FY2024 EPS Estimates for Autoliv Reduced by Zacks Research

Autoliv, Inc. (NYSE:ALV) – Research analysts at Zacks Research reduced their FY2024 earnings estimates for Autoliv in a report issued on Thursday, November 21st. Zacks Research analyst R. Department now expects that the auto parts company will post earnings of $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 equities analysts also recently commented on ALV. Robert W. Baird upped their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Wolfe Research initiated coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $116.00 target price on shares of Autoliv in a research report on Tuesday, September 10th. Finally, Bank of America lowered their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Trading Up 2.7 %

Shares of NYSE ALV opened at $101.57 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The business’s 50 day moving average price is $95.63 and its 200-day moving average price is $103.71. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 0.89 and a beta of 1.59.

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

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 $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.76%. Autoliv’s dividend payout ratio (DPR) is 35.42%.

Hedge Funds Weigh In On Autoliv

Several hedge funds have recently made changes to their positions in ALV. GAMMA Investing LLC grew its stake in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position 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 buying an additional 117 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Autoliv by 0.6% in the 3rd quarter. Quantinno Capital Management LP now owns 23,456 shares of the auto parts company’s stock worth $2,190,000 after buying an additional 130 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Autoliv by 2.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,953 shares of the auto parts company’s stock worth $851,000 after buying an additional 156 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Autoliv by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,765 shares of the auto parts company’s stock valued at $617,000 after acquiring an additional 162 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

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.