Wall Street brokerages forecast that Autoliv Inc. (NYSE:ALV) will post sales of $1.90 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Autoliv's earnings, with the lowest sales estimate coming in at $1.84 billion and the highest estimate coming in at $1.95 billion. Autoliv reported sales of $2.03 billion during the same quarter last year, which indicates a negative year over year growth rate of 6.4%. The firm is scheduled to report its next earnings results before the market opens on Friday, October 23rd.
According to Zacks, analysts expect that Autoliv will report full year sales of $7.06 billion for the current financial year, with estimates ranging from $6.90 billion to $7.31 billion. For the next financial year, analysts expect that the firm will report sales of $8.45 billion, with estimates ranging from $8.14 billion to $8.82 billion. Zacks' sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Autoliv.
Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, July 17th. The auto parts company reported ($1.40) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($1.41) by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.08 billion. Autoliv had a return on equity of 11.26% and a net margin of 1.98%. The company's revenue for the quarter was down 51.4% on a year-over-year basis. During the same period last year, the company earned $1.38 earnings per share.
A number of research analysts have recently weighed in on ALV shares. Goldman Sachs Group started coverage on Autoliv in a research report on Thursday, July 9th. They issued a "buy" rating and a $81.00 price target for the company. Kepler Capital Markets cut Autoliv from a "buy" rating to a "hold" rating and set a $75.00 price target for the company. in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Autoliv from $65.00 to $85.00 and gave the company a "hold" rating in a research report on Tuesday, October 13th. Exane BNP Paribas cut Autoliv from an "outperform" rating to a "neutral" rating and set a $77.00 price target for the company. in a research report on Wednesday, September 23rd. Finally, BNP Paribas cut Autoliv from an "outperform" rating to a "neutral" rating and set a $77.00 price target for the company. in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of "Hold" and an average price target of $72.42.
A number of large investors have recently modified their holdings of ALV. Parametric Portfolio Associates LLC boosted its stake in Autoliv by 28.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 88,776 shares of the auto parts company's stock worth $4,085,000 after buying an additional 19,843 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Autoliv by 5.5% in the 1st quarter. Janus Henderson Group PLC now owns 191,429 shares of the auto parts company's stock worth $8,811,000 after buying an additional 9,978 shares during the last quarter. Geode Capital Management LLC boosted its stake in Autoliv by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 697,152 shares of the auto parts company's stock worth $32,040,000 after buying an additional 10,952 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Autoliv in the 1st quarter worth about $272,000. Finally, APG Asset Management N.V. boosted its stake in Autoliv by 67.8% in the 1st quarter. APG Asset Management N.V. now owns 91,925 shares of the auto parts company's stock worth $4,229,000 after buying an additional 37,131 shares during the last quarter. 37.32% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ALV opened at $83.10 on Friday. Autoliv has a 1 year low of $38.16 and a 1 year high of $87.01. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 51.30 and a beta of 1.94. The stock has a fifty day moving average price of $77.14 and a two-hundred day moving average price of $66.31. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.22 and a current ratio of 1.57.
Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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