American Axle & Manufacturing (AXL) Set to Announce Earnings on Friday

American Axle & Manufacturing (NYSE:AXL – Get Rating) is set to issue its quarterly earnings data before the market opens on Friday, May 6th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. American Axle & Manufacturing has set its FY 2022 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

American Axle & Manufacturing (NYSE:AXL – Get Rating) last posted its earnings results on Friday, February 11th. The auto parts company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.13). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.28 billion. American Axle & Manufacturing had a return on equity of 25.36% and a net margin of 0.11%. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. On average, analysts expect American Axle & Manufacturing to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AXL stock opened at $6.76 on Friday. The company has a market cap of $773.86 million, a P/E ratio of 225.33, a price-to-earnings-growth ratio of 1.20 and a beta of 2.29. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.78 and a quick ratio of 1.39. The stock’s fifty day moving average price is $7.73 and its 200-day moving average price is $8.75. American Axle & Manufacturing has a 1 year low of $6.41 and a 1 year high of $13.06.

Several equities research analysts have weighed in on the company. TheStreet cut American Axle & Manufacturing from a “c” rating to a “d+” rating in a research note on Friday, February 11th. Citigroup reduced their target price on American Axle & Manufacturing from $9.00 to $8.00 in a report on Tuesday, April 5th. StockNews.com initiated coverage on American Axle & Manufacturing in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded American Axle & Manufacturing from a “sell” rating to a “hold” rating and set a $8.50 target price on the stock in a report on Wednesday, March 16th. Finally, BNP Paribas initiated coverage on American Axle & Manufacturing in a report on Monday, April 11th. They issued a “neutral” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.58.

Several institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC acquired a new stake in shares of American Axle & Manufacturing in the third quarter valued at approximately $101,000. Guggenheim Capital LLC bought a new stake in shares of American Axle & Manufacturing in the fourth quarter worth $163,000. Virtu Financial LLC bought a new stake in shares of American Axle & Manufacturing in the fourth quarter worth $168,000. Sei Investments Co. bought a new stake in shares of American Axle & Manufacturing in the fourth quarter worth $684,000. Finally, State of Tennessee Treasury Department grew its stake in shares of American Axle & Manufacturing by 10.4% in the fourth quarter. State of Tennessee Treasury Department now owns 88,994 shares of the auto parts company’s stock worth $830,000 after purchasing an additional 8,400 shares during the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.

American Axle & Manufacturing Company Profile (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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