Autoliv, Inc. (ALV) Expected to Post Quarterly Sales of $2.71 Billion
Brokerages forecast that Autoliv, Inc. (NYSE:ALV) will post $2.71 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Autoliv’s earnings, with the lowest sales estimate coming in at $2.67 billion and the highest estimate coming in at $2.74 billion. Autoliv posted sales of $2.60 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The business is scheduled to issue its next earnings report on Thursday, February 1st.
On average, analysts expect that Autoliv will report full-year sales of $2.71 billion for the current year, with estimates ranging from $10.32 billion to $10.44 billion. For the next year, analysts forecast that the business will report sales of $11.15 billion per share, with estimates ranging from $10.93 billion to $11.50 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Autoliv.
Autoliv (NYSE:ALV) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year.
ALV has been the topic of several recent research reports. Mizuho raised 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 report on Monday, July 17th. Royal Bank Of Canada reduced their price target on shares of Autoliv from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Monday, July 24th. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Bank of America Corporation reduced their price target on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $99.00 price target on shares of Autoliv in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $113.95.
Shares of Autoliv (NYSE:ALV) traded up $0.25 on Thursday, reaching $125.46. 274,478 shares of the company’s stock traded hands, compared to its average volume of 501,473. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. Autoliv has a one year low of $93.31 and a one year high of $127.75. The firm has a market capitalization of $10,890.00, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.45 and a beta of 1.10.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 1.91%. Autoliv’s dividend payout ratio (DPR) is 41.38%.
Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Autoliv by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after buying an additional 114 shares during the last quarter. Victory Capital Management Inc. lifted its position in Autoliv by 43.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after purchasing an additional 414 shares during the last quarter. Teachers Advisors LLC lifted its position in Autoliv by 288.3% in the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Autoliv by 9.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after purchasing an additional 171 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Autoliv by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,944 shares of the auto parts company’s stock valued at $213,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 32.72% 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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