Q1 2024 Earnings Estimate for Autoliv, Inc. (NYSE:ALV) Issued By Zacks Research

Autoliv, Inc. (NYSE:ALV) – Analysts at Zacks Research upped their Q1 2024 EPS estimates for Autoliv in a research report issued to clients and investors on Monday, November 6th. Zacks Research analyst L. Shahu now anticipates that the auto parts company will post earnings per share of $1.70 for the quarter, up from their prior forecast of $1.69. The consensus estimate for Autoliv’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Autoliv’s Q2 2024 earnings at $2.15 EPS, Q3 2024 earnings at $2.44 EPS, Q1 2025 earnings at $2.45 EPS, Q2 2025 earnings at $2.75 EPS and FY2025 earnings at $11.06 EPS.

Several other brokerages also recently weighed in on ALV. Barclays boosted their price objective on Autoliv from $97.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Danske cut shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Mizuho increased their target price on shares of Autoliv from $96.00 to $106.00 and gave the stock a “buy” rating in a report on Monday, July 24th. The Goldman Sachs Group boosted their price target on Autoliv from $126.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Citigroup dropped their price objective on Autoliv from $99.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $107.00.

Autoliv Trading Up 0.2 %

NYSE ALV opened at $97.30 on Tuesday. The firm has a market cap of $8.19 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 0.46 and a beta of 1.73. Autoliv has a 1-year low of $73.65 and a 1-year high of $103.99. The stock has a 50-day moving average of $95.82 and a 200-day moving average of $91.93. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51.

Autoliv (NYSE:ALV) last released its earnings results on Friday, October 20th. The auto parts company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.13). Autoliv had a net margin of 4.15% and a return on equity of 20.97%. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business posted $1.23 EPS. Autoliv’s revenue for the quarter was up 12.8% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Park Place Capital Corp bought a new stake in Autoliv during the 2nd quarter valued at about $25,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Autoliv during the first quarter valued at approximately $28,000. New York State Common Retirement Fund purchased a new position in Autoliv in the 1st quarter worth approximately $49,000. CWM LLC lifted its position in Autoliv by 43.5% in the 2nd quarter. CWM LLC now owns 683 shares of the auto parts company’s stock valued at $58,000 after acquiring an additional 207 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Autoliv during the 2nd quarter valued at $72,000. Institutional investors own 56.70% of the company’s stock.

Insiders Place Their Bets

In related news, Director Leif Johansson sold 11,400 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $93.01, for a total value of $1,060,314.00. Following the completion of the transaction, the director now directly owns 10,774 shares in the company, valued at approximately $1,002,089.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, September 7th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $2.64 annualized dividend and a yield of 2.71%. Autoliv’s payout ratio is 54.55%.

About Autoliv

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, and inflator technologies.