Jefferies Group Weighs in on Autoliv Inc.’s FY2017 Earnings (ALV)

Autoliv Inc. (NYSE:ALV) – Equities research analysts at Jefferies Group dropped their FY2017 earnings estimates for Autoliv in a research report issued on Tuesday. Jefferies Group analyst A. Kurian now forecasts that the auto parts company will post earnings of $6.24 per share for the year, down from their prior estimate of $6.48. Jefferies Group currently has a “Buy” rating and a $119.00 price target on the stock. Jefferies Group also issued estimates for Autoliv’s FY2020 earnings at $8.78 EPS.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, April 28th. The auto parts company reported $1.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.13. Autoliv had a return on equity of 14.99% and a net margin of 5.59%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business posted $1.66 EPS. Autoliv’s revenue for the quarter was up 7.3% compared to the same quarter last year.

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Earnings History and Estimates for Autoliv (NYSE:ALV)

ALV has been the subject of a number of other research reports. KeyCorp reaffirmed an “equal weight” rating on shares of Autoliv in a report on Tuesday, January 10th. Zacks Investment Research raised shares of Autoliv from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $121.00 price objective (down previously from $131.00) on shares of Autoliv in a report on Monday, February 6th. Royal Bank of Canada lifted their price objective on shares of Autoliv from $94.00 to $101.00 and gave the company an “underperform” rating in a report on Friday, February 3rd. Finally, Evercore ISI reaffirmed a “sell” rating and issued a $90.00 price objective on shares of Autoliv in a report on Monday, February 6th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $105.13.

Shares of Autoliv (NYSE:ALV) opened at 103.67 on Wednesday. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 15.88 and a beta of 1.17. Autoliv has a 52 week low of $93.31 and a 52 week high of $126.31. The firm has a 50-day moving average price of $100.31 and a 200-day moving average price of $104.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Wednesday, May 17th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, May 15th. This is a boost from Autoliv’s previous quarterly dividend of $0.58. Autoliv’s dividend payout ratio is currently 36.14%.

In related news, insider Johan Lofvenholm sold 281 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $105.13, for a total transaction of $29,541.53. Following the completion of the sale, the insider now owns 2,757 shares of the company’s stock, valued at approximately $289,843.41. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 1,576 shares of company stock valued at $165,527. 0.27% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Autoliv during the fourth quarter valued at about $82,150,000. Jane Street Group LLC acquired a new stake in shares of Autoliv during the third quarter valued at about $38,264,000. Carve CapitalAB acquired a new stake in shares of Autoliv during the fourth quarter valued at about $39,941,000. Bodenholm Capital AB acquired a new stake in shares of Autoliv during the fourth quarter valued at about $36,207,000. Finally, Edge Asset Management Inc. boosted its stake in shares of Autoliv by 15.1% in the fourth quarter. Edge Asset Management Inc. now owns 1,486,803 shares of the auto parts company’s stock valued at $168,231,000 after buying an additional 195,474 shares in the last quarter. 32.01% of the stock is owned by institutional investors.

About Autoliv

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.

5 Day Chart for NYSE:ALV

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