According to Zacks, “Autoliv’s planned joint venture (JV) with Volvo should boost earnings in the long run. The company is under pressure due to stiff competition in passive safety products and customer concentration. Management also expects adjusted operating margins to decline in third-quarter and full-year 2016. However, Autoliv expects to record an improvement in both organic and consolidated sales in 2016. The company has a positive record of earnings surprises in recent quarters.”
ALV has been the subject of several other reports. Piper Jaffray Cos. started coverage on shares of Autoliv in a report on Thursday, June 9th. They set a neutral rating and a $123.00 price objective for the company. Citigroup Inc. decreased their price target on shares of Autoliv from $121.00 to $113.00 and set a neutral rating for the company in a report on Thursday, July 28th. Berenberg Bank initiated coverage on shares of Autoliv in a report on Friday, June 17th. They issued a hold rating and a $109.00 price target for the company. RBC Capital Markets reaffirmed an underperform rating and issued a $92.00 price target (down from $95.00) on shares of Autoliv in a report on Monday, July 25th. Finally, Deutsche Bank AG decreased their price target on shares of Autoliv from $102.00 to $100.00 and set a hold rating for the company in a report on Monday, July 25th. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of C$101.39.
Autoliv (NYSE:ALV) opened at 105.28 on Monday. The firm’s 50-day moving average is $105.94 and its 200 day moving average is $112.82. Autoliv has a 12 month low of $95.34 and a 12 month high of $129.37. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 16.42 and a beta of 1.29.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.04. The company earned $2.58 billion during the quarter, compared to analyst estimates of $2.64 billion. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the business earned $1.62 EPS. Equities analysts predict that Autoliv will post $6.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.20%. Autoliv’s dividend payout ratio (DPR) is 36.19%.
Several hedge funds have recently added to or reduced their stakes in ALV. Eqis Capital Management Inc. increased its stake in Autoliv by 48.4% in the third quarter. Eqis Capital Management Inc. now owns 2,864 shares of the company’s stock worth $306,000 after buying an additional 934 shares during the period. Royal Bank of Canada boosted its position in shares of Autoliv by 6.8% in the second quarter. Royal Bank of Canada now owns 25,396 shares of the company’s stock valued at $2,729,000 after buying an additional 1,627 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Autoliv by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 128,894 shares of the company’s stock valued at $13,850,000 after buying an additional 6,256 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Autoliv by 1.4% in the second quarter. Legal & General Group Plc now owns 388,974 shares of the company’s stock valued at $41,794,000 after buying an additional 5,504 shares in the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of Autoliv during the second quarter valued at about $44,173,000. Institutional investors own 33.07% of the company’s stock.
Autoliv Company Profile
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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