American Axle & Manufacturing (AXL) Scheduled to Post Quarterly Earnings on Friday

American Axle & Manufacturing (NYSE:AXLGet Rating) is scheduled to be announcing its earnings results before the market opens on Friday, August 5th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

American Axle & Manufacturing (NYSE:AXLGet Rating) last released its earnings results on Friday, May 6th. The auto parts company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business earned $0.57 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, analysts expect American Axle & Manufacturing to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

American Axle & Manufacturing Price Performance

NYSE AXL opened at $8.92 on Friday. American Axle & Manufacturing has a 12 month low of $6.36 and a 12 month high of $10.91. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -30.76, a PEG ratio of 1.23 and a beta of 2.12. The company’s 50 day moving average is $8.08 and its two-hundred day moving average is $7.93. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 6.32.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Barclays cut their target price on shares of American Axle & Manufacturing from $6.00 to $5.00 in a report on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, April 21st. Finally, Citigroup cut their target price on shares of American Axle & Manufacturing from $9.00 to $8.00 in a report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.80.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of large investors have recently modified their holdings of the business. UBS Group AG raised its stake in shares of American Axle & Manufacturing by 56.6% during the 1st quarter. UBS Group AG now owns 111,517 shares of the auto parts company’s stock worth $865,000 after buying an additional 40,315 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of American Axle & Manufacturing by 2.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 105,521 shares of the auto parts company’s stock worth $843,000 after buying an additional 2,040 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of American Axle & Manufacturing by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 98,332 shares of the auto parts company’s stock worth $763,000 after buying an additional 12,124 shares during the period. MetLife Investment Management LLC raised its stake in shares of American Axle & Manufacturing by 95.9% during the 1st quarter. MetLife Investment Management LLC now owns 61,060 shares of the auto parts company’s stock worth $474,000 after buying an additional 29,891 shares during the period. Finally, APG Asset Management N.V. acquired a new position in shares of American Axle & Manufacturing during the 1st quarter worth approximately $466,000. Hedge funds and other institutional investors own 91.73% of the company’s stock.

American Axle & Manufacturing Company Profile

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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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Earnings History for American Axle & Manufacturing (NYSE:AXL)

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