Autoliv (NYSE:ALV) Issues Earnings Results, Beats Expectations By $0.21 EPS

Autoliv (NYSE:ALV) announced its quarterly earnings results on Friday. The auto parts company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21, Zacks reports. Autoliv had a return on equity of 30.85% and a net margin of 5.98%.

Autoliv Stock Down 4.5 %

NYSE:ALV traded down $4.52 during mid-day trading on Friday, hitting $96.81. The company had a trading volume of 901,826 shares, compared to its average volume of 671,624. The business has a fifty day simple moving average of $96.68 and a 200-day simple moving average of $97.14. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.75 and a beta of 1.59.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.89%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio (DPR) is presently 36.46%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Bank of America reduced their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company dropped their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a research report on Tuesday, January 7th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird raised their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.62.

Autoliv Company Profile

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.