Q4 2024 Earnings Estimate for American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Issued By Zacks Research

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) – Equities researchers at Zacks Research decreased their Q4 2024 EPS estimates for shares of American Axle & Manufacturing in a research report issued to clients and investors on Wednesday, May 22nd. Zacks Research analyst R. Department now anticipates that the auto parts company will earn $0.04 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for American Axle & Manufacturing’s current full-year earnings is $0.40 per share. Zacks Research also issued estimates for American Axle & Manufacturing’s Q1 2026 earnings at $0.20 EPS and FY2026 earnings at $0.85 EPS.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, May 3rd. The auto parts company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.16. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.52 billion. American Axle & Manufacturing had a negative net margin of 0.13% and a positive return on equity of 1.92%. American Axle & Manufacturing’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS.

A number of other equities analysts also recently issued reports on AXL. Citigroup increased their price target on shares of American Axle & Manufacturing from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Monday, May 6th. UBS Group increased their price target on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Finally, StockNews.com upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.00.

American Axle & Manufacturing Stock Performance

Shares of AXL opened at $7.32 on Friday. The company has a 50-day simple moving average of $7.36 and a 200-day simple moving average of $7.56. The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 4.40. American Axle & Manufacturing has a 52-week low of $6.29 and a 52-week high of $9.55.

Hedge Funds Weigh In On American Axle & Manufacturing

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in American Axle & Manufacturing during the 4th quarter valued at about $76,000. EntryPoint Capital LLC acquired a new stake in shares of American Axle & Manufacturing during the 1st quarter worth about $76,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of American Axle & Manufacturing during the 3rd quarter worth about $76,000. QRG Capital Management Inc. acquired a new stake in shares of American Axle & Manufacturing during the 3rd quarter worth about $84,000. Finally, Jump Financial LLC acquired a new stake in shares of American Axle & Manufacturing during the 3rd quarter worth about $141,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.