Brokerages Anticipate American Axle & Manufact. Holdings, Inc. (AXL) Will Post Earnings of $0.46 Per Share

Wall Street analysts expect that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will report earnings of $0.46 per share for the current quarter, according to Zacks. Two analysts have provided estimates for American Axle & Manufact.’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.53. American Axle & Manufact. reported earnings of $0.89 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 48.3%. The business is scheduled to announce its next quarterly earnings report on Friday, February 15th.

On average, analysts expect that American Axle & Manufact. will report full-year earnings of $3.31 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.37. For the next financial year, analysts expect that the firm will post earnings of $2.95 per share, with EPS estimates ranging from $2.37 to $3.37. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last released its earnings results on Friday, November 2nd. The auto parts company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.27). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. American Axle & Manufact. had a net margin of 5.62% and a return on equity of 25.19%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS.

AXL has been the topic of a number of recent research reports. ValuEngine raised American Axle & Manufact. from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. TheStreet raised American Axle & Manufact. from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Wolfe Research initiated coverage on American Axle & Manufact. in a research note on Tuesday, October 2nd. They set an “outperform” rating on the stock. Zacks Investment Research raised American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Monday, October 8th. Finally, Citigroup reduced their price objective on American Axle & Manufact. from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.70.

In other American Axle & Manufact. news, CEO David C. Dauch bought 88,100 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were bought at an average cost of $11.47 per share, with a total value of $1,010,507.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael K. Simonte bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average cost of $11.88 per share, for a total transaction of $178,200.00. The disclosure for this purchase can be found here. Insiders have bought 133,325 shares of company stock worth $1,565,388 over the last ninety days. Insiders own 0.96% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Preferred LLC grew its stake in shares of American Axle & Manufact. by 465.8% in the second quarter. Advisors Preferred LLC now owns 10,738 shares of the auto parts company’s stock worth $167,000 after purchasing an additional 8,840 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of American Axle & Manufact. in the second quarter worth about $190,000. Hartford Investment Management Co. bought a new stake in shares of American Axle & Manufact. in the second quarter worth about $193,000. Janus Henderson Group PLC purchased a new stake in American Axle & Manufact. in the third quarter worth about $240,000. Finally, Meeder Asset Management Inc. lifted its holdings in American Axle & Manufact. by 215.1% in the third quarter. Meeder Asset Management Inc. now owns 13,809 shares of the auto parts company’s stock worth $240,000 after buying an additional 9,426 shares during the period.

Shares of NYSE:AXL opened at $11.68 on Friday. American Axle & Manufact. has a 12-month low of $11.26 and a 12-month high of $19.63. The stock has a market cap of $1.30 billion, a PE ratio of 3.11, a P/E/G ratio of 0.44 and a beta of 1.53. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11.

About American Axle & Manufact.

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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