Zacks: Analysts Anticipate Autoliv, Inc. (NYSE:ALV) Will Announce Quarterly Sales of $2.20 Billion

Analysts expect that Autoliv, Inc. (NYSE:ALV) will report sales of $2.20 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Autoliv’s earnings. The highest sales estimate is $2.23 billion and the lowest is $2.16 billion. Autoliv posted sales of $1.85 billion during the same quarter last year, which indicates a positive year over year growth rate of 18.9%. The company is scheduled to announce its next earnings results before the market opens on Friday, April 23rd.

On average, analysts expect that Autoliv will report full year sales of $9.23 billion for the current year, with estimates ranging from $9.08 billion to $9.40 billion. For the next year, analysts expect that the firm will post sales of $10.05 billion, with estimates ranging from $9.59 billion to $10.33 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Autoliv.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Monday, January 25th. The auto parts company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. Autoliv had a return on equity of 11.87% and a net margin of 2.16%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year.

A number of research firms have recently weighed in on ALV. Mizuho upped their price objective on Autoliv from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, January 27th. SEB Equity Research lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, January 27th. Kepler Capital Markets lowered Autoliv to a “hold” rating and set a $89.00 price objective on the stock. in a research report on Friday, January 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Autoliv from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, January 28th. Finally, Morgan Stanley lowered Autoliv from an “equal weight” rating to an “underweight” rating and set a $80.00 price objective on the stock. in a research report on Friday, January 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Autoliv has a consensus rating of “Hold” and a consensus price target of $90.50.

In other Autoliv news, insider Jennifer Cheng sold 318 shares of the firm’s stock in a transaction dated Thursday, February 18th. The stock was sold at an average price of $91.39, for a total transaction of $29,062.02. Following the transaction, the insider now owns 2,957 shares of the company’s stock, valued at $270,240.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Fredrik Westin sold 1,040 shares of the firm’s stock in a transaction dated Wednesday, March 3rd. The stock was sold at an average price of $94.94, for a total value of $98,737.60. Following the transaction, the insider now directly owns 2,080 shares in the company, valued at approximately $197,475.20. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Several hedge funds have recently modified their holdings of ALV. Wells Fargo & Company MN boosted its stake in shares of Autoliv by 112.0% during the third quarter. Wells Fargo & Company MN now owns 16,935 shares of the auto parts company’s stock worth $1,234,000 after buying an additional 8,948 shares during the period. Sei Investments Co. acquired a new stake in shares of Autoliv during the third quarter worth about $267,000. US Bancorp DE boosted its stake in shares of Autoliv by 6.7% during the third quarter. US Bancorp DE now owns 5,084 shares of the auto parts company’s stock worth $370,000 after buying an additional 321 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Autoliv by 4.5% during the third quarter. Great West Life Assurance Co. Can now owns 38,088 shares of the auto parts company’s stock worth $2,716,000 after buying an additional 1,656 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Autoliv by 99.7% during the third quarter. Squarepoint Ops LLC now owns 27,798 shares of the auto parts company’s stock worth $2,026,000 after buying an additional 13,878 shares during the period. 35.25% of the stock is currently owned by institutional investors.

NYSE:ALV traded down $1.10 during trading hours on Monday, reaching $92.69. 9,754 shares of the stock were exchanged, compared to its average volume of 496,973. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average of $93.33 and a two-hundred day moving average of $88.42. Autoliv has a twelve month low of $51.14 and a twelve month high of $99.21. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 53.02 and a beta of 1.91.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive 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 cable cutters, as well as protection systems for road users, such as pedestrians and cyclists.

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Earnings History and Estimates for Autoliv (NYSE:ALV)

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