KeyCorp Analysts Increase Earnings Estimates for Autoliv, Inc. (ALV)
Autoliv, Inc. (NYSE:ALV) – Research analysts at KeyCorp upped their FY2017 earnings per share (EPS) estimates for shares of Autoliv in a report released on Sunday. KeyCorp analyst B. Hoselton now expects that the auto parts company will post earnings of $6.31 per share for the year, up from their previous estimate of $6.28. KeyCorp has a “Buy” rating and a $146.00 price objective on the stock. KeyCorp also issued estimates for Autoliv’s Q4 2017 earnings at $1.77 EPS, Q1 2018 earnings at $1.95 EPS, Q2 2018 earnings at $1.84 EPS, Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.88 EPS, FY2018 earnings at $7.41 EPS and FY2019 earnings at $8.56 EPS.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.14. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. COPYRIGHT VIOLATION NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/11/09/keycorp-analysts-increase-earnings-estimates-for-autoliv-inc-alv.html.
Several other research firms also recently weighed in on ALV. Buckingham Research raised Autoliv from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $87.00 to $114.00 in a research report on Friday, September 15th. Wells Fargo & Company boosted their target price on Autoliv to $140.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. They noted that the move was a valuation call. Mizuho boosted their target price on Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Citigroup Inc. boosted their target price on Autoliv from $105.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, September 15th. Finally, ValuEngine raised Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. Autoliv currently has an average rating of “Hold” and an average target price of $113.95.
Autoliv (NYSE:ALV) opened at $123.71 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23. Autoliv has a 12-month low of $93.31 and a 12-month high of $127.75. The firm has a market cap of $10,909.14, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.45 and a beta of 1.10.
Several hedge funds have recently made changes to their positions in ALV. BlackRock Inc. increased its holdings in shares of 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 purchasing an additional 2,613,635 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Autoliv by 915.3% in the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock valued at $244,927,000 after purchasing an additional 2,010,970 shares during the period. Carve CapitalAB acquired a new stake in Autoliv during the second quarter worth about $22,304,000. Pictet Asset Management Ltd. grew its holdings in Autoliv by 542.2% during the third quarter. Pictet Asset Management Ltd. now owns 234,400 shares of the auto parts company’s stock worth $28,972,000 after acquiring an additional 197,900 shares during the period. Finally, FMR LLC grew its holdings in Autoliv by 7.3% during the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after acquiring an additional 123,781 shares during the period. 32.72% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s dividend payout ratio is presently 41.38%.
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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