$0.01 Earnings Per Share Expected for American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) This Quarter

Equities analysts expect that American Axle & Manufacturing Holdings, Inc. (NYSE:AXL – Get Rating) will report $0.01 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for American Axle & Manufacturing’s earnings. The highest EPS estimate is $0.10 and the lowest is ($0.05). American Axle & Manufacturing posted earnings per share of $0.57 during the same quarter last year, which would suggest a negative year over year growth rate of 98.2%. The business is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that American Axle & Manufacturing will report full year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.25 to $1.20. For the next year, analysts anticipate that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.27 to $2.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover American Axle & Manufacturing.

American Axle & Manufacturing (NYSE:AXL – Get Rating) last released its earnings results on Friday, February 11th. The auto parts company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.13). The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.28 billion. American Axle & Manufacturing had a net margin of 0.11% and a return on equity of 25.36%. American Axle & Manufacturing’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share.

Several equities analysts recently weighed in on the stock. Barclays cut their target price on shares of American Axle & Manufacturing from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Thursday, April 7th. Exane BNP Paribas began coverage on shares of American Axle & Manufacturing in a report on Monday, April 11th. They issued a “neutral” rating on the stock. StockNews.com started coverage on shares of American Axle & Manufacturing in a report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet cut American Axle & Manufacturing from a “c” rating to a “d+” rating in a research note on Friday, February 11th. Finally, Morgan Stanley reduced their price objective on shares of American Axle & Manufacturing from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, American Axle & Manufacturing has a consensus rating of “Hold” and a consensus price target of $8.58.

Shares of American Axle & Manufacturing stock traded up $0.01 on Thursday, hitting $7.25. 8,596 shares of the company traded hands, compared to its average volume of 1,808,867. American Axle & Manufacturing has a 52 week low of $6.41 and a 52 week high of $13.06. The business has a 50-day simple moving average of $7.90 and a 200 day simple moving average of $8.86. The company has a debt-to-equity ratio of 6.74, a quick ratio of 1.39 and a current ratio of 1.78. The stock has a market capitalization of $829.96 million, a P/E ratio of 242.00, a price-to-earnings-growth ratio of 1.18 and a beta of 2.29.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXL. BlackRock Inc. raised its stake in American Axle & Manufacturing by 2.5% in the fourth quarter. BlackRock Inc. now owns 17,850,020 shares of the auto parts company’s stock worth $166,540,000 after buying an additional 428,465 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of American Axle & Manufacturing by 9.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,797,272 shares of the auto parts company’s stock valued at $63,419,000 after acquiring an additional 581,476 shares during the period. Dimensional Fund Advisors LP raised its position in shares of American Axle & Manufacturing by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,217,374 shares of the auto parts company’s stock worth $48,677,000 after acquiring an additional 15,006 shares in the last quarter. State Street Corp lifted its stake in shares of American Axle & Manufacturing by 4.7% during the 4th quarter. State Street Corp now owns 4,476,494 shares of the auto parts company’s stock worth $41,766,000 after purchasing an additional 199,202 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in American Axle & Manufacturing by 46.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,243,960 shares of the auto parts company’s stock valued at $30,266,000 after purchasing an additional 1,034,475 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.

About American Axle & Manufacturing (Get Rating)

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles in the United States, Mexico, South America, China, other Asian countries, and Europe.

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