$0.59 EPS Expected for American Axle & Manufact. Holdings, Inc. (NYSE:AXL) This Quarter

Wall Street brokerages forecast that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will post earnings of $0.59 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for American Axle & Manufact.’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.63. American Axle & Manufact. reported earnings of $1.23 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 52%. The firm is expected to report its next earnings results on Friday, August 2nd.

On average, analysts expect that American Axle & Manufact. will report full-year earnings of $2.73 per share for the current year, with EPS estimates ranging from $2.44 to $3.03. For the next year, analysts anticipate that the company will post earnings of $2.76 per share, with EPS estimates ranging from $2.50 to $2.90. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, May 3rd. The auto parts company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. American Axle & Manufact. had a positive return on equity of 18.62% and a negative net margin of 1.48%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm earned $0.98 earnings per share. American Axle & Manufact.’s quarterly revenue was down 7.5% on a year-over-year basis.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised American Axle & Manufact. from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Barclays reissued a “buy” rating and set a $20.00 price target on shares of American Axle & Manufact. in a report on Thursday, May 9th. TheStreet lowered American Axle & Manufact. from a “b-” rating to a “c” rating in a report on Monday, March 25th. Buckingham Research lowered their price target on American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Finally, ValuEngine lowered American Axle & Manufact. from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.50.

A number of institutional investors and hedge funds have recently made changes to their positions in AXL. Truvestments Capital LLC acquired a new stake in shares of American Axle & Manufact. during the 1st quarter valued at approximately $33,000. Oregon Public Employees Retirement Fund acquired a new position in shares of American Axle & Manufact. during the 4th quarter worth approximately $42,000. O Shaughnessy Asset Management LLC acquired a new position in shares of American Axle & Manufact. during the 4th quarter worth approximately $45,000. Advisory Services Network LLC raised its position in shares of American Axle & Manufact. by 535.0% during the 4th quarter. Advisory Services Network LLC now owns 4,458 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 3,756 shares during the last quarter. Finally, Advisor Group Inc. raised its position in shares of American Axle & Manufact. by 119.8% during the 4th quarter. Advisor Group Inc. now owns 5,002 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 2,726 shares during the last quarter. 98.64% of the stock is currently owned by institutional investors.

Shares of AXL traded down $0.35 during midday trading on Monday, reaching $11.76. 1,003,500 shares of the stock were exchanged, compared to its average volume of 1,766,585. The firm has a 50-day simple moving average of $11.46. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.47 and a quick ratio of 1.14. American Axle & Manufact. has a twelve month low of $9.96 and a twelve month high of $19.34. The stock has a market cap of $1.36 billion, a P/E ratio of 3.59, a price-to-earnings-growth ratio of 0.55 and a beta of 1.85.

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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Earnings History and Estimates for American Axle & Manufact. (NYSE:AXL)

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