Zacks Research Brokers Cut Earnings Estimates for Autoliv

Autoliv, Inc. (NYSE:ALV) – Zacks Research lowered their FY2024 EPS estimates for shares of Autoliv in a research note issued on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the auto parts company will post earnings of $8.08 per share for the year, down from their prior estimate 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.

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

Other analysts have also recently issued reports about the stock. Barclays reduced their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Wells Fargo & Company lowered their target price on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Wolfe Research initiated coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target for the company. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Robert W. Baird lifted their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Price Performance

NYSE ALV opened at $101.57 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $8.00 billion, a P/E ratio of 13.23, a PEG ratio of 0.89 and a beta of 1.59. The company has a 50-day moving average price of $95.63 and a 200-day moving average price of $103.71. Autoliv has a 52 week low of $89.51 and a 52 week high of $129.38.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is 35.42%.

Institutional Investors Weigh In On Autoliv

A number of hedge funds have recently made changes to their positions in ALV. Virtu Financial LLC bought a new stake in Autoliv in the 3rd quarter worth approximately $1,684,000. Fortem Financial Group LLC bought a new stake in Autoliv in the third quarter worth $609,000. Neo Ivy Capital Management increased its position in Autoliv by 226.6% in the third quarter. Neo Ivy Capital Management now owns 19,842 shares of the auto parts company’s stock worth $1,852,000 after purchasing an additional 13,766 shares during the last quarter. Geode Capital Management LLC raised its stake in Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after purchasing an additional 95,888 shares in the last quarter. Finally, Barclays PLC lifted its position in Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after purchasing an additional 8,859 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

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.