Autoliv (NYSE:ALV) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Autoliv (NYSE:ALV) issued its quarterly earnings data on Friday. The auto parts company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.01, MarketWatch Earnings reports. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.15 billion. Autoliv had a return on equity of 23.67% and a net margin of 2.89%. Autoliv’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 earnings per share. Autoliv updated its FY 2019 guidance to EPS.

Shares of Autoliv stock opened at $71.89 on Monday. The firm has a 50-day simple moving average of $67.27. Autoliv has a 52 week low of $61.07 and a 52 week high of $105.22. The stock has a market capitalization of $6.27 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.52. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 0.81.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.45%. Autoliv’s payout ratio is 36.31%.

Several institutional investors have recently made changes to their positions in ALV. Bank of New York Mellon Corp lifted its position in shares of Autoliv by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 190,699 shares of the auto parts company’s stock valued at $13,392,000 after acquiring an additional 8,151 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Autoliv by 87.1% in the fourth quarter. Advisor Group Inc. now owns 3,034 shares of the auto parts company’s stock worth $215,000 after buying an additional 1,412 shares in the last quarter. Northern Trust Corp lifted its position in shares of Autoliv by 2.0% in the fourth quarter. Northern Trust Corp now owns 465,176 shares of the auto parts company’s stock worth $32,669,000 after buying an additional 9,226 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Autoliv by 13.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,802 shares of the auto parts company’s stock worth $79,351,000 after buying an additional 138,176 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Autoliv by 9.7% in the fourth quarter. Geode Capital Management LLC now owns 718,219 shares of the auto parts company’s stock worth $50,400,000 after buying an additional 63,644 shares in the last quarter. Institutional investors and hedge funds own 35.96% of the company’s stock.

Several equities analysts recently weighed in on ALV shares. Robert W. Baird upgraded Autoliv from an “underperform” rating to a “neutral” rating and set a $74.00 target price on the stock in a research report on Monday, July 15th. Royal Bank of Canada upgraded Snap from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $10.00 to $17.00 in a research report on Friday, April 5th. Buckingham Research lifted their target price on Sonic Automotive from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Barclays reiterated a “sell” rating and set a $57.00 target price on shares of Autoliv in a research report on Sunday, March 31st. Finally, Mizuho reiterated a “hold” rating and set a $80.00 target price on shares of Autoliv in a research report on Monday. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $85.33.

Autoliv Company Profile

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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Earnings History for Autoliv (NYSE:ALV)

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