FY2024 EPS Estimates for Autoliv Lowered by Zacks Research

Autoliv, Inc. (NYSE:ALV) – Investment analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Autoliv in a report issued on Thursday, November 21st. Zacks Research analyst R. Department now expects that the auto parts company will earn $8.08 per share for the year, down from their prior 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.

Autoliv (NYSE:ALV) last released its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share (EPS) 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 company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $1.66 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year.

ALV has been the topic of several other reports. Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Bank of America cut their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Wolfe Research initiated coverage on Autoliv in a report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 target price for the company. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Price Performance

Shares of NYSE:ALV opened at $98.89 on Monday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.88 and a beta of 1.59. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $95.63 and a 200 day simple moving average of $103.71.

Institutional Trading of Autoliv

Several hedge funds and other institutional investors have recently bought and sold shares of ALV. Virtu Financial LLC acquired a new position in shares of Autoliv during the third quarter valued at about $1,684,000. Fortem Financial Group LLC acquired a new position in Autoliv in the 3rd quarter valued at approximately $609,000. Neo Ivy Capital Management raised its holdings in Autoliv by 226.6% in the 3rd quarter. Neo Ivy Capital Management now owns 19,842 shares of the auto parts company’s stock valued at $1,852,000 after acquiring an additional 13,766 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Autoliv by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after acquiring an additional 95,888 shares during the period. Finally, Barclays PLC grew its holdings in shares of Autoliv by 41.5% during the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after purchasing an additional 8,859 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.83%. The ex-dividend date is Tuesday, December 3rd. Autoliv’s dividend payout ratio is presently 35.42%.

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.