Zacks Research Issues Negative Estimate for Autoliv Earnings

Autoliv, Inc. (NYSE:ALV) – Investment analysts at Zacks Research dropped their FY2024 earnings per share estimates for Autoliv in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the auto parts company will post earnings per share of $8.08 for the year, down from their prior forecast of $8.09. The consensus estimate for Autoliv’s current full-year earnings is $8.19 per share. Zacks Research also issued estimates for Autoliv’s Q4 2024 earnings at $2.79 EPS, Q1 2025 earnings at $2.06 EPS, Q2 2025 earnings at $2.45 EPS, FY2025 earnings at $9.94 EPS, Q2 2026 earnings at $2.81 EPS, Q3 2026 earnings at $2.78 EPS and FY2026 earnings at $11.07 EPS.

Several other research analysts also recently weighed in on the company. Bank of America cut their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Robert W. Baird increased their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Wolfe Research began coverage on shares of Autoliv in a research note on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective on the stock. Finally, Barclays dropped their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.77.

Autoliv Price Performance

Shares of NYSE:ALV opened at $99.29 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 12 month low of $89.51 and a 12 month high of $129.38. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.59. The business’s 50 day simple moving average is $95.76 and its 200-day simple moving average is $103.54.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $1.66 EPS. The business’s revenue was down 1.6% on a year-over-year basis.

Institutional Trading of Autoliv

Several hedge funds and other institutional investors have recently modified their holdings of ALV. GAMMA Investing LLC raised its position in shares of Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. Quarry LP increased its position in Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares during the period. Fred Alger Management LLC bought a new stake in shares of Autoliv in the 3rd quarter valued at $45,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Autoliv by 14.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares during the last quarter. Finally, Wahed Invest LLC boosted its stake in Autoliv by 13.6% during the first quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock worth $175,000 after acquiring an additional 174 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio (DPR) is 36.46%.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.