Autoliv (ALV) Scheduled to Post Quarterly Earnings on Friday

Autoliv (NYSE:ALV) is set to release its earnings data before the market opens on Friday, April 26th. Analysts expect Autoliv to post earnings of $1.43 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.37. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the business earned $1.83 earnings per share. On average, analysts expect Autoliv to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Autoliv Stock Performance

Shares of NYSE ALV opened at $114.29 on Friday. Autoliv has a one year low of $79.66 and a one year high of $124.38. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 0.75 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $116.86 and a 200 day simple moving average of $106.96.

Autoliv Dividend Announcement

The firm 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. The ex-dividend date was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a yield of 2.38%. Autoliv’s payout ratio is currently 47.30%.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of analyst reports. Berenberg Bank raised Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 12th. Barclays boosted their price objective on shares of Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. 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 note on Monday, March 25th. Wolfe Research cut shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Finally, StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Autoliv presently has an average rating of “Hold” and a consensus price target of $115.18.

Insiders Place Their Bets

In other Autoliv news, CFO Fredrik Westin sold 1,318 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total transaction of $144,887.74. Following the transaction, the chief financial officer now owns 5,458 shares of the company’s stock, valued at approximately $599,997.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Autoliv news, VP Mikael Hagstrom sold 327 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now directly owns 327 shares in the company, valued at $35,868.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Fredrik Westin sold 1,318 shares of Autoliv stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total value of $144,887.74. Following the sale, the chief financial officer now directly owns 5,458 shares of the company’s stock, valued at $599,997.94. The disclosure for this sale can be found here. Insiders sold a total of 8,388 shares of company stock valued at $921,757 in the last quarter. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Autoliv

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Autoliv by 188.9% in the 1st 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 in the last quarter. Vanguard Group Inc. grew its position in shares of Autoliv by 21.0% in the 1st quarter. Vanguard Group Inc. now owns 1,814,404 shares of the auto parts company’s stock valued at $138,693,000 after buying an additional 315,473 shares during the last quarter. State Street Corp increased its position in Autoliv by 185.3% during the 1st quarter. State Street Corp now owns 1,455,700 shares of the auto parts company’s stock valued at $135,904,000 after purchasing an additional 945,517 shares during the period. Millennium Management LLC boosted its stake in shares of Autoliv by 292.3% in the 4th quarter. Millennium Management LLC now owns 1,146,435 shares of the auto parts company’s stock valued at $87,794,000 after purchasing an additional 854,212 shares during the last quarter. Finally, Norges Bank acquired a new stake in Autoliv during the 4th quarter worth about $67,916,000. 69.57% of the stock is owned by institutional investors.

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.