Revenue Update on Autoliv(NYSE:ALV)

Autoliv(NYSE:ALV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $2.58B. Analysts estimated a revenue of $2.64B. Earnings per share were $1.75. Analysts had estimated an EPS of $1.74.

In a different note, Berenberg said it Initiates Coverage on Autoliv, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Hold’ by the firm. Piper Jaffray said it Initiates Coverage on Autoliv, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Neutral’ by the firm.

Autoliv (ALV) shares turned negative on Thursdays trading session with the shares closing down -2.43 points or -2.27% at a volume of 8,57,532. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $106.34. The peak price level was also seen at $106.34 while the days lowest was $103.54. Finally the shares closed at $104.53. The 52-week high of the shares is $129.37 while the 52-week low is $95.34. According to the latest information available, the market cap of the company is $9,221 M.

Autoliv has also declared a cash dividend of $0.5800 on May 10, 2016. The shares will quote ex-dividend on Aug 16, 2016 and the record date has been fixed on Aug 18, 2016. The dividend payable date has been fixed on Sep 1, 2016.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Robert W Alspaugh (director) sold 647 shares at $112.21 per share price.Also, 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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