Autoliv Inc. (ALV) Announces Quarterly Earnings Results
Autoliv Inc. (NYSE:ALV) released its earnings results on Thursday. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.38 by $0.25. Autoliv had a net margin of 5.59% and a return on equity of 14.99%. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the firm earned $1.53 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year.
Autoliv (NYSE:ALV) traded down 0.08% during midday trading on Friday, reaching $96.40. 447,474 shares of the company traded hands. The stock’s 50 day moving average is $104.26 and its 200 day moving average is $105.49. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 15.02 and a beta of 1.17. Autoliv has a one year low of $93.31 and a one year high of $126.31.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Wednesday, May 17th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, May 15th. This is an increase from Autoliv’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 2.49%. Autoliv’s dividend payout ratio (DPR) is currently 36.14%.
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ALV has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Autoliv in a report on Monday, March 13th. They issued an “underperform” rating and a $85.00 target price on the stock. Zacks Investment Research lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. BMO Capital Markets initiated coverage on shares of Autoliv in a report on Tuesday, December 20th. They issued an “outperform” rating and a $131.00 target price on the stock. KeyCorp raised shares of Autoliv from a “sector weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a report on Wednesday, February 8th. Finally, Mizuho initiated coverage on shares of Autoliv in a report on Thursday, March 2nd. They issued a “neutral” rating and a $115.00 target price on the stock. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $105.29.
In other Autoliv news, insider Johan Lofvenholm sold 876 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $104.45, for a total transaction of $91,498.20. Following the sale, the insider now directly owns 3,798 shares of the company’s stock, valued at $396,701.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 1,576 shares of company stock worth $165,527. Insiders own 0.27% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the company’s stock valued at $125,000 after buying an additional 4 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in Autoliv by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,226 shares of the company’s stock valued at $215,000 after buying an additional 44 shares during the period. Hartford Investment Management Co. increased its stake in Autoliv by 4.1% in the second quarter. Hartford Investment Management Co. now owns 1,862 shares of the company’s stock valued at $200,000 after buying an additional 73 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in Autoliv by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,822 shares of the company’s stock valued at $840,000 after buying an additional 74 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Autoliv by 0.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,096 shares of the company’s stock valued at $1,142,000 after buying an additional 85 shares during the period. 32.01% of the stock is currently owned by institutional investors and hedge funds.
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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