$2.09 Billion in Sales Expected for Autoliv Inc. (NYSE:ALV) This Quarter

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Analysts expect Autoliv Inc. (NYSE:ALV) to post sales of $2.09 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Autoliv’s earnings, with the lowest sales estimate coming in at $2.08 billion and the highest estimate coming in at $2.09 billion. Autoliv reported sales of $2.03 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The business is scheduled to announce its next earnings report on Friday, October 25th.

On average, analysts expect that Autoliv will report full-year sales of $8.66 billion for the current financial year, with estimates ranging from $8.62 billion to $8.73 billion. For the next fiscal year, analysts expect that the business will report sales of $9.01 billion, with estimates ranging from $8.90 billion to $9.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Autoliv.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 19th. The auto parts company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.01. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.15 billion. Autoliv had a net margin of 2.89% and a return on equity of 23.49%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.22 earnings per share.

ALV has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on shares of Autoliv from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Monday, July 22nd. Nordea Equity Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Buckingham Research decreased their target price on shares of Autoliv from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Zacks Investment Research downgraded shares of Autoliv from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, Mizuho restated a “hold” rating and issued a $80.00 target price on shares of Autoliv in a research note on Monday, July 22nd. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Autoliv presently has an average rating of “Hold” and an average price target of $83.49.

Shares of ALV stock traded down $1.72 on Friday, hitting $63.30. The stock had a trading volume of 519,859 shares, compared to its average volume of 633,819. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The business has a 50 day simple moving average of $69.78. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.26 and a quick ratio of 0.96. Autoliv has a 52-week low of $61.07 and a 52-week high of $95.82.

A number of institutional investors and hedge funds have recently bought and sold shares of ALV. Rockefeller Capital Management L.P. bought a new position in shares of Autoliv during the second quarter worth about $30,000. Financial Gravity Wealth Inc. grew its position in Autoliv by 495.4% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 774 shares of the auto parts company’s stock valued at $55,000 after buying an additional 644 shares in the last quarter. Icon Wealth Partners LLC bought a new position in Autoliv in the 1st quarter valued at about $57,000. Pearl River Capital LLC bought a new position in Autoliv in the 1st quarter valued at about $132,000. Finally, Mirova bought a new position in Autoliv in the 2nd quarter valued at about $160,000. 35.98% of the stock is currently owned by hedge funds and other institutional investors.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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