American Axle & Manufacturing Holdings (AXL) Releases Quarterly Earnings, Misses Expectations By $0.09 EPS
American Axle & Manufacturing Holdings (NYSE:AXL) posted its quarterly earnings results on Friday. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.09, American Banking and Market News reports. The company had revenue of $831.30 million for the quarter, compared to the consensus estimate of $864.10 million.
American Axle & Manufacturing Holdings (NYSE:AXL) opened at 18.35 on Friday. American Axle & Manufacturing Holdings has a one year low of $11.50 and a one year high of $21.48. The stock has a 50-day moving average of $19.69 and a 200-day moving average of $19.44. The company has a market cap of $1.387 billion and a price-to-earnings ratio of 3.56.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of American Axle & Manufacturing Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 21st. On a related note, analysts at Morgan Stanley reiterated an “underweight” rating on shares of American Axle & Manufacturing Holdings in a research note to investors on Thursday, January 16th. Finally, analysts at Thomson Reuters/Verus upgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note to investors on Monday, January 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.45.
American Axle & Manufacturing Holdings, Inc (NYSE:AXL) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles.
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