American Axle & Manufacturing (NYSE:AXL) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

American Axle & Manufacturing (NYSE:AXL) posted its quarterly earnings results on Friday. The auto parts company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04, Zacks reports. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $0.20 earnings per share. American Axle & Manufacturing’s quarterly revenue was up .3% on a year-over-year basis. American Axle & Manufacturing updated its FY 2025 guidance to EPS.

American Axle & Manufacturing Price Performance

NYSE:AXL opened at $6.54 on Friday. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $7.03. The stock’s fifty day moving average is $6.05 and its two-hundred day moving average is $5.10. The company has a market capitalization of $775.47 million, a P/E ratio of 19.22, a P/E/G ratio of 0.97 and a beta of 1.60. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86.

Institutional Trading of American Axle & Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whitebox Advisors LLC lifted its position in American Axle & Manufacturing by 23.0% in the second quarter. Whitebox Advisors LLC now owns 5,599,014 shares of the auto parts company’s stock valued at $22,844,000 after buying an additional 1,047,820 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of American Axle & Manufacturing in the 2nd quarter worth approximately $3,231,000. Millennium Management LLC lifted its holdings in shares of American Axle & Manufacturing by 77.9% in the 1st quarter. Millennium Management LLC now owns 1,550,521 shares of the auto parts company’s stock worth $6,311,000 after acquiring an additional 679,042 shares during the last quarter. Jump Financial LLC boosted its position in shares of American Axle & Manufacturing by 760.5% during the 2nd quarter. Jump Financial LLC now owns 764,486 shares of the auto parts company’s stock worth $3,119,000 after purchasing an additional 675,642 shares during the period. Finally, Man Group plc increased its holdings in American Axle & Manufacturing by 102.2% in the 2nd quarter. Man Group plc now owns 973,221 shares of the auto parts company’s stock valued at $3,971,000 after purchasing an additional 491,820 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXL has been the topic of a number of research reports. UBS Group raised their target price on shares of American Axle & Manufacturing from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Monday, October 6th. Stifel Nicolaus lifted their price objective on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Royal Bank Of Canada upgraded American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $6.00 to $8.00 in a report on Tuesday, September 2nd. Wall Street Zen lowered American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Axle & Manufacturing in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of “Hold” and an average target price of $7.17.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.