Equities Analysts Set Expectations for Autoliv, Inc.’s Q1 2024 Earnings (NYSE:ALV)

Posted by Defense World Staff on Jun 23rd, 2023

Autoliv, Inc. (NYSE:ALV – Get Rating) – Research analysts at Zacks Research dropped their Q1 2024 EPS estimates for Autoliv in a report issued on Tuesday, June 20th. Zacks Research analyst R. Singhi now forecasts that the auto parts company will post earnings of $1.67 per share for the quarter, down from their previous estimate of $1.75. The consensus estimate for Autoliv’s current full-year earnings is $6.34 per share.

A number of other equities analysts have also recently commented on ALV. The Goldman Sachs Group decreased their target price on shares of Autoliv from $114.00 to $113.00 in a research report on Monday, April 24th. 92 Resources restated a “reiterates” rating on shares of Autoliv in a research report on Wednesday, June 14th. Citigroup lowered their price objective on Autoliv from $97.00 to $93.00 in a research report on Monday, April 24th. Robert W. Baird cut their price target on shares of Autoliv from $101.00 to $99.00 in a report on Monday, April 24th. Finally, StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Autoliv presently has a consensus rating of “Hold” and a consensus target price of $98.54.

Autoliv Trading Down 0.4 %

ALV stock opened at $83.86 on Thursday. The company has a market capitalization of $7.20 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.87 and a current ratio of 1.15. Autoliv has a one year low of $65.74 and a one year high of $96.49. The company’s 50 day moving average price is $86.48 and its two-hundred day moving average price is $86.20.

Autoliv (NYSE:ALV – Get Rating) last announced its quarterly earnings data on Friday, April 21st. The auto parts company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Autoliv had a return on equity of 16.30% and a net margin of 4.51%. Autoliv’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALV. US Bancorp DE grew its position in shares of Autoliv by 3.1% during the 1st quarter. US Bancorp DE now owns 3,942 shares of the auto parts company’s stock valued at $368,000 after acquiring an additional 117 shares during the period. Prospera Financial Services Inc lifted its stake in shares of Autoliv by 3.8% during the 1st quarter. Prospera Financial Services Inc now owns 3,229 shares of the auto parts company’s stock valued at $301,000 after buying an additional 118 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Autoliv by 33.3% during the fourth quarter. Quadrant Capital Group LLC now owns 553 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 138 shares in the last quarter. Greenleaf Trust raised its position in shares of Autoliv by 3.1% during the fourth quarter. Greenleaf Trust now owns 5,417 shares of the auto parts company’s stock valued at $415,000 after buying an additional 164 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Autoliv by 52.5% in the fourth quarter. Signaturefd LLC now owns 526 shares of the auto parts company’s stock worth $40,000 after buying an additional 181 shares in the last quarter. 57.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 2,614 shares of Autoliv stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $88.98, for a total value of $232,593.72. Following the completion of the sale, the director now owns 77,493 shares of the company’s stock, valued at approximately $6,895,327.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were paid a dividend of $0.66 per share. The ex-dividend date was Wednesday, May 24th. This represents a $2.64 annualized dividend and a yield of 3.15%. Autoliv’s dividend payout ratio is 55.23%.

About Autoliv

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Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels. It also supplies anti-whiplash systems and pedestrian protection systems.