Wall Street analysts expect Autoliv Inc. (NYSE:ALV) to report earnings of $0.78 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Autoliv’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $1.23. Autoliv posted earnings per share of $1.38 in the same quarter last year, which would indicate a negative year over year growth rate of 43.5%. The company is expected to announce its next quarterly earnings report before the market opens on Friday, July 17th.
On average, analysts expect that Autoliv will report full year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $3.72. For the next financial year, analysts expect that the company will post earnings of $5.70 per share, with EPS estimates ranging from $4.85 to $6.45. Zacks’ EPS calculations are an average based on a survey of research firms that follow Autoliv.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, April 24th. The auto parts company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.41). Autoliv had a return on equity of 22.98% and a net margin of 5.17%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company earned $1.20 EPS. The company’s revenue was down 15.1% compared to the same quarter last year.
ALV has been the subject of a number of recent research reports. UBS Group upped their price target on Autoliv from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 19th. Royal Bank of Canada reissued a “buy” rating on shares of Autoliv in a report on Sunday, May 17th. ValuEngine raised Autoliv from a “sell” rating to a “hold” rating in a report on Monday, June 15th. TheStreet downgraded Autoliv from a “b-” rating to a “c+” rating in a report on Friday, March 13th. Finally, Mizuho reissued a “buy” rating and issued a $70.00 price objective (down previously from $75.00) on shares of Autoliv in a report on Friday, April 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Autoliv has a consensus rating of “Hold” and a consensus target price of $62.83.
NYSE:ALV traded up $1.46 during trading hours on Tuesday, reaching $64.02. 312,600 shares of the stock were exchanged, compared to its average volume of 696,585. Autoliv has a twelve month low of $38.16 and a twelve month high of $87.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.49 and a quick ratio of 1.14. The firm has a 50 day moving average of $63.54 and a 200 day moving average of $66.96. The stock has a market cap of $5.46 billion, a PE ratio of 13.15 and a beta of 1.82.
In related news, insider Daniel Garceau sold 752 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $61.08, for a total value of $45,932.16. Following the sale, the insider now owns 68 shares in the company, valued at approximately $4,153.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in Autoliv by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 14,455 shares of the auto parts company’s stock valued at $1,220,000 after acquiring an additional 163 shares during the period. Dai Ichi Life Insurance Company Ltd raised its stake in Autoliv by 2.0% in the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 9,365 shares of the auto parts company’s stock valued at $790,000 after acquiring an additional 185 shares during the period. Eagle Ridge Investment Management increased its position in Autoliv by 0.3% during the 1st quarter. Eagle Ridge Investment Management now owns 68,213 shares of the auto parts company’s stock worth $3,138,000 after buying an additional 189 shares during the period. Marshall Wace LLP increased its position in Autoliv by 23.7% during the 4th quarter. Marshall Wace LLP now owns 1,007 shares of the auto parts company’s stock worth $85,000 after buying an additional 193 shares during the period. Finally, M&T Bank Corp increased its position in Autoliv by 1.7% during the 1st quarter. M&T Bank Corp now owns 13,590 shares of the auto parts company’s stock worth $626,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 38.32% of the company’s stock.
Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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