Jefferies Financial Group Equities Analysts Decrease Earnings Estimates for Autoliv, Inc. (NYSE:ALV)

Autoliv, Inc. (NYSE:ALVGet Rating) – Analysts at Jefferies Financial Group decreased their FY2023 earnings estimates for Autoliv in a research note issued on Monday, April 25th. Jefferies Financial Group analyst S. Gommel now anticipates that the auto parts company will post earnings per share of $7.98 for the year, down from their prior forecast of $8.24. Jefferies Financial Group has a “Buy” rating and a $108.00 price objective on the stock.

Several other analysts have also issued reports on ALV. Wells Fargo & Company cut their target price on Autoliv from $87.00 to $74.00 and set an “equal weight” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Autoliv from $123.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, April 21st. Zacks Investment Research cut shares of Autoliv from a “hold” rating to a “strong sell” rating and set a $65.00 price objective for the company. in a report on Tuesday, April 5th. Royal Bank of Canada reduced their target price on shares of Autoliv from $116.00 to $97.00 and set an “outperform” rating for the company in a report on Monday. Finally, Barclays lowered their price objective on Autoliv from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $94.69.

Shares of Autoliv stock opened at $70.40 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a market capitalization of $6.16 billion, a P/E ratio of 17.09 and a beta of 1.77. Autoliv has a 52-week low of $69.96 and a 52-week high of $110.59. The stock’s 50-day simple moving average is $78.92 and its 200 day simple moving average is $92.85.

Autoliv (NYSE:ALVGet Rating) last issued its quarterly earnings data on Friday, April 22nd. The auto parts company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($1.00). The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.15 billion. Autoliv had a net margin of 5.30% and a return on equity of 17.00%. Autoliv’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.79 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Investors of record on Tuesday, March 8th were paid a $0.64 dividend. The ex-dividend date was Monday, March 7th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.64%. Autoliv’s dividend payout ratio (DPR) is presently 62.14%.

In related news, insider Fredrik Westin sold 1,060 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $75.38, for a total value of $79,902.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mikael Bratt sold 935 shares of Autoliv stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $97.33, for a total value of $91,003.55. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its holdings in Autoliv by 11.2% during the first quarter. Nordea Investment Management AB now owns 2,062,144 shares of the auto parts company’s stock worth $157,754,000 after buying an additional 206,952 shares in the last quarter. FIL Ltd lifted its position in shares of Autoliv by 70.6% in the third quarter. FIL Ltd now owns 1,587,160 shares of the auto parts company’s stock worth $136,051,000 after purchasing an additional 656,722 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Autoliv by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,472,393 shares of the auto parts company’s stock valued at $152,257,000 after buying an additional 16,672 shares during the period. Neuberger Berman Group LLC boosted its position in Autoliv by 71.6% during the third quarter. Neuberger Berman Group LLC now owns 967,306 shares of the auto parts company’s stock valued at $82,956,000 after purchasing an additional 403,613 shares during the last quarter. Finally, Norges Bank acquired a new position in Autoliv in the 4th quarter worth about $87,591,000. Institutional investors and hedge funds own 53.46% of the company’s stock.

Autoliv Company Profile (Get Rating)

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

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Earnings History and Estimates for Autoliv (NYSE:ALV)

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