Brokerages expect Autoliv Inc. (NYSE:ALV) to report $1.81 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided 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 would suggest a positive year over year growth rate of 9.7%. The firm is scheduled to announce its next earnings report on Friday, April 27th.
According to Zacks, analysts expect that Autoliv will report full year earnings of $7.41 per share for the current year, with EPS estimates ranging from $6.77 to $7.80. For the next year, analysts expect that the firm 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 calculations are a mean average based on a survey of sell-side research analysts that follow Autoliv.
Autoliv (NYSE:ALV) last announced 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. Autoliv had a return on equity of 13.84% and a net margin of 4.11%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the company posted $1.71 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year.
A number of analysts have recently weighed in on ALV shares. Cowen restated a “hold” rating and issued a $139.00 target price on shares of Autoliv in a research note on Friday, January 19th. Barclays raised their target price on Autoliv from $94.00 to $106.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Mizuho restated a “buy” rating and issued a $140.00 target price on shares of Autoliv in a research note on Monday, December 11th. Piper Jaffray Companies restated a “hold” rating and issued a $138.00 target price on shares of Autoliv in a research note on Tuesday, January 30th. Finally, ValuEngine upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Autoliv presently has an average rating of “Hold” and an average price target of $134.86.
In related news, insider Johan Lofvenholm sold 280 shares of Autoliv stock in a transaction dated Tuesday, February 20th. The stock was 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 directly owns 10,954 shares in the company, valued at $1,569,708.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its holdings in Autoliv by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,236 shares of the auto parts company’s stock worth $355,000 after buying an additional 249 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Autoliv by 8.1% during the fourth quarter. CIBC Asset Management Inc now owns 4,728 shares of the auto parts company’s stock worth $601,000 after buying an additional 355 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Autoliv by 25.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,058 shares of the auto parts company’s stock worth $262,000 after buying an additional 412 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in Autoliv by 16.8% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,942 shares of the auto parts company’s stock worth $364,000 after buying an additional 423 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Autoliv by 3.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,800 shares of the auto parts company’s stock worth $2,954,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 35.51% of the company’s stock.
Shares of Autoliv (NYSE ALV) traded up $0.37 during trading hours on Tuesday, hitting $148.53. The stock had a trading volume of 225,268 shares, compared to its average volume of 641,705. Autoliv has a 52 week low of $96.08 and a 52 week high of $152.57. The firm has a market capitalization of $13,053.76, a price-to-earnings ratio of 30.62, a PEG ratio of 2.21 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.26 and a current ratio of 1.58.
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Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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