Zacks: Analysts Anticipate American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) to Post $0.26 Earnings Per Share

Equities research analysts predict that American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for American Axle & Manufacturing’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.43. American Axle & Manufacturing posted earnings per share of $0.20 during the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The business is scheduled to announce its next earnings report on Friday, May 14th.

According to Zacks, analysts expect that American Axle & Manufacturing will report full year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.50. For the next year, analysts expect that the business will report earnings of $1.53 per share, with EPS estimates ranging from $1.16 to $1.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover American Axle & Manufacturing.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Thursday, February 11th. The auto parts company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.21. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. American Axle & Manufacturing had a negative net margin of 22.36% and a negative return on equity of 6.21%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share.

AXL has been the topic of several analyst reports. Zacks Investment Research lowered shares of American Axle & Manufacturing from a “strong-buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Friday, March 26th. Credit Suisse Group lifted their target price on shares of American Axle & Manufacturing from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, March 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of American Axle & Manufacturing from $9.00 to $11.00 and gave the company a “hold” rating in a research report on Tuesday, February 16th. Barclays lowered shares of American Axle & Manufacturing from an “equal weight” rating to an “underweight” rating and set a $6.00 target price on the stock. in a research report on Thursday, December 17th. Finally, Citigroup lowered shares of American Axle & Manufacturing from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Monday, March 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.22.

Several large investors have recently bought and sold shares of AXL. FMR LLC lifted its stake in shares of American Axle & Manufacturing by 10.5% in the first quarter. FMR LLC now owns 2,120,256 shares of the auto parts company’s stock worth $30,340,000 after buying an additional 201,300 shares in the last quarter. First Trust Advisors LP raised its stake in American Axle & Manufacturing by 24.4% during the first quarter. First Trust Advisors LP now owns 191,681 shares of the auto parts company’s stock worth $2,743,000 after purchasing an additional 37,607 shares during the period. Wells Fargo & Company MN raised its stake in American Axle & Manufacturing by 9.9% during the third quarter. Wells Fargo & Company MN now owns 195,320 shares of the auto parts company’s stock worth $1,127,000 after purchasing an additional 17,607 shares during the period. Guggenheim Capital LLC purchased a new position in American Axle & Manufacturing during the third quarter worth about $92,000. Finally, Charles Schwab Investment Management Inc. raised its stake in American Axle & Manufacturing by 10.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,108,238 shares of the auto parts company’s stock worth $6,395,000 after purchasing an additional 102,902 shares during the period. 87.29% of the stock is currently owned by hedge funds and other institutional investors.

AXL stock traded up $0.24 during midday trading on Wednesday, hitting $9.41. 1,383,496 shares of the stock traded hands, compared to its average volume of 2,019,318. The firm has a market cap of $1.07 billion, a P/E ratio of -1.00, a PEG ratio of 1.09 and a beta of 2.69. The company has a debt-to-equity ratio of 10.35, a current ratio of 1.87 and a quick ratio of 1.56. The stock’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $8.63. American Axle & Manufacturing has a 1-year low of $3.23 and a 1-year high of $12.92.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming products in the United States, Mexico, South America, China, other Asian countries, and Europe. The company's Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, 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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