Auto parts company, Autoliv (NYSE:ALV) appears to be on the up and up with their recent quarterly earnings report. Released on Friday, April 21st, the report showed a revenue of $2.49 billion for the quarter, exceeding analysts’ expectations by approximately $170 million. Additionally, for the same quarter in the previous year, Autoliv had an earnings per share (EPS) of $0.45, while this year they achieved an impressive $0.90 EPS.
The slight boost in figures may have been due to cost-cutting measures implemented by Autoliv’s CEO in early March, which included layoffs and restructuring initiatives across all divisions of the company. These moves were made to help offset increasing production costs that plagued the auto parts industry last year.
Despite having a market capitalization of $7.22 billion and a P/E ratio of 17.60, Autoliv’s shares showed resilience in what some expected would be a volatile period for their stock value. From its one-year low of $65.74 last summer to its current price at just over $84, investors seem bullish about President Biden’s planned infrastructure package and expect it to positively impact Autoliv’s bottom line.
Autoliv has also been in the news recently as Director Jan Carlson sold over 2000 shares worth around $232,593 back in May of this year; this sale represents approximately 0.22% of all currently owned corporate shares.
Looking forward towards June 2023, analysts are predicting a continued positive outlook for Autoliv as plans for expansion into new markets remain on track despite ongoing international trade tensions that may cause headwinds down the road.
Overall then, it seems that while challenges may still lie ahead for companies like Autoliv due to economic factors beyond their control such as decreased demand or supply chain disruptions – they’re taking proactive measures where they can (e.g., restructuring) and positioning themselves for long-term growth and profitability in emerging automotive markets.
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Autoliv’s EPS Estimates Lowered by Zacks Research; Investors Remain Interested
Autoliv, Inc. (NYSE:ALV) recently had their first quarterly earnings per share (EPS) estimates cut by Zacks Research analysts. Despite this minor setback, Autoliv’s current full-year earnings consensus estimate of $6.34 per share remains unchanged. However, at least one analyst left their investors concerned with a sell rating on the stock.
Multiple other research analysts also released reports on Autoliv in recent weeks, including Goldman Sachs Group and Barclays. While both lowered their target prices for the auto parts company in April, StockNews.com recently upgraded them from a “hold” to a “buy” rating just two days prior to the news of lowered EPS estimates.
Despite these varying ratings and reports, investor interest in Autoliv remains consistent among large financial institutions such as Grey Fox Wealth Advisors and Quadrant Capital Group LLC who have acquired positions in the company within the last quarter.
It remains to be seen how these predictions will affect Autoliv’s future performance on the stock market, but potential investors should keep an eye out for any further updates or news regarding this automotive supplier.