Autoliv (ALV) Releases Earnings Results, Beats Expectations By $0.14 EPS

Autoliv (ALV) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $1.66 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $1.52. The company posted revenue of $2430.00 million in the period, compared to analysts expectations of $2338.99 million. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.

Many Wall Street Analysts have commented on Autoliv. Autoliv was Downgraded by Goldman to ” Sell” on Apr 18, 2016. RBC Capital Mkts Downgraded Autoliv on Apr 13, 2016 to ” Underperform”, Price Target of the shares are set at $96.Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 96 from a previous price target of $112 .

Autoliv opened for trading at $114.53 and hit $115.09 on the upside on Wednesday, eventually ending the session at $114.95, with a gain of 0.49% or 0.56 points. The heightened volatility saw the trading volume jump to 6,24,533 shares. Company has a market cap of $10,129 M.

Investors should note that on Feb 16, 2016, Autoliv announced a cash dividend of $0.5800. The company’s management has announced May 16, 2016 as the ex-dividend date and fixed the record date on May 18, 2016. The payable date has been fixed on Jun 2, 2016.

In a different news, on Mar 10, 2016, Robert W Alspaugh (director) sold 647 shares at $112.21 per share price. According to the SEC, on Mar 9, 2016, Amelie Heiner (Treasurer) sold 111 shares at $111.93 per share price. On Feb 26, 2016, Henrik Arrland (Group VP, Purchasing) sold 1,350 shares at $106.84 per share price, according to the Form-4 filing with the securities and exchange commission.

Autoliv Inc. is a developer manufacturer and supplier of automotive safety systems to the automotive industry. The Company’s range of product offerings includes passive safety systems and active safety systems. Passive safety systems are primarily meant to improve vehicle safety and include modules and components for passenger and driver-side airbags side-impact airbag protection systems seatbelts steering wheels passive safety electronics whiplash protection systems and child seats and components for such systems. Active safety systems are designed to make driving easier and more comfortable and to intervene before a collision in order to make accidents avoidable or reduce the impact. Active safety products include automotive radars night driving assist camera-based vision systems brake controls and other active safety systems. It has approximately 80 production facilities located in around 27 countries consisting of both component factories and assembly factories.


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