Autoliv (NYSE:ALV) announced a quarterly dividend on Wednesday, February 14th, NASDAQ reports. Investors of record on Wednesday, May 23rd will be given a dividend of 0.62 per share by the auto parts company on Thursday, June 7th. This represents a $2.48 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, May 22nd. This is a positive change from Autoliv’s previous quarterly dividend of $0.60.
Autoliv has increased its dividend payment by an average of 3.9% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Autoliv has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Autoliv to earn $8.78 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%.
Autoliv opened at $146.23 on Thursday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.55. Autoliv has a 1-year low of $144.70 and a 1-year high of $145.26. The stock has a market capitalization of $12.68 billion, a P/E ratio of 22.08, a PEG ratio of 2.06 and a beta of 1.28.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, April 27th. The auto parts company reported $1.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.15). Autoliv had a return on equity of 13.63% and a net margin of 3.87%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. sell-side analysts expect that Autoliv will post 7.33 EPS for the current fiscal year.
In other news, insider Johan Lofvenholm sold 280 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $143.30, for a total transaction of $40,124.00. Following the transaction, the insider now directly owns 10,954 shares in the company, valued at $1,569,708.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.
A number of research firms recently weighed in on ALV. Guggenheim reissued a “hold” rating and issued a $150.00 price objective on shares of Autoliv in a research report on Wednesday, January 31st. Barclays increased their price objective on shares of Autoliv from $94.00 to $106.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Robert W. Baird reissued a “buy” rating and issued a $194.00 price objective on shares of Autoliv in a research report on Tuesday, April 17th. ValuEngine lowered shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Susquehanna Bancshares set a $137.00 target price on shares of Autoliv and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $135.48.
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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