American Axle & Manufact. (NYSE:AXL) posted its quarterly earnings data on Friday. The auto parts company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.04), Briefing.com reports. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.78 billion. American Axle & Manufact. had a positive return on equity of 18.62% and a negative net margin of 1.48%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. American Axle & Manufact. updated its FY 2019 guidance to EPS.
AXL stock traded down $1.64 during trading on Friday, reaching $9.38. The company’s stock had a trading volume of 7,925,870 shares, compared to its average volume of 1,805,618. American Axle & Manufact. has a 1 year low of $8.65 and a 1 year high of $19.34. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 2.41. The firm has a market cap of $1.24 billion, a P/E ratio of 2.86, a P/E/G ratio of 0.56 and a beta of 1.98. The company has a fifty day moving average price of $11.82.
Several equities research analysts have recently commented on AXL shares. ValuEngine lowered American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded American Axle & Manufact. from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. 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. Buckingham Research cut their price target on American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Finally, Barclays reiterated a “buy” rating and issued a $20.00 price target on shares of American Axle & Manufact. in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.22.
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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