Autoliv trading resumes 10:1305/1205/12/21
Autoliv reinstates quarterly dividends, declares 62c payout for Q2 » 10:0405/1205/12/21
Autoliv announced that…
Autoliv announced that its board has decided to reinstate quarterly dividends and declared a quarterly dividend of 62c per share for Q2. "Although the COVID-19 pandemic is not yet behind us, the significant improvement in profitability and free cash flow generation over the recent quarters shows that we have built a solid platform towards our mid-term financial targets", says Jan Carlson, Chairman of the Board of Directors. "It is our ambition to consistently create competitive shareholder value through our purpose-led strategy and operations, and I am happy that we can now reinstate our quarterly dividend," added Carlson. The dividend will be payable on June 14 to shareholders of record on the close of business on May 28.
Autoliv trading halted, news pending 09:4105/1205/12/21
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Autoliv price target raised to $123 from $111 at Goldman Sachs » 17:5604/2604/26/21
Goldman Sachs analyst…
Goldman Sachs analyst George Galliers raised the firm's price target on Autoliv to $123 from $111 and keeps a Buy rating on the shares. The analyst is citing the company's better than expected Q1 results, with strong sales mix and positive gross margin developments, also stating that the current chip shortage has improved the sales mix of the company as customers prioritized production of models with a higher content per vehicle.
Autoliv price target raised to $104 from $97 at Wells Fargo » 07:4804/2604/26/21
Wells Fargo analyst Colin…
Wells Fargo analyst Colin Langan raised the firm's price target on Autoliv to $104 from $97 and keeps an Equal Weight rating on the shares. The analyst notes Autoliv reported Q1 EPS of $1.79, beating consensus of $1.47 and his $1.56 estimate. While Autoliv maintained guidance of 20% organic growth, Langan is cautious on this figure as it is based on about 12% market growth and implies 8% growth over market in 2021, well above its mid-term target range of 4%-5%. That said, mix will be a tailwind to passive safety content per vehicle, he adds.
Autoliv price target raised to $124 from $117 at RBC Capital » 07:1004/2604/26/21
RBC Capital analyst…
RBC Capital analyst Joseph Spak raised the firm's price target on Autoliv to $124 from $117 and keeps an Outperform rating on the shares. The company's Q1 results were "impressive" and investors may have "underappreciated" its outgrowth and cost controls, the analyst tells investors in a research note. Spak also raises his FY21 EPS view on Autoliv by 85c to $9.95 and FY22 view by 40c to $8.80.
Autoliv price target raised to $115 from $104 at Mizuho » 06:4604/2604/26/21
Mizuho analyst Vijay…
Mizuho analyst Vijay Rakesh raised the firm's price target on Autoliv to $115 from $104 and reiterates a Buy rating on the shares following the company's "good" quarter. Autoliv's organic sales remain strong despite component shortages, Rakesh As previously reported,
Autoliv price target raised to $115 from $104 at Mizuho » 15:0804/2304/23/21
Mizuho analyst Vijay…
Mizuho analyst Vijay Rakesh raised the firm's price target on Autoliv to $115 from $104 and keeps a Buy rating on the shares after its Q1 earnings beat. The analyst states that the company reported a "good" quarter as organic revenue rose 18% though reduced its FY21 outlook to 23% from 25% due to auto component shortages. Rakesh adds that Autoliv should have a "strong" order intake driving market share gains, with added benefit from content tailwinds and global dealership inventory replenishment.
Autoliv reports Q1 adjusted EPS $1.79, consensus $1.42 » 06:1604/2304/23/21
Reports Q1 revenue…
Reports Q1 revenue $2.24B, consensus $2.18B. Reports Q1 organic sales growth 17%. The company said, "The COVID-19 pandemic is still affecting us in several ways and our first priority remains the health and safety of our employees. The industry is experiencing adverse business effects, with a supply-demand imbalance of certain input materials such as steel, chemicals and semiconductors. Temporary shortages of these materials limited the light vehicle production in the first quarter and we expect this situation to continue in the second and third quarter of this year. In this tough environment, I am proud that the Autoliv organization delivered a strong first quarter performance where we saw high sales growth and a significant improvement in profitability compared to the first quarter in both 2020 and 2019. I am also pleased that we continued to generate a strong cash flow, that our net debt declined further, and that our leverage ratio is now back inside our target range. Our progress in the past few quarters strengthens our confidence in the journey towards our medium term targets and our opportunities to create shareholder value... We are still in an uncertain environment and we continue to face challenges in 2021. We expect adverse cost development from rising raw material prices throughout 2021. We remain focused on responding to sudden changes in light vehicle production with agility and flexibility. Despite increased industry wide supply chain challenges, we are pleased to be able to reiterate our full year guidance of around 20% organic sales growth and an adjusted operating margin of around 10% as we expect effects of the supply chain challenges to be balanced with positive sales mix and cost reduction actions. We can see that our strategic initiatives gradually are yielding good results, and we expect 2021 to be a solid stepping stone towards our 2022-24 targets which include a significant growth above light vehicle production as well as a solid adjusted operating margin increase."
Autoliv, Mersen announce collaboration to produce EV disconnect devices » 05:2004/2004/20/21
Autoliv and Mersen…
Autoliv and Mersen announced a joint collaboration to develop devices that will help make electric vehicles, or EVs, safer. Unlike traditional passenger cars, which function with a 12-volt electrical system, today's advanced electric vehicles can have systems with more than 500 volts. In an accident, those high voltage systems may pose a greater risk of catching fire, potentially harming occupants and first responders. The Autoliv and Mersen collaboration will produce disconnect devices that utilizes Autoliv's proven pyrotechnical safety switch technology and Mersen's fuse hybridization concepts, to create devices that can disconnect up to 1000-volt power source in milliseconds.