Equities analysts forecast that American Axle (NYSE:AXL) will post $0.84 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for American Axle’s earnings. The lowest EPS estimate is $0.73 and the highest is $1.05. American Axle reported earnings of $1.03 per share in the same quarter last year, which suggests a negative year over year growth rate of 18.4%. The company is expected to issue its next quarterly earnings results on Friday, May 4th.
On average, analysts expect that American Axle will report full-year earnings of $3.57 per share for the current year, with EPS estimates ranging from $3.33 to $3.90. For the next fiscal year, analysts expect that the business will report earnings of $3.61 per share, with EPS estimates ranging from $2.65 to $4.01. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow American Axle.
American Axle (NYSE:AXL) last posted its earnings results on Friday, February 16th. The auto parts company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.13. American Axle had a net margin of 5.38% and a return on equity of 32.04%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 83.2% on a year-over-year basis.
A number of equities research analysts have commented on the stock. Morgan Stanley downgraded shares of American Axle to a “buy” rating and set a $20.00 target price for the company. in a research report on Friday, March 23rd. Guggenheim reaffirmed a “buy” rating and issued a $21.00 target price on shares of American Axle in a research report on Friday, February 23rd. ValuEngine downgraded shares of American Axle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Susquehanna Bancshares set a $17.00 target price on shares of American Axle and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Finally, Citigroup raised shares of American Axle from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $15.34 to $20.00 in a research report on Tuesday, March 27th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.90.
In other news, VP Michael Joseph Lynch sold 16,337 shares of American Axle stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $15.68, for a total transaction of $256,164.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alberto L. Satine sold 25,349 shares of American Axle stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $15.01, for a total transaction of $380,488.49. The disclosure for this sale can be found here. Insiders have sold a total of 329,751 shares of company stock worth $5,138,985 in the last quarter. Corporate insiders own 0.96% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of American Axle by 22.4% during the 4th quarter. BlackRock Inc. now owns 12,973,513 shares of the auto parts company’s stock worth $220,939,000 after acquiring an additional 2,372,920 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of American Axle by 24.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,061,535 shares of the auto parts company’s stock valued at $124,142,000 after buying an additional 1,407,426 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of American Axle by 33.1% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,003,677 shares of the auto parts company’s stock valued at $87,964,000 after buying an additional 1,243,914 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of American Axle by 240.9% during the 4th quarter. Deutsche Bank AG now owns 4,679,598 shares of the auto parts company’s stock valued at $79,692,000 after buying an additional 3,307,056 shares in the last quarter. Finally, DnB Asset Management AS lifted its stake in shares of American Axle by 5.8% during the 4th quarter. DnB Asset Management AS now owns 4,598,339 shares of the auto parts company’s stock valued at $78,310,000 after buying an additional 250,328 shares in the last quarter.
NYSE:AXL traded up $0.37 during trading hours on Friday, reaching $15.97. The company had a trading volume of 352,648 shares, compared to its average volume of 2,389,717. The company has a current ratio of 1.60, a quick ratio of 1.28 and a debt-to-equity ratio of 2.58. American Axle has a 52 week low of $13.38 and a 52 week high of $20.27. The company has a market cap of $1,695.09, a PE ratio of 4.16, a price-to-earnings-growth ratio of 0.53 and a beta of 1.37.
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About American Axle
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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