Autoliv (ALV) Releases Quarterly Earnings Results, Misses Estimates By $0.23 EPS

Autoliv (NYSE:ALV) posted its quarterly earnings results on Friday. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.23), reports. Autoliv had a return on equity of 17.38% and a net margin of 3.09%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. The firm’s revenue was up 4.1% on a year-over-year basis.

ALV traded up $1.75 on Friday, hitting $81.77. The company had a trading volume of 1,888,922 shares, compared to its average volume of 930,158. The firm has a market cap of $6.97 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 0.62 and a beta of 1.22. Autoliv has a 1 year low of $75.99 and a 1 year high of $115.37. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be issued a $0.62 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $2.48 annualized dividend and a yield of 3.03%. Autoliv’s dividend payout ratio (DPR) is currently 37.69%.

Several research firms have recently commented on ALV. Evercore ISI upgraded Autoliv from an “underperform” rating to an “in-line” rating in a report on Monday, July 2nd. Wells Fargo & Co reduced their price target on Autoliv from $115.00 to $113.00 and set a “market perform” rating on the stock in a report on Monday, July 30th. Longbow Research reiterated a “buy” rating and set a $120.00 price target on shares of Autoliv in a report on Friday, August 24th. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Tuesday, August 28th. Finally, BNP Paribas upgraded Autoliv from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 11th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. Autoliv currently has an average rating of “Hold” and a consensus target price of $118.48.

In related news, Director Jan Carlson sold 42,589 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the sale, the director now directly owns 53,579 shares in the company, valued at approximately $4,796,927.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Earnings History for Autoliv (NYSE:ALV)

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