American Axle & Manufact. (NYSE:AXL) Issues Earnings Results
American Axle & Manufact. (NYSE:AXL) issued its quarterly earnings results on Friday. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12, Briefing.com reports. American Axle & Manufact. had a positive return on equity of 14.79% and a negative net margin of 5.77%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $0.45 EPS. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. American Axle & Manufact. updated its FY 2020
Pre-Market guidance to EPS.
NYSE AXL opened at $8.77 on Friday. The firm has a market capitalization of $986.45 million, a P/E ratio of -2.48, a P/E/G ratio of 0.61 and a beta of 2.35. American Axle & Manufact. has a 1-year low of $5.86 and a 1-year high of $17.20. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.78 and a quick ratio of 1.45. The business’s 50-day simple moving average is $9.73 and its 200-day simple moving average is $9.05.
A number of analysts have issued reports on the company. Barclays lowered American Axle & Manufact. from an “overweight” rating to an “equal weight” rating and set a $12.00 price target on the stock. in a research note on Tuesday, November 5th. ValuEngine raised American Axle & Manufact. from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Buckingham Research raised American Axle & Manufact. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.00 to $12.00 in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.60.
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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