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

American Axle & Manufact. (NYSE:AXL) is set to issue its quarterly earnings data before the market opens on Friday, November 2nd. Analysts expect American Axle & Manufact. to post earnings of $0.89 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings data on Friday, August 3rd. The auto parts company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.14. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.83 billion. American Axle & Manufact. had a return on equity of 28.88% and a net margin of 6.00%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. On average, analysts expect American Axle & Manufact. to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of AXL stock opened at $14.73 on Wednesday. The company has a market capitalization of $1.69 billion, a PE ratio of 3.93, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. American Axle & Manufact. has a fifty-two week low of $13.95 and a fifty-two week high of $20.27. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.30 and a current ratio of 1.62.



A number of brokerages have recently weighed in on AXL. ValuEngine upgraded American Axle & Manufact. from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Citigroup cut their price objective on American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, October 12th. Zacks Investment Research upgraded American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Monday, October 8th. TheStreet upgraded American Axle & Manufact. from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. Finally, Wolfe Research began coverage on American Axle & Manufact. in a research report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. American Axle & Manufact. has an average rating of “Hold” and a consensus target price of $19.38.

American Axle & Manufact. Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, 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.

Featured Story: How to Calculate Compound Annual Growth Rate (CAGR)

Earnings History for American Axle & Manufact. (NYSE:AXL)

Receive News & Ratings for American Axle & Manufact. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufact. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply