American Axle & Manufact. (AXL) Issues Quarterly Earnings Results, Beats Estimates By $0.13 EPS

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.

AXL has been the topic of several recent research reports. Morgan Stanley reaffirmed an “underweight” rating and set a $16.00 price objective (up previously from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. Zacks Investment Research downgraded American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $23.00 price target on shares of American Axle & Manufact. in a report on Friday, November 3rd. Finally, Bank of America increased their price target on American Axle & Manufact. from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. American Axle & Manufact. has a consensus rating of “Hold” and a consensus price target of $19.38.

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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.

Earnings History for American Axle & Manufact. (NYSE:AXL)

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