Autoliv, Inc. Announces Quarterly Dividend of $0.87 (NYSE:ALV)

Key Points

• Autoliv declared a quarterly dividend of $0.87 per share, payable September 15 to shareholders of record on August 28. The dividend equates to $3.48 annually and a 2.9% yield, with a payout ratio of 33.1%.
• In its latest quarter, Autoliv reported $2.43 in EPS, slightly below the $2.46 analyst estimate, while revenue of $2.80 billion exceeded expectations and rose 3.3% year over year.
• Analysts maintain a Moderate Buy consensus, with eight Buy ratings and five Holds and an average price target of $135.93, above the reported share price of $121.38.

Autoliv, Inc. (NYSE:ALV - Get Free Report) declared a quarterly dividend on Thursday, August 13th. Investors of record on Friday, August 28th will be given a dividend of 0.87 per share by the auto parts company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, August 28th.

Autoliv has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Autoliv has a dividend payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Autoliv to earn $11.60 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 30.0%.

Autoliv Price Performance

ALV traded up $0.56 during midday trading on Thursday, reaching $121.38. 366,894 shares of the company's stock were exchanged, compared to its average volume of 765,090. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $121.19 and a two-hundred day simple moving average of $118.22. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. Autoliv has a one year low of $99.16 and a one year high of $132.17.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.46 by ($0.03). The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 earnings per share. As a group, research analysts predict that Autoliv will post 10.04 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group raised Autoliv to a "hold" rating in a report on Monday, June 15th. Wells Fargo & Company upped their target price on shares of Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a report on Thursday, June 25th. UBS Group increased their target price on shares of Autoliv from $110.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, June 15th. Wall Street Zen downgraded shares of Autoliv from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Finally, Robert W. Baird boosted their price target on shares of Autoliv from $119.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.93.

Autoliv Company Profile

Autoliv Inc NYSE: ALV is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux's automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

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