Autoliv (NYSE:ALV) Announces Earnings Results

Autoliv (NYSE:ALV) posted its earnings results on Friday. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16), Briefing.com reports. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.66 earnings per share.

Autoliv Price Performance

Shares of NYSE ALV opened at $99.52 on Friday. Autoliv has a twelve month low of $89.37 and a twelve month high of $129.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of $96.54 and a two-hundred day moving average of $107.70. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.82 and a beta of 1.60.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Wednesday, September 4th. Autoliv’s payout ratio is currently 42.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI lowered their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Wells Fargo & Company dropped their price objective on shares of Autoliv from $103.00 to $102.00 and set an “equal weight” rating on the stock in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 target price on shares of Autoliv in a research note on Tuesday, September 10th. Robert W. Baird dropped their price target on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Citigroup reduced their price objective on Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.43.

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.