American Axle & Manufact. Holdings, Inc. (NYSE:AXL) – Research analysts at B. Riley dropped their Q2 2019 earnings estimates for shares of American Axle & Manufact. in a research report issued on Tuesday, February 19th. B. Riley analyst C. Horn now anticipates that the auto parts company will post earnings of $0.82 per share for the quarter, down from their previous estimate of $0.87. B. Riley currently has a “Sell” rating and a $10.00 target price on the stock. B. Riley also issued estimates for American Axle & Manufact.’s FY2019 earnings at $3.09 EPS, Q1 2020 earnings at $0.68 EPS, Q2 2020 earnings at $0.90 EPS, Q3 2020 earnings at $0.90 EPS, Q4 2020 earnings at $0.69 EPS and FY2020 earnings at $3.17 EPS.

A number of other research firms also recently commented on AXL. Barclays reaffirmed a “buy” rating and set a $14.00 price objective on shares of American Axle & Manufact. in a report on Sunday, January 6th. Bank of America raised shares of American Axle & Manufact. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $15.00 to $20.00 in a report on Wednesday. Morgan Stanley set a $19.00 price objective on shares of American Axle & Manufact. and gave the stock a “buy” rating in a report on Tuesday, January 29th. TheStreet downgraded shares of American Axle & Manufact. from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Finally, Royal Bank of Canada reduced their price objective on shares of American Axle & Manufact. from $25.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.50.

NYSE AXL opened at $16.93 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.16 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 5.16, a P/E/G ratio of 0.67 and a beta of 1.65. American Axle & Manufact. has a 52-week low of $10.13 and a 52-week high of $19.34.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. American Axle & Manufact. had a negative net margin of 0.79% and a positive return on equity of 22.35%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS.

A number of hedge funds have recently made changes to their positions in AXL. Oregon Public Employees Retirement Fund bought a new position in American Axle & Manufact. during the 4th quarter valued at about $42,000. O Shaughnessy Asset Management LLC bought a new position in American Axle & Manufact. during the 4th quarter valued at about $45,000. Dubuque Bank & Trust Co. bought a new position in American Axle & Manufact. during the 4th quarter valued at about $48,000. Advisory Services Network LLC lifted its holdings in 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 valued at $49,000 after purchasing an additional 3,756 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in 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 valued at $56,000 after purchasing an additional 2,726 shares during the last quarter. 98.64% of the stock is owned by hedge funds and other institutional investors.

American Axle & Manufact. Company Profile

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

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