Brokerages Anticipate American Axle & Manufact. Holdings, Inc. (NYSE:AXL) to Post $0.57 Earnings Per Share

Analysts expect American Axle & Manufact. Holdings, Inc. (NYSE:AXL) to post earnings per share (EPS) of $0.57 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for American Axle & Manufact.’s earnings, with estimates ranging from $0.40 to $0.64. American Axle & Manufact. reported earnings per share of $0.63 during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.5%. The company is expected to issue its next quarterly earnings report on Friday, November 1st.

According to Zacks, analysts expect that American Axle & Manufact. will report full year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $1.85 to $2.20. For the next financial year, analysts expect that the business will post earnings of $2.15 per share, with EPS estimates ranging from $1.89 to $2.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, August 2nd. The auto parts company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). American Axle & Manufact. had a negative net margin of 2.94% and a positive return on equity of 14.28%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

A number of research firms have weighed in on AXL. TheStreet cut American Axle & Manufact. from a “c-” rating to a “d+” rating in a research note on Tuesday, August 27th. Bank of America restated a “buy” rating and issued a $15.00 price target on shares of American Axle & Manufact. in a research note on Tuesday, September 24th. Barclays cut their price target on American Axle & Manufact. from $20.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. ValuEngine raised American Axle & Manufact. from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Credit Suisse Group initiated coverage on American Axle & Manufact. in a report on Wednesday, June 26th. They set an “outperform” rating and a $15.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.78.

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of American Axle & Manufact. by 2.4% during the second quarter. BlackRock Inc. now owns 16,865,767 shares of the auto parts company’s stock worth $215,209,000 after purchasing an additional 389,512 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of American Axle & Manufact. by 3.7% during the second quarter. Vanguard Group Inc. now owns 12,333,245 shares of the auto parts company’s stock worth $157,371,000 after purchasing an additional 437,260 shares during the last quarter. Northern Trust Corp grew its holdings in shares of American Axle & Manufact. by 1.5% during the second quarter. Northern Trust Corp now owns 2,558,847 shares of the auto parts company’s stock worth $32,651,000 after purchasing an additional 37,700 shares during the last quarter. Prudential PLC grew its holdings in shares of American Axle & Manufact. by 19.1% during the second quarter. Prudential PLC now owns 2,443,200 shares of the auto parts company’s stock worth $31,175,000 after purchasing an additional 392,300 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of American Axle & Manufact. by 10.5% during the first quarter. FMR LLC now owns 2,120,256 shares of the auto parts company’s stock worth $30,340,000 after purchasing an additional 201,300 shares during the last quarter.

American Axle & Manufact. stock opened at $7.93 on Wednesday. American Axle & Manufact. has a 1-year low of $5.86 and a 1-year high of $17.20. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.56 and a quick ratio of 1.20. The stock has a market cap of $891.97 million, a PE ratio of 2.42, a P/E/G ratio of 0.43 and a beta of 2.20. The stock’s fifty day moving average is $7.44 and its two-hundred day moving average is $10.93.

About American Axle & Manufact.

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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