Q2 2024 EPS Estimates for Autoliv, Inc. Lifted by Analyst (NYSE:ALV)

Autoliv, Inc. (NYSE:ALVFree Report) – Zacks Research boosted their Q2 2024 EPS estimates for shares of Autoliv in a research report issued on Tuesday, April 2nd. Zacks Research analyst R. Department now forecasts that the auto parts company will post earnings per share of $2.37 for the quarter, up from their previous estimate of $2.34. The consensus estimate for Autoliv’s current full-year earnings is $9.75 per share. Zacks Research also issued estimates for Autoliv’s Q3 2024 earnings at $2.73 EPS, FY2024 earnings at $9.75 EPS, Q4 2025 earnings at $3.62 EPS and Q1 2026 earnings at $2.88 EPS.

A number of other equities research analysts have also weighed in on the stock. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Berenberg Bank raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Friday, January 12th. Mizuho raised their target price on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Wolfe Research downgraded shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company raised their target price on shares of Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $114.00.

Read Our Latest Stock Report on Autoliv

Autoliv Trading Up 0.2 %

Shares of ALV opened at $118.45 on Wednesday. Autoliv has a 1-year low of $79.66 and a 1-year high of $124.38. The company has a 50-day moving average of $114.89 and a 200 day moving average of $105.38. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.77 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.98 and a quick ratio of 0.73.

Autoliv (NYSE:ALVGet Free Report) last announced its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.37. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the business posted $1.83 EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis.

Institutional Investors Weigh In On Autoliv

Large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Autoliv by 188.9% in the first quarter. BlackRock Inc. now owns 5,468,058 shares of the auto parts company’s stock valued at $510,498,000 after purchasing an additional 3,575,146 shares during the period. State Street Corp lifted its position in Autoliv by 185.3% in the first quarter. State Street Corp now owns 1,455,700 shares of the auto parts company’s stock valued at $135,904,000 after buying an additional 945,517 shares during the last quarter. Norges Bank acquired a new position in Autoliv in the fourth quarter valued at about $67,916,000. Millennium Management LLC lifted its position in Autoliv by 292.3% in the fourth quarter. Millennium Management LLC now owns 1,146,435 shares of the auto parts company’s stock valued at $87,794,000 after buying an additional 854,212 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in Autoliv by 169.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock valued at $83,661,000 after buying an additional 477,800 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Insider Buying and Selling

In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the sale, the chief executive officer now directly owns 17,547 shares in the company, valued at approximately $1,925,256.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the completion of the sale, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Colin Naughton sold 782 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction of $86,551.76. Following the completion of the sale, the insider now directly owns 5,594 shares of the company’s stock, valued at approximately $619,143.92. The disclosure for this sale can be found here. Insiders sold 8,388 shares of company stock worth $921,757 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Monday, March 11th. Autoliv’s dividend payout ratio (DPR) is presently 47.30%.

Autoliv Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Autoliv (NYSE:ALV)

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