Analysts Anticipate Autoliv Inc. (NYSE:ALV) Will Post Earnings of $1.45 Per Share

Equities analysts expect Autoliv Inc. (NYSE:ALV) to announce $1.45 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Autoliv’s earnings, with the highest EPS estimate coming in at $1.46 and the lowest estimate coming in at $1.44. Autoliv posted earnings of $1.35 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.4%. The business is expected to announce its next earnings report on Friday, October 25th.

According to Zacks, analysts expect that Autoliv will report full-year earnings of $5.94 per share for the current year, with EPS estimates ranging from $5.89 to $6.02. For the next year, analysts anticipate that the business will report earnings of $6.88 per share, with EPS estimates ranging from $6.40 to $7.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Autoliv.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Autoliv had a return on equity of 23.49% and a net margin of 2.89%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.22 earnings per share.

ALV has been the subject of a number of research reports. ValuEngine raised Autoliv from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Robert W. Baird raised Autoliv from an “underperform” rating to a “neutral” rating and set a $74.00 price objective for the company in a research report on Monday, July 15th. JPMorgan Chase & Co. reduced their price objective on Autoliv from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Buckingham Research reduced their price objective on Autoliv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Finally, Mizuho reissued a “hold” rating and set a $80.00 price objective on shares of Autoliv in a research report on Monday, July 22nd. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.49.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALV. Mirova acquired a new position in Autoliv in the 2nd quarter worth $160,000. Commonwealth Bank of Australia boosted its holdings in Autoliv by 24.3% during the second quarter. Commonwealth Bank of Australia now owns 19,810 shares of the auto parts company’s stock worth $1,393,000 after purchasing an additional 3,877 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Autoliv by 37.8% during the second quarter. Renaissance Technologies LLC now owns 108,600 shares of the auto parts company’s stock worth $7,657,000 after purchasing an additional 29,800 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Autoliv during the second quarter worth about $413,000. Finally, M&T Bank Corp boosted its holdings in Autoliv by 5.3% during the second quarter. M&T Bank Corp now owns 11,221 shares of the auto parts company’s stock worth $791,000 after purchasing an additional 562 shares during the last quarter. Institutional investors own 35.98% of the company’s stock.

ALV traded up $0.81 during trading on Thursday, reaching $67.84. 23,189 shares of the stock traded hands, compared to its average volume of 674,138. The stock has a market cap of $5.96 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.47 and a beta of 1.50. Autoliv has a fifty-two week low of $61.07 and a fifty-two week high of $95.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.96 and a current ratio of 1.26. The firm’s 50-day moving average price is $69.83.

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.

Recommended Story: What is Liquidity?

Get a free copy of the Zacks research report on Autoliv (ALV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Autoliv (NYSE:ALV)

Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.