Autoliv Inc. (ALV) Posts Earnings Results, Beats Expectations By $0.26 EPS
Autoliv Inc. (NYSE:ALV) posted its quarterly earnings data on Thursday. The company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.26. The firm earned $2.46 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS.
Shares of Autoliv (NYSE:ALV) opened at 103.25 on Thursday. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 16.11 and a beta of 1.29. The firm’s 50-day moving average price is $104.09 and its 200 day moving average price is $111.44. Autoliv has a 1-year low of $95.34 and a 1-year high of $129.37.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.58 per share. The ex-dividend date is Monday, November 14th. This represents a $2.32 annualized dividend and a yield of 2.25%. Autoliv’s dividend payout ratio (DPR) is currently 36.19%.
Several large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its stake in shares of Autoliv by 0.5% in the second quarter. Mackenzie Financial Corp now owns 3,353 shares of the company’s stock worth $360,000 after buying an additional 18 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Autoliv by 10.3% in the second quarter. Pacer Advisors Inc. now owns 1,630 shares of the company’s stock worth $175,000 after buying an additional 152 shares in the last quarter. BlackRock Investment Management LLC increased its stake in shares of Autoliv by 3.1% in the second quarter. BlackRock Investment Management LLC now owns 9,959 shares of the company’s stock worth $1,070,000 after buying an additional 304 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Autoliv by 6.7% in the second quarter. Prudential Financial Inc. now owns 5,171 shares of the company’s stock worth $556,000 after buying an additional 324 shares in the last quarter. Finally, AHL Partners LLP increased its stake in shares of Autoliv by 21.1% in the second quarter. AHL Partners LLP now owns 3,335 shares of the company’s stock worth $359,000 after buying an additional 580 shares in the last quarter. 33.00% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on ALV. Royal Bank Of Canada lowered their price objective on Autoliv from $95.00 to $92.00 and set an “underperform” rating for the company in a research report on Monday, July 25th. Zacks Investment Research raised Autoliv from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Thursday, October 20th. Barclays PLC lowered their price target on Autoliv from $89.00 to $82.00 and set an “underweight” rating for the company in a research report on Monday, July 25th. Piper Jaffray Cos. set a $104.00 price target on Autoliv and gave the stock a “hold” rating in a research report on Monday, July 25th. Finally, Deutsche Bank AG lowered their price target on Autoliv from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Monday, July 25th. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Autoliv currently has an average rating of “Hold” and a consensus target price of C$96.67.
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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