Autoliv (NYSE:ALV) Announces Quarterly Earnings Results

Autoliv (NYSE:ALV - Get Free Report) announced its quarterly earnings results on Wednesday. The auto parts company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.43, Zacks reports. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The firm had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the business posted $1.58 earnings per share.

Autoliv Trading Down 1.4 %

NYSE ALV traded down $1.20 during trading on Monday, reaching $85.14. 194,266 shares of the stock traded hands, compared to its average volume of 818,406. The stock's 50-day moving average price is $90.74 and its 200 day moving average price is $94.34. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. Autoliv has a fifty-two week low of $75.49 and a fifty-two week high of $129.38.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv's payout ratio is 32.22%.

Insider Transactions at Autoliv

In related 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 completion of the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at approximately $720,218.59. The trade was a 19.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the sale, the chief executive officer now owns 23,307 shares in the company, valued at $2,305,062.30. This trade represents a 19.82 % 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 valued at $915,534 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Hsbc Global Res downgraded shares of Autoliv from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Barclays boosted their target price on Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a report on Monday. Cowen began coverage on Autoliv in a research report on Thursday, March 6th. They issued a "buy" rating for the company. Mizuho lowered their target price on Autoliv from $112.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company reduced their price target on shares of Autoliv from $84.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Thursday. Eight equities research 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $113.21.

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.