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）於週五發佈了不如預期的第二季度業績，並下調了業績預期。
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.
根據Benzinga Pro的數據，該公司報告的2024財年第二季度銷售額同比下降1.1%，至26.05億美元，低於分析師預期的27.4億美元。經過調整的每股收益爲1.87美元，較分析師預期的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.
總裁兼首席執行官Mikael Bratt表示：“我們仍在按計劃推進可持續加強我們的足跡和業務的戰略和結構性舉措。然而，在某些關鍵客戶的輕型車銷售和庫存調整導致的生產下降低於預期，尤其是在六月份。銷售低於預期影響了我們的盈利能力，營業槓桿率處於我們正常區間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.
奧托立夫將其2024財年有機銷售增長預期從5%下調至約2%。該公司還將調低調整後的營業利潤率指引，從10.5%下調至約9.5%至10%。奧托立夫預計將實現11億美元的營業現金流。
Autoliv shares fell 10.1% to close at $97.66 on Friday.
週五，奧托立夫股票下跌10.1%，收於97.66美元。
These analysts made changes to their price targets on Autoliv following the announcement.
這些分析師在公告後對奧托立夫的目標價格做出了調整。
- 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.
- 貝爾德分析師Luke Junk保持對奧托立夫的中立評級，但將目標價從128美元下調到111美元。
- 美銀證券分析師Michael Jacks保持該股票的買入評級，但將目標價從145美元下調至133美元。
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