$2.09 Billion in Sales Expected for Autoliv Inc. (NYSE:ALV) This Quarter

Analysts forecast that Autoliv Inc. (NYSE:ALV) will announce sales of $2.09 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Autoliv’s earnings, with the highest sales estimate coming in at $2.09 billion and the lowest estimate coming in at $2.08 billion. Autoliv posted sales of $2.03 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The firm is expected to issue its next earnings report on Friday, October 25th.

On average, analysts expect that Autoliv will report full year sales of $8.66 billion for the current financial year, with estimates ranging from $8.62 billion to $8.73 billion. For the next financial year, analysts expect that the firm will report sales of $9.01 billion, with estimates ranging from $8.90 billion to $9.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Autoliv.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 19th. The auto parts company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.01. Autoliv had a return on equity of 23.49% and a net margin of 2.89%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the firm earned $2.22 EPS. Autoliv’s revenue for the quarter was down 2.6% compared to the same quarter last year.

ALV has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Autoliv from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Buckingham Research cut their price target on Autoliv from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Nordea Equity Research upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Zacks Investment Research lowered Autoliv from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, Barclays set a $50.00 price target on Autoliv and gave the stock a “sell” rating in a research note on Friday, July 19th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Autoliv presently has a consensus rating of “Hold” and an average price target of $83.49.

Autoliv stock traded down $1.72 during trading on Friday, reaching $63.30. The company had a trading volume of 519,859 shares, compared to its average volume of 633,819. Autoliv has a 52 week low of $61.07 and a 52 week high of $95.82. The business’s 50-day moving average is $69.78. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.26 and a quick ratio of 0.96.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. bought a new stake in shares of Autoliv during the second quarter valued at approximately $30,000. Icon Wealth Partners LLC bought a new position in Autoliv in the first quarter worth approximately $57,000. Financial Gravity Wealth Inc. raised its stake in Autoliv by 495.4% in the second quarter. Financial Gravity Wealth Inc. now owns 774 shares of the auto parts company’s stock worth $55,000 after buying an additional 644 shares in the last quarter. Pearl River Capital LLC bought a new position in Autoliv in the first quarter worth approximately $132,000. Finally, Mirova bought a new position in Autoliv in the second quarter worth approximately $160,000. Institutional investors own 35.98% of the company’s stock.

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 and Estimates for Autoliv (NYSE:ALV)

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