Autoliv, Inc. (ALV) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Autoliv, Inc. (NYSE:ALV) issued its quarterly earnings results on Friday. The auto parts company reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.04, MarketWatch Earnings reports. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.60% and a return on equity of 14.78%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS.
Autoliv (ALV) traded down 7.86% during mid-day trading on Friday, reaching $106.78. 2,393,346 shares of the company’s stock traded hands. The firm has a 50 day moving average of $112.68 and a 200 day moving average of $107.14. Autoliv has a 1-year low of $93.31 and a 1-year high of $117.54. The firm has a market cap of $9.28 billion, a PE ratio of 16.87 and a beta of 1.14.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be given a $0.60 dividend. The ex-dividend date is Monday, August 21st. This represents a $2.40 annualized dividend and a yield of 2.25%. Autoliv’s dividend payout ratio is 37.97%.
Several brokerages recently commented on ALV. Jefferies Group LLC set a $108.00 price target on shares of Autoliv and gave the company a “hold” rating in a research report on Sunday, April 30th. Mizuho upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and upped their price target for the company from $108.00 to $130.00 in a research report on Monday, July 17th. Guggenheim began coverage on shares of Autoliv in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $102.00 price target for the company. Royal Bank Of Canada restated a “hold” rating and issued a $98.00 price target on shares of Autoliv in a research report on Thursday, July 6th. Finally, BidaskClub upgraded shares of Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Autoliv has a consensus rating of “Hold” and an average target price of $106.92.
In other Autoliv news, VP Svante Mogefors sold 6,738 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $102.46, for a total value of $690,375.48. Following the transaction, the vice president now directly owns 17,269 shares in the company, valued at $1,769,381.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Alspaugh sold 1,156 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $109.87, for a total transaction of $127,009.72. Following the completion of the transaction, the director now owns 3,800 shares in the company, valued at $417,506. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Alecta Pensionsforsakring Omsesidigt increased its position in Autoliv by 1.2% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,462,500 shares of the auto parts company’s stock valued at $870,107,000 after buying an additional 100,000 shares in the last quarter. BlackRock Inc. increased its position in Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock valued at $277,583,000 after buying an additional 2,613,635 shares during the period. Edge Asset Management Inc. increased its position in Autoliv by 15.6% in the first quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock valued at $175,802,000 after buying an additional 232,363 shares during the period. Vanguard Group Inc. increased its position in Autoliv by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,376,135 shares of the auto parts company’s stock valued at $140,724,000 after buying an additional 52,894 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Autoliv by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock valued at $74,375,000 after buying an additional 296,818 shares during the period. Hedge funds and other institutional investors own 32.16% of the company’s stock.
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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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