According to Zacks, “Autoliv’s planned joint venture (JV) with Volvo should boost earnings in the long run. The company is under pressure due to stiff competition in passive safety products and customer concentration. Management also expects adjusted operating margins to decline in third-quarter and full-year 2016. However, Autoliv expects to record an improvement in both organic and consolidated sales in 2016. The company has a positive record of earnings surprises in recent quarters.”
Other equities analysts have also issued reports about the company. Wells Fargo & Co. restated a hold rating on shares of Autoliv in a research report on Tuesday, July 26th. Piper Jaffray Cos. set a $104.00 price objective on Autoliv and gave the company a hold rating in a research report on Monday, July 25th. Deutsche Bank AG decreased their price objective on Autoliv from $102.00 to $100.00 and set a hold rating for the company in a research report on Monday, July 25th. Berenberg Bank assumed coverage on Autoliv in a research report on Friday, June 17th. They issued a hold rating and a $109.00 price objective for the company. Finally, Citigroup Inc. decreased their price objective on Autoliv from $121.00 to $113.00 and set a neutral rating for the company in a research report on Thursday, July 28th. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Autoliv presently has an average rating of Hold and an average target price of C$101.39.
Shares of Autoliv (NYSE:ALV) traded down 0.64% during trading on Monday, reaching $106.12. The company’s stock had a trading volume of 124,457 shares. Autoliv has a 52 week low of $95.34 and a 52 week high of $129.37. The stock’s 50 day moving average price is $106.00 and its 200 day moving average price is $112.98. The company has a market cap of $9.36 billion, a PE ratio of 16.56 and a beta of 1.29.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.04. The company earned $2.58 billion during the quarter, compared to analyst estimates of $2.64 billion. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.62 EPS. Equities research analysts predict that Autoliv will post $6.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, November 14th. Autoliv’s dividend payout ratio (DPR) is presently 36.19%.
A number of large investors have recently bought and sold shares of ALV. BlackRock Institutional Trust Company N.A. boosted its stake in Autoliv by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,538,027 shares of the company’s stock worth $165,261,000 after buying an additional 27,940 shares during the period. Vanguard Group Inc. boosted its stake in Autoliv by 2.6% in the second quarter. Vanguard Group Inc. now owns 1,289,681 shares of the company’s stock worth $138,577,000 after buying an additional 32,557 shares during the period. Edge Asset Management Inc. boosted its stake in Autoliv by 2.8% in the second quarter. Edge Asset Management Inc. now owns 1,078,378 shares of the company’s stock worth $115,872,000 after buying an additional 29,483 shares during the period. State Street Corp boosted its stake in Autoliv by 10.4% in the first quarter. State Street Corp now owns 864,427 shares of the company’s stock worth $102,415,000 after buying an additional 81,460 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Autoliv by 34.7% in the second quarter. Ameriprise Financial Inc. now owns 802,236 shares of the company’s stock worth $86,217,000 after buying an additional 206,460 shares during the period. Institutional investors and hedge funds own 33.07% of the company’s stock.
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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