Autoliv Inc. (NYSE:ALV) – Stock analysts at Jefferies Financial Group dropped their FY2018 earnings per share (EPS) estimates for shares of Autoliv in a research note issued on Tuesday, December 4th. Jefferies Financial Group analyst A. Kurian now expects that the auto parts company will post earnings per share of $6.92 for the year, down from their previous forecast of $7.05. Jefferies Financial Group currently has a “Buy” rating and a $100.00 price objective on the stock. Jefferies Financial Group also issued estimates for Autoliv’s FY2020 earnings at $9.07 EPS.
ALV has been the topic of a number of other research reports. Evercore ISI downgraded shares of Autoliv to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Friday, October 12th. Daiwa Capital Markets set a $89.00 price objective on shares of Autoliv and gave the company a “buy” rating in a research report on Monday, October 29th. ValuEngine upgraded shares of Autoliv from a “strong sell” rating to a “sell” rating in a research report on Monday, November 26th. Robert W. Baird downgraded shares of Autoliv from an “outperform” rating to a “neutral” rating in a research report on Monday, October 1st. Finally, Citigroup lowered their price objective on shares of Autoliv from $100.00 to $88.00 and set a “neutral” rating on the stock in a research report on Friday, October 12th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company. Autoliv has a consensus rating of “Hold” and an average price target of $108.00.
Shares of Autoliv stock opened at $77.97 on Thursday. The company has a market cap of $7.51 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.73 and a beta of 1.16. Autoliv has a twelve month low of $75.99 and a twelve month high of $115.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.25.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 26th. The auto parts company reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.23). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.08 billion. Autoliv had a net margin of 3.52% and a return on equity of 20.06%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.64 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALV. JPMorgan Chase & Co. increased its stake in shares of 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 in the last quarter. BlackRock Inc. increased its stake in shares of Autoliv by 6.7% in the second quarter. BlackRock Inc. now owns 2,958,591 shares of the auto parts company’s stock worth $423,729,000 after purchasing an additional 186,407 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Autoliv in the third quarter worth $16,029,000. Vanguard Group Inc. increased its stake in shares of Autoliv by 11.3% in the third quarter. Vanguard Group Inc. now owns 1,616,434 shares of the auto parts company’s stock worth $140,114,000 after purchasing an additional 164,737 shares in the last quarter. Finally, Nuance Investments LLC increased its stake in shares of Autoliv by 75.6% in the third quarter. Nuance Investments LLC now owns 235,376 shares of the auto parts company’s stock worth $20,418,000 after purchasing an additional 101,306 shares in the last quarter. Institutional investors and hedge funds own 31.69% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Friday, February 22nd will be given a $0.62 dividend. The ex-dividend date is Thursday, February 21st. This represents a $2.48 annualized dividend and a yield of 3.18%. Autoliv’s payout ratio is presently 37.69%.
Autoliv Company Profile
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.
Further Reading: What is an SEC Filing?
Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.