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.
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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