Zacks: Brokerages Anticipate Autoliv (ALV) Will Announce Earnings of $1.81 Per Share

Analysts expect Autoliv (NYSE:ALV) to post $1.81 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Autoliv’s earnings, with the lowest EPS estimate coming in at $1.76 and the highest estimate coming in at $1.84. Autoliv reported earnings of $1.65 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The firm is expected to report its next quarterly earnings results before the market opens on Friday, April 27th.

According to Zacks, analysts expect that Autoliv will report full-year earnings of $7.41 per share for the current year, with EPS estimates ranging from $6.77 to $7.80. For the next financial year, analysts expect that the company will report earnings of $8.77 per share, with EPS estimates ranging from $8.15 to $9.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Autoliv.

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Autoliv (NYSE:ALV) last issued its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $2.03 EPS 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.71 earnings per share.

Several equities analysts recently commented on the stock. Longbow Research assumed coverage on shares of Autoliv in a research note on Friday, January 5th. They set a “buy” rating and a $155.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of Autoliv from $152.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Robert W. Baird reaffirmed a “hold” rating and set a $137.00 price objective on shares of Autoliv in a research note on Tuesday, January 9th. Societe Generale cut shares of Autoliv from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Finally, Susquehanna Bancshares set a $137.00 price objective on shares of Autoliv and gave the company a “hold” rating in a research note on Wednesday, March 14th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Autoliv has a consensus rating of “Hold” and a consensus target price of $135.48.

Shares of NYSE:ALV opened at $146.63 on Friday. The company has a market cap of $12,752.83, a P/E ratio of 22.25, a PEG ratio of 2.05 and a beta of 1.28. Autoliv has a 12 month low of $96.08 and a 12 month high of $152.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.58 and a quick ratio of 1.26.

In other Autoliv news, insider Johan Lofvenholm sold 280 shares of the business’s stock in a transaction that occurred 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 transaction, 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 filing with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Autoliv by 2.0% in the 4th quarter. BlackRock Inc. now owns 2,672,695 shares of the auto parts company’s stock worth $339,646,000 after acquiring an additional 52,160 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Autoliv by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 865,594 shares of the auto parts company’s stock worth $106,986,000 after acquiring an additional 52,231 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Autoliv by 119.2% in the 4th quarter. Renaissance Technologies LLC now owns 237,459 shares of the auto parts company’s stock worth $30,199,000 after acquiring an additional 129,119 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Autoliv by 2.1% in the 4th quarter. California Public Employees Retirement System now owns 226,849 shares of the auto parts company’s stock worth $28,828,000 after acquiring an additional 4,741 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Autoliv by 4.9% in 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. Hedge funds and other institutional investors own 35.51% of the company’s stock.

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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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