$1.78 Billion in Sales Expected for American Axle & Manufact. Holdings, Inc. (AXL) This Quarter

Equities analysts expect that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will post $1.78 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for American Axle & Manufact.’s earnings, with the lowest sales estimate coming in at $1.77 billion and the highest estimate coming in at $1.80 billion. American Axle & Manufact. posted sales of $1.72 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The company is scheduled to announce its next quarterly earnings report before the market opens on Friday, November 2nd.

According to Zacks, analysts expect that American Axle & Manufact. will report full-year sales of $7.27 billion for the current year, with estimates ranging from $7.23 billion to $7.31 billion. For the next year, analysts anticipate that the firm will post sales of $7.30 billion, with estimates ranging from $7.24 billion to $7.40 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, August 3rd. The auto parts company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.09 by $0.14. American Axle & Manufact. had a net margin of 6.00% and a return on equity of 28.88%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the company posted $0.99 EPS. American Axle & Manufact.’s revenue was up 8.1% on a year-over-year basis.



Several equities analysts have recently commented on AXL shares. TheStreet cut shares of American Axle & Manufact. from a “b-” rating to a “c+” rating in a report on Monday. ValuEngine cut shares of American Axle & Manufact. from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Zacks Investment Research cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Citigroup lowered their price target on shares of American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, October 12th. Finally, Wolfe Research began coverage on shares of American Axle & Manufact. in a report on Tuesday, October 2nd. They set an “outperform” rating on the stock. Three 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. currently has an average rating of “Hold” and an average target price of $19.38.

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Preferred LLC lifted its stake in shares of American Axle & Manufact. by 465.8% in the 2nd quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock valued at $167,000 after purchasing an additional 8,840 shares during the last quarter. Brave Asset Management Inc. acquired a new stake in shares of American Axle & Manufact. in the 2nd quarter valued at $170,000. Engineers Gate Manager LP acquired a new stake in shares of American Axle & Manufact. in the 2nd quarter valued at $190,000. Hartford Investment Management Co. acquired a new stake in shares of American Axle & Manufact. in the 2nd quarter valued at $193,000. Finally, Signition LP acquired a new stake in shares of American Axle & Manufact. in the 2nd quarter valued at $250,000.

American Axle & Manufact. stock opened at $15.17 on Thursday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.30 and a current ratio of 1.62. American Axle & Manufact. has a 12 month low of $13.95 and a 12 month high of $20.27. The firm has a market cap of $1.69 billion, a PE ratio of 4.05, a P/E/G ratio of 0.46 and a beta of 1.42.

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.

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

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