Zacks: Analysts Anticipate Autoliv (ALV) Will Announce Quarterly Sales of $2.79 Billion

Wall Street analysts expect Autoliv (NYSE:ALV) to announce $2.79 billion in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Autoliv’s earnings, with estimates ranging from $2.77 billion to $2.80 billion. Autoliv reported sales of $2.61 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is expected to report its next quarterly earnings report before the market opens on Friday, April 27th.

According to Zacks, analysts expect that Autoliv will report full year sales of $2.79 billion for the current financial year, with estimates ranging from $11.52 billion to $11.61 billion. For the next financial year, analysts anticipate that the firm will post sales of $12.39 billion per share, with estimates ranging from $12.20 billion to $12.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Autoliv.

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Autoliv (NYSE:ALV) last released its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.69 billion. Autoliv had a net margin of 4.11% and a return on equity of 13.84%. Autoliv’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 EPS.

Several research firms have recently weighed in on ALV. Robert W. Baird upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $137.00 to $192.00 in a research note on Wednesday, January 31st. Longbow Research reiterated a “buy” rating and issued a $168.00 price objective on shares of Autoliv in a research note on Tuesday, March 27th. Barclays lifted their price objective on shares of Autoliv from $94.00 to $106.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Guggenheim reiterated a “hold” rating and issued a $150.00 price objective on shares of Autoliv in a research note on Wednesday, January 31st. Finally, Piper Jaffray reiterated a “hold” rating and issued a $138.00 price objective on shares of Autoliv in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $135.48.

NYSE:ALV opened at $146.63 on Friday. The firm has a market capitalization of $12,876.33, a PE ratio of 22.28, a P/E/G ratio of 2.07 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.58 and a quick ratio of 1.26. Autoliv has a twelve month low of $96.08 and a twelve month high of $152.57.

In related news, insider Johan Lofvenholm sold 280 shares of Autoliv stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $143.30, for a total value of $40,124.00. Following the completion of the sale, the insider now owns 10,954 shares of the company’s stock, valued at approximately $1,569,708.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio boosted its holdings in Autoliv by 13.1% during the 4th quarter. Strs Ohio now owns 13,429 shares of the auto parts company’s stock worth $1,706,000 after acquiring an additional 1,552 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Autoliv by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 184,535 shares of the auto parts company’s stock worth $23,451,000 after acquiring an additional 8,561 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Autoliv by 106.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,956 shares of the auto parts company’s stock worth $488,000 after acquiring an additional 2,036 shares during the last quarter. KBC Group NV boosted its holdings in Autoliv by 37.2% during the 3rd quarter. KBC Group NV now owns 15,831 shares of the auto parts company’s stock worth $1,956,000 after acquiring an additional 4,292 shares during the last quarter. Finally, Phoenix Investment Adviser LLC boosted its holdings in Autoliv by 25.0% during the 4th quarter. Phoenix Investment Adviser LLC now owns 10,000 shares of the auto parts company’s stock worth $1,271,000 after acquiring an additional 2,000 shares during the last quarter. 35.51% of the stock is owned by institutional investors and hedge funds.

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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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