Autoliv, Inc. (NYSE:ALV) Declares Quarterly Dividend of $0.70

Autoliv, Inc. (NYSE:ALV) announced a quarterly dividend on Monday, November 11th,NASDAQ Dividends reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.70 per share by the auto parts company on Thursday, December 19th. This represents a $2.80 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68.

Autoliv has raised its dividend by an average of 62.5% annually over the last three years. Autoliv has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Autoliv to earn $10.05 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 27.9%.

Autoliv Price Performance

Shares of ALV stock opened at $99.12 on Friday. Autoliv has a 1-year low of $89.51 and a 1-year high of $129.38. The stock’s 50-day moving average is $96.03 and its 200 day moving average is $103.14. The company has a market cap of $7.81 billion, a P/E ratio of 12.91, a PEG ratio of 0.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $1.66 EPS. Autoliv’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts predict that Autoliv will post 8.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ALV shares. Robert W. Baird increased their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. StockNews.com cut Autoliv from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays decreased their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Finally, 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 research note on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.77.

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.