Wall Street brokerages expect that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will post $0.35 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for American Axle & Manufact.’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.29. American Axle & Manufact. posted earnings of $0.98 per share during the same quarter last year, which indicates a negative year over year growth rate of 64.3%. The business is scheduled to report its next quarterly earnings report on Friday, May 3rd.

According to Zacks, analysts expect that American Axle & Manufact. will report full-year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $3.25. For the next financial year, analysts expect that the firm will post earnings of $2.91 per share, with EPS estimates ranging from $2.40 to $3.17. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations 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 company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Several research analysts have recently weighed in on AXL shares. TheStreet raised shares of American Axle & Manufact. from a “c” rating to a “b-” rating in a research report on Wednesday, February 13th. Morgan Stanley set a $19.00 price target on shares of American Axle & Manufact. and gave the company a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised shares of American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, January 15th. Barclays reissued a “buy” rating and set a $14.00 price target on shares of American Axle & Manufact. in a research report on Sunday, January 6th. Finally, Bank of America raised shares of American Axle & Manufact. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $15.00 to $20.00 in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.00.

Shares of AXL stock traded down $0.22 on Wednesday, hitting $15.88. 1,027,172 shares of the stock traded hands, compared to its average volume of 1,773,167. 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 stock has a market cap of $1.80 billion, a price-to-earnings ratio of 4.84, a PEG ratio of 0.66 and a beta of 1.66. American Axle & Manufact. has a twelve month low of $10.13 and a twelve month high of $19.34.

In other American Axle & Manufact. news, insider Tolga I. Oal sold 14,876 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $14.47, for a total value of $215,255.72. Following the transaction, the insider now owns 97,430 shares of the company’s stock, valued at $1,409,812.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alberto L. Satine sold 15,033 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $16.75, for a total transaction of $251,802.75. Following the completion of the transaction, the senior vice president now directly owns 59,420 shares in the company, valued at approximately $995,285. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AXL. Russell Investments Group Ltd. increased its stake in American Axle & Manufact. by 176.2% during the third quarter. Russell Investments Group Ltd. now owns 24,822 shares of the auto parts company’s stock worth $433,000 after purchasing an additional 15,835 shares during the period. Wells Fargo & Company MN increased its stake in American Axle & Manufact. by 13.5% during the third quarter. Wells Fargo & Company MN now owns 224,811 shares of the auto parts company’s stock worth $3,921,000 after purchasing an additional 26,687 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in American Axle & Manufact. by 26.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,663 shares of the auto parts company’s stock worth $465,000 after purchasing an additional 5,642 shares during the period. Janus Henderson Group PLC purchased a new stake in American Axle & Manufact. during the third quarter worth about $240,000. Finally, Bank of New York Mellon Corp increased its stake in American Axle & Manufact. by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 2,015,093 shares of the auto parts company’s stock worth $35,143,000 after purchasing an additional 128,899 shares during the period. 98.64% of the stock is currently owned by 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 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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