Autoliv, Inc. to Post FY2018 Earnings of $7.29 Per Share, Jefferies Group Forecasts (ALV)
Autoliv, Inc. (NYSE:ALV) – Analysts at Jefferies Group decreased their FY2018 EPS estimates for shares of Autoliv in a report issued on Thursday. Jefferies Group analyst A. Kurian now anticipates that the auto parts company will post earnings of $7.29 per share for the year, down from their previous forecast of $7.39. Jefferies Group currently has a “Buy” rating and a $145.00 price target on the stock. Jefferies Group also issued estimates for Autoliv’s FY2019 earnings at $8.75 EPS and FY2020 earnings at $10.21 EPS.
Autoliv (NYSE:ALV) last released its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis.
Several other equities research analysts have also recently weighed in on the company. KeyCorp restated a “buy” rating and set a $146.00 target price (up from $136.00) on shares of Autoliv in a research note on Monday, November 6th. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, November 1st. Pareto Securities upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Piper Jaffray Companies set a $99.00 price target on shares of Autoliv and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, ValuEngine downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $109.23.
Autoliv (NYSE ALV) traded up $1.02 during midday trading on Monday, reaching $128.37. The company’s stock had a trading volume of 407,990 shares, compared to its average volume of 536,877. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. Autoliv has a 12-month low of $96.08 and a 12-month high of $129.84. The company has a market capitalization of $11,270.00, a PE ratio of 20.67, a PEG ratio of 2.52 and a beta of 1.11.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank increased its holdings in Autoliv by 11.7% in the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 114 shares during the period. Victory Capital Management Inc. increased its holdings in Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after purchasing an additional 414 shares during the period. Teachers Advisors LLC increased its holdings in Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 1,058 shares during the period. ARP Americas LLC acquired a new stake in Autoliv in the third quarter valued at $235,000. Finally, JPMorgan Chase & Co. increased its holdings in Autoliv by 9.8% in the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 33.54% of the company’s stock.
In related news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $128.00, for a total value of $507,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.
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Autoliv Company Profile
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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