$2.22 Billion in Sales Expected for Autoliv, Inc. (NYSE:ALV) This Quarter

Brokerages expect Autoliv, Inc. (NYSE:ALV – Get Rating) to announce sales of $2.22 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Autoliv’s earnings. The highest sales estimate is $2.32 billion and the lowest is $2.15 billion. Autoliv reported sales of $2.02 billion during the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Autoliv will report full year sales of $9.25 billion for the current year, with estimates ranging from $9.16 billion to $9.35 billion. For the next year, analysts anticipate that the firm will report sales of $10.49 billion, with estimates ranging from $10.15 billion to $10.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Autoliv.

Autoliv (NYSE:ALV – Get Rating) last announced its earnings results on Friday, April 22nd. The auto parts company reported $0.45 EPS 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 analyst estimates of $2.15 billion. Autoliv had a return on equity of 12.30% and a net margin of 4.46%. The business’s quarterly 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.

A number of equities research analysts recently commented on ALV shares. UBS Group raised Autoliv from a “neutral” rating to a “buy” rating and lowered their price target for the company from $103.00 to $90.00 in a research report on Monday, May 9th. Citigroup reduced their target price on Autoliv from $84.00 to $75.00 in a research note on Sunday, April 24th. Royal Bank of Canada dropped their target price on Autoliv from $116.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, April 25th. Wells Fargo & Company reduced their price objective on Autoliv from $87.00 to $74.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th. Finally, StockNews.com initiated coverage on Autoliv in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Autoliv currently has a consensus rating of “Hold” and a consensus price target of $94.41.

In other news, insider Mikael Bratt sold 935 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $97.33, for a total value of $91,003.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Fredrik Westin sold 1,060 shares of the company’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $75.38, for a total transaction of $79,902.80. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in shares of Autoliv during the 4th quarter worth approximately $26,000. Cyrus J. Lawrence LLC acquired a new stake in Autoliv in the 1st quarter valued at about $26,000. IndexIQ Advisors LLC acquired a new stake in shares of Autoliv during the 4th quarter worth about $28,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Autoliv in the 1st quarter valued at approximately $31,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Autoliv by 161.6% in the fourth quarter. Quadrant Capital Group LLC now owns 518 shares of the auto parts company’s stock valued at $54,000 after buying an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 62.02% of the company’s stock.

Shares of NYSE ALV opened at $76.44 on Friday. The stock has a 50-day moving average price of $74.92 and a two-hundred day moving average price of $90.19. Autoliv has a 12 month low of $69.69 and a 12 month high of $110.59. The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 0.62. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 18.55 and a beta of 1.67.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 13th. Shareholders of record on Tuesday, May 24th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Monday, May 23rd. Autoliv’s payout ratio is 62.14%.

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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