Autoliv (NYSE:ALV) Releases Earnings Results, Beats Expectations By $0.22 EPS

Key Points

• Autoliv reported quarterly earnings of $2.32 per share, exceeding analysts' expectations by $0.32.
• The company's net margin stood at 6.83%, with a return on equity of 30.73%.
• Institutional investors own approximately 69.57% of Autoliv's stock, with several hedge funds increasing their positions in the second quarter.

Autoliv (NYSE:ALV - Get Free Report) posted its quarterly earnings data on Friday. The auto parts company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.10 by $0.22, Zacks reports. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the firm posted $1.84 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis.

Autoliv Stock Down 2.5%

ALV opened at $118.15 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. The company's 50-day moving average is $122.94 and its 200 day moving average is $109.78. Autoliv has a fifty-two week low of $75.49 and a fifty-two week high of $129.54. The firm has a market capitalization of $9.08 billion, a P/E ratio of 12.93, a PEG ratio of 0.96 and a beta of 1.33.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research analyst reports. Robert W. Baird cut their target price on shares of Autoliv from $126.00 to $124.00 and set a "neutral" rating on the stock in a research note on Monday, July 21st. Barclays increased their target price on shares of Autoliv from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Autoliv in a research note on Friday, October 10th. Finally, Mizuho increased their target price on shares of Autoliv from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $127.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of Autoliv by 121.6% during the second quarter. AQR Capital Management LLC now owns 367,049 shares of the auto parts company's stock valued at $41,073,000 after purchasing an additional 201,423 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Autoliv during the second quarter valued at about $34,816,000. Goldman Sachs Group Inc. lifted its position in shares of Autoliv by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company's stock valued at $16,935,000 after purchasing an additional 89,918 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Autoliv by 14.2% during the second quarter. California Public Employees Retirement System now owns 133,923 shares of the auto parts company's stock valued at $14,986,000 after purchasing an additional 16,665 shares in the last quarter. Finally, Holocene Advisors LP increased its holdings in Autoliv by 664.3% during the second quarter. Holocene Advisors LP now owns 110,736 shares of the auto parts company's stock worth $12,391,000 after buying an additional 96,248 shares during the last quarter. 69.57% of the stock is owned by 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.