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

Autoliv (NYSE:ALV) announced its quarterly earnings data on Friday. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.01, MarketWatch Earnings reports. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Autoliv had a return on equity of 27.29% and a net margin of 2.03%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $2.22 earnings per share. Autoliv updated its FY 2019 guidance to EPS.

ALV opened at $71.89 on Friday. The business’s 50-day moving average price is $67.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.14 and a quick ratio of 0.87. Autoliv has a one year low of $61.07 and a one year high of $105.22. The firm has a market capitalization of $6.27 billion, a PE ratio of 13.44, a P/E/G ratio of 1.43 and a beta of 1.51.

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

Several institutional investors and hedge funds have recently bought and sold shares of ALV. FIL Ltd increased its position in shares of Autoliv by 495.5% during the first quarter. FIL Ltd now owns 1,070,843 shares of the auto parts company’s stock worth $78,738,000 after purchasing an additional 891,035 shares in the last quarter. Norges Bank acquired a new stake in shares of Autoliv during the fourth quarter worth about $47,801,000. Nordea Investment Management AB increased its position in shares of Autoliv by 166.7% during the first quarter. Nordea Investment Management AB now owns 663,371 shares of the auto parts company’s stock worth $48,779,000 after purchasing an additional 414,664 shares in the last quarter. FMR LLC increased its position in shares of Autoliv by 13.5% during the first quarter. FMR LLC now owns 2,237,425 shares of the auto parts company’s stock worth $164,518,000 after purchasing an additional 266,418 shares in the last quarter. Finally, Lancaster Investment Management LLP grew its holdings in shares of Autoliv by 28.0% during the first quarter. Lancaster Investment Management LLP now owns 776,912 shares of the auto parts company’s stock worth $57,126,000 after buying an additional 169,771 shares during the last quarter. Institutional investors and hedge funds own 35.97% of the company’s stock.

Several analysts have recently issued reports on ALV shares. Zacks Investment Research cut Genprex from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Royal Bank of Canada upgraded Snap from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $10.00 to $17.00 in a research note on Friday, April 5th. Barclays restated a “sell” rating and issued a $57.00 price target on shares of Autoliv in a research note on Sunday, March 31st. Robert W. Baird upgraded Autoliv from an “underperform” rating to a “neutral” rating and set a $74.00 price target on the stock in a research note on Monday, July 15th. Finally, Nordea Equity Research cut Autoliv from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $85.33.

About Autoliv

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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