Autoliv Shares Up 8% Since Q3 Announcement
<p><a href='https://financialmodelingprep.com/financial-summary/ALV'>Autoliv (NYSE:ALV)</a> shares rose more than 8% since the company’s reported Q3 results on Friday. Both EPS of $1.23 and revenue of $2.3 billion came in line with the Street estimates.</p>
<p>Q3 revenues grew 25% year-over-year (up 32% organic), and operating margins came in at 7.5%, above the Street estimate of 7.2%. 2022 organic growth was indicated at 15%, while margins are now indicated at the upper end of the 6-7% range implying Q4 margins of close to 10%. Full-year raw material headwind also lowered to 5% from 5.5% so inputs moving in the right direction.</p>
<p>Analysts at RBC Capital provided their views on the company. While there is still a good level of industry uncertainty, the analysts were encouraged by margin progression, positive conversations on recoveries and margin drivers into 2023. The analysts raised their price target to $93 from $90, while maintaining their Outperform rating.</p>

NYSE:ALV