Zacks Research Analysts Boost Earnings Estimates for Autoliv, Inc. (NYSE:ALV)

Autoliv, Inc. (NYSE:ALV) – Investment analysts at Zacks Research increased their Q2 2024 earnings per share estimates for Autoliv in a report released on Tuesday, April 2nd. Zacks Research analyst R. Department now expects that the auto parts company will earn $2.37 per share for the quarter, up from their previous estimate of $2.34. The consensus estimate for Autoliv’s current full-year earnings is $9.75 per share. Zacks Research also issued estimates for Autoliv’s Q3 2024 earnings at $2.73 EPS, FY2024 earnings at $9.75 EPS, Q4 2025 earnings at $3.62 EPS and Q1 2026 earnings at $2.88 EPS.

Several other research analysts have also weighed in on the company. Wells Fargo & Company lifted their price objective on Autoliv from $101.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 12th. Mizuho increased their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Finally, Barclays increased their price objective on shares of Autoliv from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $114.00.

Autoliv Trading Down 1.9 %

ALV opened at $118.25 on Wednesday. The stock has a market cap of $9.63 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.52. Autoliv has a twelve month low of $79.66 and a twelve month high of $124.38. The company has a fifty day moving average of $114.56 and a 200-day moving average of $105.29.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.37. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.83 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALV. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Autoliv during the 4th quarter worth $27,000. Rise Advisors LLC increased its holdings in Autoliv by 84.1% during the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after buying an additional 122 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Autoliv in the third quarter worth about $46,000. New York State Common Retirement Fund purchased a new position in Autoliv in the first quarter valued at about $49,000. Finally, Parallel Advisors LLC grew its position in shares of Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 223 shares during the period. Institutional investors own 69.57% of the company’s stock.

Insider Activity at Autoliv

In other Autoliv news, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the transaction, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Colin Naughton sold 782 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total value of $86,551.76. Following the completion of the transaction, the insider now directly owns 5,594 shares of the company’s stock, valued at $619,143.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Mikael Hagstrom sold 327 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total value of $35,868.63. Following the sale, the vice president now directly owns 327 shares of the company’s stock, valued at $35,868.63. The disclosure for this sale can be found here. In the last three months, insiders sold 8,388 shares of company stock valued at $921,757. 0.24% of the stock is owned by insiders.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were issued a dividend of $0.68 per share. The ex-dividend date was Monday, March 11th. This represents a $2.72 annualized dividend and a yield of 2.30%. Autoliv’s dividend payout ratio (DPR) is currently 47.30%.

About Autoliv

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.