Autoliv (NYSE:ALV) Releases Earnings Results, Beats Expectations By $0.43 EPS

Autoliv (NYSE:ALV) posted its quarterly earnings data on Wednesday. The auto parts company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.43, Zacks reports. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same quarter in the previous year, the company posted $1.58 EPS.

Autoliv Price Performance

Shares of NYSE ALV opened at $86.40 on Friday. The company has a fifty day moving average price of $90.87 and a 200 day moving average price of $94.37. Autoliv has a 1-year low of $75.49 and a 1-year high of $129.38. The firm has a market cap of $6.69 billion, a PE ratio of 10.71, a PEG ratio of 0.73 and a beta of 1.47. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s dividend payout ratio is 32.22%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ALV shares. TD Cowen began coverage on Autoliv in a research note on Friday, March 7th. They set a “buy” rating and a $116.00 price target on the stock. Robert W. Baird reduced their target price on shares of Autoliv from $105.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday. Daiwa America raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, HSBC cut shares of Autoliv from a “buy” rating to a “hold” rating and dropped their target price for the company from $109.00 to $100.00 in a research report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.64.

Insider Activity

In other Autoliv news, CFO Fredrik Westin sold 1,803 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the sale, the chief financial officer now owns 7,261 shares in the company, valued at approximately $720,218.59. The trade was a 19.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Per Jonas Jademyr sold 401 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares of the company’s stock, valued at $67,712.25. This represents a 36.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock worth $915,534 over the last three months. Corporate insiders own 0.20% of the company’s stock.

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.