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. Shareholders 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 2.78%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68.

Autoliv has raised its dividend payment by an average of 62.5% annually over the last three years. Autoliv has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Autoliv to earn $10.09 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 27.0%.

Autoliv Price Performance

ALV stock traded down $0.40 during trading on Tuesday, hitting $100.80. The stock had a trading volume of 735,114 shares, compared to its average volume of 707,342. The stock has a market capitalization of $7.94 billion, a P/E ratio of 13.13, 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 has a twelve month low of $89.51 and a twelve month high of $129.38. The company’s 50-day moving average price is $95.32 and its two-hundred day moving average price is $105.21.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. HSBC initiated coverage on shares of Autoliv in a research note on Monday, July 15th. They issued a “buy” rating and a $134.00 price objective for the company. Bank of America lowered their price target on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Citigroup lowered their price target on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company reduced their target price on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st. Finally, Hsbc Global Res raised Autoliv to a “strong-buy” rating in a research report on Monday, July 15th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and a consensus price target of $122.77.

About Autoliv

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.