FY2024 EPS Estimates for Autoliv Decreased by Zacks Research

Autoliv, Inc. (NYSE:ALV) – Equities researchers at Zacks Research reduced their FY2024 EPS estimates for Autoliv in a research note issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the auto parts company will earn $8.08 per share for the year, down from their previous forecast of $8.09. The consensus estimate for Autoliv’s current full-year earnings is $8.19 per share. Zacks Research also issued estimates for Autoliv’s Q4 2024 earnings at $2.79 EPS, Q1 2025 earnings at $2.06 EPS, Q2 2025 earnings at $2.45 EPS, FY2025 earnings at $9.94 EPS, Q2 2026 earnings at $2.81 EPS, Q3 2026 earnings at $2.78 EPS and FY2026 earnings at $11.07 EPS.

Several other research firms also recently commented on ALV. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Wells Fargo & Company cut their price target on shares of Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a report on Monday, October 21st. Wolfe Research began coverage on shares of Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price on the stock. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Barclays dropped their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.77.

Autoliv Trading Down 2.2 %

Shares of Autoliv stock opened at $99.29 on Monday. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38. The firm has a market cap of $7.82 billion, a PE ratio of 12.93, a PEG ratio of 0.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a 50 day simple moving average of $95.76 and a two-hundred day simple moving average of $103.54.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business earned $1.66 EPS. Autoliv’s revenue for the quarter was down 1.6% compared to the same quarter last year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.82%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is currently 36.46%.

Institutional Investors Weigh In On Autoliv

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 101 shares during the period. Quarry LP lifted its holdings in Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares during the period. Fred Alger Management LLC acquired a new position in Autoliv in the third quarter valued at approximately $45,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 117 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in Autoliv in the second quarter valued at approximately $156,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

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.