$0.06 Earnings Per Share Expected for American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) This Quarter

Analysts expect American Axle & Manufacturing Holdings, Inc. (NYSE:AXLGet Rating) to report $0.06 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for American Axle & Manufacturing’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.13. American Axle & Manufacturing posted earnings per share of $0.29 in the same quarter last year, which would indicate a negative year-over-year growth rate of 79.3%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that American Axle & Manufacturing will report full-year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.90. For the next financial year, analysts anticipate that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.27 to $2.00. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover American Axle & Manufacturing.

American Axle & Manufacturing (NYSE:AXLGet Rating) last released its earnings results on Friday, May 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. American Axle & Manufacturing had a negative net margin of 0.61% and a positive return on equity of 14.39%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the company earned $0.57 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis.

Several equities research analysts recently issued reports on AXL shares. StockNews.com started coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. BNP Paribas initiated coverage on shares of American Axle & Manufacturing in a report on Monday, April 11th. They issued a “neutral” rating and a $7.00 price target on the stock. Morgan Stanley cut their price target on shares of American Axle & Manufacturing from $14.00 to $13.00 in a report on Wednesday. Exane BNP Paribas began coverage on shares of American Axle & Manufacturing in a research note on Monday, April 11th. They set a “neutral” rating on the stock. Finally, TheStreet lowered shares of American Axle & Manufacturing from a “c” rating to a “d+” rating in a research note on Friday, February 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.25.

Shares of AXL traded up $0.64 during mid-day trading on Wednesday, hitting $8.75. The company had a trading volume of 3,190,839 shares, compared to its average volume of 1,871,273. The business’s 50-day simple moving average is $7.18 and its 200-day simple moving average is $8.30. The company has a quick ratio of 1.41, a current ratio of 1.77 and a debt-to-equity ratio of 6.32. American Axle & Manufacturing has a 1-year low of $6.36 and a 1-year high of $13.06. The stock has a market cap of $1.00 billion, a PE ratio of -30.17, a P/E/G ratio of 1.40 and a beta of 2.22.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of American Axle & Manufacturing by 60.8% in the third quarter. US Bancorp DE now owns 4,407 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 1,667 shares in the last quarter. First Quadrant LLC CA bought a new stake in shares of American Axle & Manufacturing during the first quarter worth $37,000. Meeder Asset Management Inc. acquired a new stake in American Axle & Manufacturing in the first quarter worth about $45,000. Point72 Hong Kong Ltd grew its position in shares of American Axle & Manufacturing by 703.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 8,886 shares of the auto parts company’s stock worth $69,000 after buying an additional 7,780 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of American Axle & Manufacturing during the 3rd quarter worth approximately $96,000. 91.73% of the stock is owned by institutional investors and hedge funds.

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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