Brokerages Anticipate Autoliv, Inc. (NYSE:ALV) Will Announce Quarterly Sales of $2.22 Billion

Brokerages expect Autoliv, Inc. (NYSE:ALVGet Rating) to post $2.22 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Autoliv’s earnings. The highest sales estimate is $2.32 billion and the lowest is $2.15 billion. Autoliv reported sales of $2.02 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.9%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Autoliv will report full-year sales of $9.25 billion for the current financial year, with estimates ranging from $9.16 billion to $9.35 billion. For the next fiscal year, analysts expect that the business will post sales of $10.49 billion, with estimates ranging from $10.15 billion to $10.77 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Autoliv.

Autoliv (NYSE:ALVGet Rating) last released its quarterly earnings results on Friday, April 22nd. The auto parts company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.00). Autoliv had a return on equity of 12.30% and a net margin of 4.46%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the firm earned $1.79 EPS. Autoliv’s quarterly revenue was down 5.3% on a year-over-year basis.

A number of equities research analysts have recently issued reports on ALV shares. Royal Bank of Canada cut their price objective on shares of Autoliv from $116.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, April 25th. Robert W. Baird dropped their price target on shares of Autoliv from $88.00 to $77.00 in a research report on Monday, April 25th. Credit Suisse Group assumed coverage on shares of Autoliv in a research report on Thursday, February 17th. They set a “neutral” rating and a $105.00 price target for the company. Citigroup decreased their price objective on shares of Autoliv from $84.00 to $75.00 in a report on Sunday, April 24th. Finally, UBS Group upgraded shares of Autoliv from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $103.00 to $90.00 in a report on Monday, May 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.41.

In other Autoliv news, insider Fredrik Westin sold 1,060 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $75.38, for a total value of $79,902.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its position in shares of Autoliv by 11.2% during the 1st quarter. Nordea Investment Management AB now owns 2,062,144 shares of the auto parts company’s stock valued at $157,754,000 after buying an additional 206,952 shares in the last quarter. BlackRock Inc. increased its position in shares of Autoliv by 6.1% during the 1st quarter. BlackRock Inc. now owns 1,994,029 shares of the auto parts company’s stock worth $152,425,000 after purchasing an additional 113,949 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Autoliv by 21.0% during the 1st quarter. Vanguard Group Inc. now owns 1,814,404 shares of the auto parts company’s stock worth $138,693,000 after purchasing an additional 315,473 shares during the last quarter. FIL Ltd boosted its holdings in Autoliv by 70.6% during the 3rd quarter. FIL Ltd now owns 1,587,160 shares of the auto parts company’s stock valued at $136,051,000 after acquiring an additional 656,722 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Autoliv by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,529,141 shares of the auto parts company’s stock valued at $116,893,000 after acquiring an additional 56,748 shares during the period. Institutional investors and hedge funds own 62.02% of the company’s stock.

ALV stock traded up $1.20 during midday trading on Friday, reaching $77.27. The company had a trading volume of 1,408,947 shares, compared to its average volume of 754,441. Autoliv has a 1 year low of $69.69 and a 1 year high of $110.59. The company has a market capitalization of $6.75 billion, a P/E ratio of 18.75 and a beta of 1.67. The firm has a 50-day moving average price of $74.74 and a 200-day moving average price of $89.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.28 and a quick ratio of 0.98.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 13th. Investors of record on Tuesday, May 24th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Monday, May 23rd. Autoliv’s dividend payout ratio (DPR) is presently 62.14%.

About Autoliv (Get Rating)

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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

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