Autoliv Inc. (NYSE:ALV) announced a quarterly dividend on Tuesday, December 12th, Zacks reports. Shareholders of record on Thursday, February 22nd will be paid a dividend of 0.60 per share by the auto parts company on Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, February 21st.
Autoliv has increased its dividend by an average of 3.9% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Autoliv has a dividend payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Autoliv to earn $8.79 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 27.3%.
Shares of Autoliv (NYSE:ALV) opened at $145.81 on Tuesday. The company has a market cap of $12,685.47, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23. Autoliv has a 12 month low of $96.08 and a 12 month high of $152.57.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.29. The firm 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 13.86%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.71 earnings per share. equities research analysts expect that Autoliv will post 7.37 EPS for the current year.
A number of brokerages have commented on ALV. BMO Capital Markets increased their price target 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. Guggenheim reiterated a “hold” rating and issued a $150.00 price target on shares of Autoliv in a research note on Wednesday, January 31st. Barclays increased their price target 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. Royal Bank of Canada increased their price target on shares of Autoliv to $142.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Finally, Robert W. Baird upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and increased their price target for the company from $137.00 to $192.00 in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $125.25.
In related news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is currently owned by company insiders.
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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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