Autoliv (NYSE:ALV) Announces Earnings Results

Autoliv (NYSE:ALV) posted its quarterly earnings results on Wednesday. The auto parts company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.43, Zacks reports. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter in the previous year, the firm earned $1.58 EPS.

Autoliv Stock Performance

Shares of NYSE:ALV opened at $87.23 on Thursday. The company’s 50 day simple moving average is $90.96 and its 200 day simple moving average is $94.42. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 1 year low of $75.49 and a 1 year high of $129.38. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were given a dividend of $0.70 per share. The ex-dividend date was Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.21%. Autoliv’s dividend payout ratio is 34.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALV shares. TD Cowen began coverage on Autoliv in a research report on Friday, March 7th. They issued a “buy” rating and a $116.00 price objective for the company. Robert W. Baird cut their price target on Autoliv from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Hsbc Global Res lowered shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Barclays raised shares of Autoliv from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $110.00 to $97.00 in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.71.

Insider Buying and Selling at Autoliv

In related news, CEO Mikael Bratt sold 5,760 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction of $569,664.00. Following the sale, the chief executive officer now directly owns 23,307 shares of the company’s stock, valued at approximately $2,305,062.30. The trade was a 19.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the transaction, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at approximately $720,218.59. The trade was a 19.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is currently owned by corporate insiders.

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.