Wall Street brokerages expect that Autoliv Inc. (NYSE:ALV) will post sales of $2.79 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Autoliv’s earnings, with estimates ranging from $2.77 billion to $2.80 billion. Autoliv posted sales of $2.61 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The company is expected to announce its next earnings results on Friday, April 27th.
On average, analysts expect that Autoliv will report full-year sales of $2.79 billion for the current financial year, with estimates ranging from $11.52 billion to $11.61 billion. For the next year, analysts anticipate that the company will report sales of $12.39 billion per share, with estimates ranging from $12.20 billion to $12.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Autoliv.
Autoliv (NYSE:ALV) last released its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.69 billion. Autoliv had a return on equity of 13.84% and a net margin of 4.11%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 earnings per share.
A number of equities research analysts have weighed in on the company. Guggenheim restated a “hold” rating and issued a $150.00 target price on shares of Autoliv in a research report on Wednesday, January 31st. Barclays upped their target price on Autoliv from $94.00 to $106.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. ValuEngine downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Susquehanna Bancshares set a $137.00 price objective on Autoliv and gave the company a “hold” rating in a research report on Wednesday, March 14th. Finally, Royal Bank of Canada increased their price objective on Autoliv to $142.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Autoliv currently has a consensus rating of “Hold” and an average price target of $134.86.
Shares of Autoliv stock opened at $150.12 on Thursday. The firm has a market capitalization of $12,885.90, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 2.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.58 and a quick ratio of 1.26. Autoliv has a 52-week low of $96.08 and a 52-week high of $152.57.
In other news, insider Johan Lofvenholm sold 280 shares of the stock in a transaction on 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 owns 10,954 shares in the company, valued at $1,569,708.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Autoliv in the fourth quarter valued at about $152,000. Teachers Advisors LLC boosted its position in shares of Autoliv by 288.3% during the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares in the last quarter. Hunter Associates Investment Management LLC bought a new position in shares of Autoliv during the fourth quarter worth $204,000. Victory Capital Management Inc. boosted its position in shares of 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 purchasing an additional 412 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of Autoliv during the third quarter worth $294,000. Institutional investors own 35.51% of the company’s stock.
Autoliv Company Profile
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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