Brokerages Expect Autoliv Inc. (NYSE:ALV) Will Announce Earnings of $1.79 Per Share

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Equities research analysts predict that Autoliv Inc. (NYSE:ALV) will report $1.79 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Autoliv’s earnings, with the lowest EPS estimate coming in at $1.77 and the highest estimate coming in at $1.81. Autoliv posted earnings per share of $1.42 during the same quarter last year, which indicates a positive year over year growth rate of 26.1%. The business is expected to issue its next earnings results before the market opens on Tuesday, January 28th.

On average, analysts expect that Autoliv will report full year earnings of $5.65 per share for the current financial year, with EPS estimates ranging from $5.53 to $5.69. For the next financial year, analysts anticipate that the company will post earnings of $6.63 per share, with EPS estimates ranging from $6.13 to $6.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Autoliv.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 25th. The auto parts company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.08). Autoliv had a net margin of 2.51% and a return on equity of 23.42%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The firm’s revenue was down .2% on a year-over-year basis.

ALV has been the subject of a number of research reports. Deutsche Bank upgraded Autoliv from a “sell” rating to a “hold” rating and increased their price target for the company from $58.00 to $78.00 in a research note on Friday, October 4th. ValuEngine upgraded Autoliv from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. Evercore ISI initiated coverage on Autoliv in a research note on Tuesday, November 12th. They issued a “hold” rating and a $70.00 price target for the company. Wolfe Research upgraded Autoliv from an “underperform” rating to a “peer perform” rating in a research note on Friday, November 22nd. Finally, Mizuho reiterated a “buy” rating and issued a $91.00 price target on shares of Autoliv in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Autoliv has a consensus rating of “Hold” and an average price target of $73.86.

A number of large investors have recently made changes to their positions in the stock. BTIM Corp. increased its holdings in Autoliv by 31.9% in the 2nd quarter. BTIM Corp. now owns 123,521 shares of the auto parts company’s stock valued at $8,709,000 after acquiring an additional 29,850 shares during the last quarter. Commonwealth Bank of Australia raised its stake in Autoliv by 24.3% in the second quarter. Commonwealth Bank of Australia now owns 19,810 shares of the auto parts company’s stock worth $1,393,000 after buying an additional 3,877 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Autoliv by 0.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 52,082 shares of the auto parts company’s stock worth $3,673,000 after buying an additional 213 shares in the last quarter. Janus Henderson Group PLC raised its stake in Autoliv by 51.3% in the second quarter. Janus Henderson Group PLC now owns 75,925 shares of the auto parts company’s stock worth $5,353,000 after buying an additional 25,746 shares in the last quarter. Finally, Andra AP fonden raised its stake in Autoliv by 4.1% in the third quarter. Andra AP fonden now owns 53,000 shares of the auto parts company’s stock worth $4,181,000 after buying an additional 2,100 shares in the last quarter. 39.06% of the stock is owned by institutional investors and hedge funds.

Shares of ALV traded up $0.92 during trading hours on Friday, reaching $83.01. The stock had a trading volume of 308,455 shares, compared to its average volume of 593,749. Autoliv has a 12 month low of $61.07 and a 12 month high of $86.83. The stock has a market capitalization of $7.24 billion, a PE ratio of 12.15 and a beta of 1.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 1.26. The company’s 50-day moving average is $82.00 and its two-hundred day moving average is $73.33.

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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