$2.20 Billion in Sales Expected for Autoliv Inc. (ALV) This Quarter

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Equities analysts expect Autoliv Inc. (NYSE:ALV) to report $2.20 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Autoliv’s earnings. The lowest sales estimate is $2.19 billion and the highest is $2.21 billion. Autoliv reported sales of $2.81 billion in the same quarter last year, which would suggest a negative year over year growth rate of 21.7%. The firm is scheduled to issue its next quarterly earnings results on Friday, April 26th.

According to Zacks, analysts expect that Autoliv will report full-year sales of $8.98 billion for the current year, with estimates ranging from $8.93 billion to $9.03 billion. For the next year, analysts expect that the firm will post sales of $9.51 billion, with estimates ranging from $9.25 billion to $9.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Autoliv.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Tuesday, January 29th. The auto parts company reported $1.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.20). The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.24 billion. Autoliv had a net margin of 2.06% and a return on equity of 22.59%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 EPS.

Several research firms have recently commented on ALV. Zacks Investment Research upgraded Autoliv from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 5th. Sanford C. Bernstein upgraded Autoliv from an “underperform” rating to a “market perform” rating in a report on Monday, November 26th. Longbow Research restated a “hold” rating on shares of Autoliv in a report on Wednesday, March 6th. BMO Capital Markets restated a “hold” rating and set a $79.00 price objective on shares of Autoliv in a report on Wednesday, January 30th. Finally, ValuEngine downgraded Autoliv from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $92.18.

In related news, insider Svante Mogefors sold 1,524 shares of Autoliv stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $80.69, for a total transaction of $122,971.56. Following the transaction, the insider now owns 643 shares of the company’s stock, valued at $51,883.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in Autoliv by 2.2% in the third quarter. Wells Fargo & Company MN now owns 35,514 shares of the auto parts company’s stock worth $3,079,000 after purchasing an additional 749 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Autoliv by 27.2% in the third quarter. Janney Montgomery Scott LLC now owns 7,746 shares of the auto parts company’s stock worth $671,000 after purchasing an additional 1,658 shares during the last quarter. SG Americas Securities LLC boosted its position in Autoliv by 221.8% in the third quarter. SG Americas Securities LLC now owns 15,490 shares of the auto parts company’s stock worth $1,343,000 after purchasing an additional 10,677 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Autoliv by 140.7% in the third quarter. JPMorgan Chase & Co. now owns 332,746 shares of the auto parts company’s stock worth $28,842,000 after purchasing an additional 194,499 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Autoliv by 9.1% in the third quarter. Toronto Dominion Bank now owns 9,461 shares of the auto parts company’s stock worth $820,000 after purchasing an additional 793 shares during the last quarter. 34.33% of the stock is currently owned by institutional investors.

NYSE ALV opened at $74.19 on Tuesday. The company has a market cap of $6.44 billion, a PE ratio of 10.86, a PEG ratio of 0.93 and a beta of 1.36. Autoliv has a 52 week low of $67.26 and a 52 week high of $115.37. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.85.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, May 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.34%. Autoliv’s payout ratio is 36.31%.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including 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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