlackRock Inc. now owns 2,958,591 shares of the auto parts company’s stock worth $423,729,000 after acquiring an additional 186,407 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Autoliv by 257.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 86,389 shares of the auto parts company’s stock worth $12,373,000 after acquiring an additional 62,247 shares in the last quarter. Schroder Investment Management Group grew its holdings in Autoliv by 64.3% during the 2nd quarter. Schroder Investment Management Group now owns 157,097 shares of the auto parts company’s stock worth $22,312,000 after acquiring an additional 61,452 shares in the last quarter. Northern Trust Corp grew its holdings in Autoliv by 12.5% during the 2nd quarter. Northern Trust Corp now owns 404,199 shares of the auto parts company’s stock worth $57,889,000 after acquiring an additional 44,969 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Autoliv by 122.6% during the 1st quarter. JPMorgan Chase & Co. now owns 73,452 shares of the auto parts company’s stock worth $10,720,000 after acquiring an additional 40,449 shares in the last quarter. 40.44% of the stock is owned by institutional investors.

In other Autoliv news, Director Jan Carlson sold 42,589 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $89.53, for a total transaction of $3,812,993.17. Following the completion of the transaction, the director now directly owns 53,579 shares of the company’s stock, valued at approximately $4,796,927.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.98%. The ex-dividend date is Tuesday, November 20th. Autoliv’s dividend payout ratio is currently 37.69%.

About Autoliv

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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Earnings History and Estimates for Autoliv (NYSE:ALV)

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