American Axle & Manufact. (NYSE:AXL) issued its quarterly earnings data on Friday. The auto parts company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.13, Bloomberg Earnings reports. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. The company’s revenue for the quarter was up 83.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share.
Shares of American Axle & Manufact. (NYSE AXL) traded down $0.56 during mid-day trading on Friday, reaching $15.22. The company’s stock had a trading volume of 5,430,000 shares, compared to its average volume of 2,335,726. American Axle & Manufact. has a one year low of $13.38 and a one year high of $20.83. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.41 and a current ratio of 1.72. The firm has a market capitalization of $1,693.83, a P/E ratio of 4.67, a PEG ratio of 0.54 and a beta of 1.34.
In other American Axle & Manufact. news, Director George Thanopoulos sold 354,931 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $17.58, for a total transaction of $6,239,686.98. Following the transaction, the director now owns 399,013 shares in the company, valued at $7,014,648.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 604,931 shares of company stock worth $10,606,687. Corporate insiders own 0.96% of the company’s stock.
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American Axle & Manufact. Company Profile
American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.
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