Autoliv, Inc. (NYSE:ALV) – Research analysts at Jefferies Group dropped their FY2018 EPS estimates for Autoliv in a research report issued on Tuesday. Jefferies Group analyst A. Kurian now forecasts that the auto parts company will post earnings per share of $6.93 for the year, down from their prior forecast of $7.05. Jefferies Group currently has a “Buy” rating and a $119.00 target price on the stock. Jefferies Group also issued estimates for Autoliv’s FY2019 earnings at $7.97 EPS and FY2020 earnings at $9.33 EPS.
Several other equities analysts also recently commented on ALV. Zacks Investment Research upgraded shares of Autoliv from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Morgan Stanley upgraded shares of Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Wednesday, May 24th. Guggenheim initiated coverage on shares of Autoliv in a report on Wednesday, June 21st. They issued a “neutral” rating and a $102.00 price objective on the stock. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, CLSA initiated coverage on shares of Autoliv in a report on Thursday, June 22nd. They issued a “hold” rating and a $102.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.20.
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Shares of Autoliv (NYSE:ALV) opened at 125.45 on Thursday. Autoliv has a one year low of $93.31 and a one year high of $127.72. The firm has a 50-day moving average of $109.21 and a 200-day moving average of $106.86. The company has a market capitalization of $10.90 billion, a P/E ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company earned $1.75 earnings per share. Autoliv’s revenue for the quarter was down 1.3% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of ALV. Strs Ohio lifted its position in Autoliv by 6.4% during the first quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock worth $1,090,000 after purchasing an additional 637 shares during the period. Russell Investments Group Ltd. lifted its position in Autoliv by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock worth $1,100,000 after purchasing an additional 1,007 shares during the period. Canada Pension Plan Investment Board lifted its position in Autoliv by 356.7% during the first quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock worth $2,393,000 after purchasing an additional 18,275 shares during the period. Great West Life Assurance Co. Can lifted its position in Autoliv by 1.9% during the first quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock worth $5,450,000 after purchasing an additional 980 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in Autoliv by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock worth $984,000 after purchasing an additional 400 shares during the period. 34.76% of the stock is owned by institutional investors and hedge funds.
In related news, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the sale, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 annualized dividend and a yield of 1.91%. Autoliv’s dividend payout ratio is 37.97%.
Autoliv Company Profile
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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