FY2024 EPS Estimates for Autoliv Decreased by Zacks Research

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

A number of other equities research analysts have also recently issued reports on ALV. Robert W. Baird raised their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Wolfe Research began coverage on shares of Autoliv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Barclays decreased their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Bank of America cut their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Wells Fargo & Company decreased their price objective on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and an average price target of $122.77.

Autoliv Trading Up 1.1 %

NYSE:ALV opened at $98.89 on Monday. The firm has a market capitalization of $7.79 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.88 and a beta of 1.59. The business has a 50 day simple moving average of $95.63 and a 200 day simple moving average of $103.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 12-month low of $89.51 and a 12-month high of $129.38.

Autoliv (NYSE:ALV) last issued 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). The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS.

Institutional Investors Weigh In On Autoliv

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 101 shares in the last quarter. Quarry LP grew its position in Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares during the last quarter. Fred Alger Management LLC acquired a new stake in shares of Autoliv during the 3rd quarter valued at $45,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Autoliv by 14.0% during the 2nd 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 last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of Autoliv in the 2nd quarter worth $156,000. 69.57% of the stock is owned by institutional investors and hedge funds.

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 issued a dividend of $0.70 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Tuesday, December 3rd. Autoliv’s payout ratio is presently 35.42%.

Autoliv Company Profile

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.