Analysts Anticipate American Axle & Manufact. Holdings, Inc. (NYSE:AXL) to Post $0.57 EPS

Analysts expect that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will report $0.57 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for American Axle & Manufact.’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.64. American Axle & Manufact. reported earnings of $0.63 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 9.5%. The firm is expected to announce its next quarterly earnings results on Friday, November 1st.

According to Zacks, analysts expect that American Axle & Manufact. will report full year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $2.20. For the next financial year, analysts forecast that the business will report earnings of $2.15 per share, with EPS estimates ranging from $1.89 to $2.36. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings results on Friday, August 2nd. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). American Axle & Manufact. had a positive return on equity of 14.28% and a negative net margin of 2.94%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the company posted $1.23 EPS. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Several research firms have recently issued reports on AXL. TheStreet cut American Axle & Manufact. from a “c-” rating to a “d+” rating in a research note on Tuesday, August 27th. Credit Suisse Group started coverage on American Axle & Manufact. in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $15.00 price target for the company. ValuEngine raised American Axle & Manufact. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Barclays decreased their target price on American Axle & Manufact. from $20.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Bank of America reaffirmed a “buy” rating and set a $15.00 target price on shares of American Axle & Manufact. in a research note on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.78.

A number of hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in American Axle & Manufact. during the third quarter valued at about $126,000. Verde Servicos Internacionais S.A. bought a new position in American Axle & Manufact. during the third quarter valued at about $1,003,000. State of Alaska Department of Revenue boosted its stake in American Axle & Manufact. by 125.7% during the third quarter. State of Alaska Department of Revenue now owns 86,408 shares of the auto parts company’s stock valued at $710,000 after buying an additional 48,121 shares in the last quarter. BlackRock Inc. boosted its stake in American Axle & Manufact. by 2.4% during the second quarter. BlackRock Inc. now owns 16,865,767 shares of the auto parts company’s stock valued at $215,209,000 after buying an additional 389,512 shares in the last quarter. Finally, Prudential PLC boosted its stake in American Axle & Manufact. by 19.1% during the second quarter. Prudential PLC now owns 2,443,200 shares of the auto parts company’s stock valued at $31,175,000 after buying an additional 392,300 shares in the last quarter.

Shares of NYSE:AXL traded up $0.37 on Wednesday, hitting $7.18. The company’s stock had a trading volume of 1,361,871 shares, compared to its average volume of 2,073,460. American Axle & Manufact. has a 12 month low of $5.86 and a 12 month high of $17.20. The company has a market capitalization of $783.40 million, a price-to-earnings ratio of 2.19, a price-to-earnings-growth ratio of 0.43 and a beta of 2.20. The stock’s 50-day moving average is $7.41 and its two-hundred day moving average is $10.99. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.20 and a current ratio of 1.56.

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 in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, 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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