Zacks Research Weighs in on Autoliv, Inc.’s FY2023 Earnings (NYSE:ALV)

Autoliv, Inc. (NYSE:ALV) – Equities researchers at Zacks Research raised their FY2023 earnings estimates for shares of Autoliv in a research note issued to investors on Monday, November 6th. Zacks Research analyst L. Shahu now anticipates that the auto parts company will post earnings per share of $7.68 for the year, up from their prior estimate of $6.63. The consensus estimate for Autoliv’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Autoliv’s Q4 2023 earnings at $3.19 EPS, Q4 2024 earnings at $2.82 EPS, FY2024 earnings at $9.11 EPS and Q3 2025 earnings at $2.84 EPS.

ALV has been the subject of several other reports. Danske cut shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. The Goldman Sachs Group boosted their target price on shares of Autoliv from $126.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Wells Fargo & Company upped their price objective on shares of Autoliv from $99.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Autoliv from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Finally, Citigroup dropped their target price on shares of 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 issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Autoliv currently has a consensus rating of “Hold” and an average price target of $107.00.

Autoliv Stock Performance

Shares of Autoliv stock opened at $96.93 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. Autoliv has a 52 week low of $73.65 and a 52 week high of $103.99. The company has a 50 day moving average price of $95.81 and a 200 day moving average price of $91.96. The firm has a market capitalization of $8.16 billion, a P/E ratio of 20.03, a PEG ratio of 0.47 and a beta of 1.73.

Autoliv (NYSE:ALV) last announced its quarterly earnings data 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). The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a net margin of 4.15% and a return on equity of 20.97%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ALV. JPMorgan Chase & Co. lifted its position in Autoliv by 51.4% in the first quarter. JPMorgan Chase & Co. now owns 22,346 shares of the auto parts company’s stock valued at $1,708,000 after buying an additional 7,587 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Autoliv by 7.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,092 shares of the auto parts company’s stock worth $236,000 after purchasing an additional 217 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Autoliv by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 107,903 shares of the auto parts company’s stock worth $8,247,000 after purchasing an additional 2,073 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Autoliv by 16.8% during the first quarter. American Century Companies Inc. now owns 24,143 shares of the auto parts company’s stock worth $1,845,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Autoliv during the first quarter worth about $122,000. Institutional investors and hedge funds own 56.70% of the company’s stock.

Insider Activity at Autoliv

In other Autoliv news, Director Leif Johansson sold 11,400 shares of the company’s 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 transaction, the director now owns 10,774 shares of the company’s stock, valued at $1,002,089.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is currently owned by insiders.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, September 7th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, September 6th. Autoliv’s dividend payout ratio is currently 54.55%.

Autoliv Company Profile

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.