These Analysts Slash Their Forecasts On Autoliv After Weak Q2 Results
These Analysts Slash Their Forecasts On Autoliv After Weak Q2 Results
Autoliv lowered its FY24 organic sales growth outlook from 5% to around 2%.The company also lowered adjusted Autoliv, Inc (NYSE:ALV) reported worse-than-expected second-quarter financial results and lowered the outlook on Friday.
Autoliv公司（NYSE:ALV）于周五发布了不如预期的第二季度财报，并下调了业绩预期。
The company reported a second-quarter FY24 sales decline of 1.1% year-on-year to $2.605 billion, missing the analyst consensus estimate of $2.74 billion., according to data from Benzinga Pro. Adjusted EPS of $1.87 missed the analyst consensus estimate of $2.23.
根据Benzinga Pro的数据，该公司报告的2024财年第二季度销售额同比下降1.1%，至26.05亿美元，低于分析师预期的27.4亿美元。经过调整的每股收益为1.87美元，较分析师预期的2.23美元有所不足。
"We remain on track with our strategic and structural initiatives to sustainably strengthen our footprint and operations. However, light vehicle production with certain key customers following weaker sales and inventory adjustments were lower than expected in the quarter, especially in June. The lower than expected sales impacted our profitability with an operating leverage at the high end of our normal 20%-30% range," said President and CEO Mikael Bratt.
总裁兼首席执行官Mikael Bratt表示：“我们仍在按计划推进可持续加强我们的足迹和业务的战略和结构性举措。然而，在某些关键客户的轻型车销售和库存调整导致的生产下降低于预期，尤其是在六月份。销售低于预期影响了我们的盈利能力，营业杠杆率处于我们正常区间20％-30％的高端。”
Autoliv lowered its FY24 organic sales growth outlook from 5% to around 2%.The company also lowered adjusted operating margin guidance from 10.5% to around 9.5% – 10%. Autoliv expects $1.1 billion in operating cash flow.
Autoliv公司将其2024财年有机销售增长预期下调了从5%到2%左右。该公司还将调整后的营业利润率指导下调了从10.5%到9.5%至10%左右。Autoliv公司预计将获得11亿美元的营运现金流。
Autoliv shares fell 10.1% to close at $97.66 on Friday.
周五，奥托立夫股票下跌10.1%，收于97.66美元。
These analysts made changes to their price targets on Autoliv following the announcement.
这些分析师在公告后对奥托立夫的目标价格做出了调整。
- Baird analyst Luke Junk maintained Autoliv with a Neutral rating, while cutting the price target from $128 to $111.
- B of A Securities analyst Michael Jacks maintained the stock with a Buy, while lowering the price target from $145 to $133.
- 贝尔德分析师Luke Junk保持对奥托立夫的中立评级，但将目标价从128美元下调到111美元。
- 美银证券分析师Michael Jacks保持该股票的买入评级，但将目标价从145美元下调至133美元。
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