Brokerages predict that Autoliv Inc. (NYSE:ALV) will announce earnings per share of $1.45 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Autoliv’s earnings, with the lowest EPS estimate coming in at $1.44 and the highest estimate coming in at $1.46. Autoliv posted earnings of $1.35 per share in the same quarter last year, which indicates a positive year over year growth rate of 7.4%. The firm is expected to issue its next earnings report on Friday, October 25th.
On average, analysts expect that Autoliv will report full-year earnings of $5.94 per share for the current year, with EPS estimates ranging from $5.89 to $6.02. For the next year, analysts forecast that the company will post earnings of $6.88 per share, with EPS estimates ranging from $6.40 to $7.15. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Autoliv.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 19th. The auto parts company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.01. Autoliv had a return on equity of 23.49% and a net margin of 2.89%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the firm earned $2.22 EPS. Autoliv’s revenue for the quarter was down 2.6% compared to the same quarter last year.
ALV has been the topic of a number of recent analyst reports. Buckingham Research decreased their price target on Autoliv from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Royal Bank of Canada decreased their price target on Autoliv from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Monday, July 22nd. Zacks Investment Research cut Autoliv from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Barclays set a $50.00 price target on Autoliv and gave the company a “sell” rating in a report on Friday, July 19th. Finally, Nordea Equity Research raised Autoliv from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $83.49.
Autoliv stock traded down $1.72 during trading on Thursday, reaching $63.30. The company had a trading volume of 519,859 shares, compared to its average volume of 633,819. Autoliv has a 52 week low of $61.07 and a 52 week high of $95.82. The business’s 50-day moving average is $69.78. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.26 and a quick ratio of 0.96.
Several large investors have recently made changes to their positions in ALV. Dimensional Fund Advisors LP boosted its holdings in shares of Autoliv by 13.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,802 shares of the auto parts company’s stock valued at $79,351,000 after purchasing an additional 138,176 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Autoliv by 34.2% in the fourth quarter. Macquarie Group Ltd. now owns 5,000 shares of the auto parts company’s stock valued at $351,000 after purchasing an additional 1,274 shares during the period. Millennium Management LLC purchased a new stake in shares of Autoliv in the fourth quarter valued at approximately $603,000. FMR LLC boosted its holdings in shares of Autoliv by 9.8% in the fourth quarter. FMR LLC now owns 1,971,007 shares of the auto parts company’s stock valued at $138,423,000 after purchasing an additional 176,137 shares during the period. Finally, Norges Bank purchased a new stake in shares of Autoliv in the fourth quarter valued at approximately $47,801,000. Institutional investors and hedge funds own 35.98% of the company’s stock.
Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including 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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