Q2 2023 EPS Estimates for Autoliv, Inc. (NYSE:ALV) Decreased by Zacks Research

Autoliv, Inc. (NYSE:ALV – Get Rating) – Stock analysts at Zacks Research lowered their Q2 2023 earnings per share (EPS) estimates for Autoliv in a report issued on Tuesday, March 14th. Zacks Research analyst R. Singhi now forecasts that the auto parts company will post earnings of $1.50 per share for the quarter, down from their prior estimate of $1.62. The consensus estimate for Autoliv’s current full-year earnings is $6.33 per share. Zacks Research also issued estimates for Autoliv’s Q3 2023 earnings at $1.88 EPS, Q4 2023 earnings at $1.98 EPS, Q2 2024 earnings at $2.21 EPS and FY2025 earnings at $10.07 EPS.

ALV has been the topic of several other reports. UBS Group cut shares of Autoliv from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $84.00 to $86.00 in a research report on Wednesday, December 7th. Citigroup boosted their target price on shares of Autoliv from $87.00 to $97.00 and gave the company a “neutral” rating in a research note on Tuesday, February 7th. The Goldman Sachs Group boosted their target price on shares of Autoliv from $85.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. Robert W. Baird boosted their target price on shares of Autoliv from $93.00 to $99.00 and gave the company a “neutral” rating in a research note on Monday, January 30th. Finally, Barclays assumed coverage on shares of Autoliv in a research note on Tuesday, February 14th. They set an “equal weight” rating and a $100.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $99.33.

Autoliv Trading Up 1.9 %

Autoliv stock opened at $89.89 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.75 and a current ratio of 1.02. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 0.62 and a beta of 1.70. Autoliv has a 1 year low of $65.74 and a 1 year high of $96.49. The firm’s 50 day moving average price is $88.50 and its two-hundred day moving average price is $81.73.

Autoliv (NYSE:ALV – Get Rating) last posted its quarterly earnings data on Friday, January 27th. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.29. Autoliv had a net margin of 4.80% and a return on equity of 14.84%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion.

Institutional Trading of Autoliv

Hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Autoliv during the second quarter worth approximately $33,000. Signaturefd LLC grew its stake in shares of Autoliv by 52.5% during the fourth quarter. Signaturefd LLC now owns 526 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 181 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Autoliv during the fourth quarter valued at approximately $40,000. Quadrant Capital Group LLC grew its stake 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 valued at $42,000 after purchasing an additional 138 shares during the last quarter. Finally, Wahed Invest LLC bought a new stake in shares of Autoliv during the second quarter valued at approximately $67,000. Institutional investors and hedge funds own 46.63% of the company’s stock.

Insider Activity

In other news, insider Fredrik Westin sold 538 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $89.21, for a total transaction of $47,994.98. Following the completion of the transaction, the insider now owns 2,638 shares of the company’s stock, valued at $235,335.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Fredrik Westin sold 538 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $89.21, for a total value of $47,994.98. Following the completion of the transaction, the insider now owns 2,638 shares of the company’s stock, valued at $235,335.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Magnus Jarlegren sold 402 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $91.66, for a total transaction of $36,847.32. Following the completion of the transaction, the insider now directly owns 4,184 shares of the company’s stock, valued at approximately $383,505.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,865 shares of company stock valued at $269,670. Insiders own 0.21% of the company’s stock.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 8th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Tuesday, March 7th. Autoliv’s dividend payout ratio is currently 54.32%.

About Autoliv

(Get Rating)

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.