American Axle & Manufact. Holdings (AXL) Set to Announce Quarterly Earnings on Friday
American Axle & Manufact. Holdings (NYSE:AXL) will issue its quarterly earnings data on Friday, August 1st. Parties that are interested in registering for the company’s conference call can do so using this link.
American Axle & Manufact. Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.04. The company had revenue of $858.80 million for the quarter, compared to the consensus estimate of $853.00 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts expect American Axle & Manufact. Holdings to post $2.46 EPS for the current fiscal year and $2.70 EPS for the next fiscal year.
Shares of American Axle & Manufact. Holdings (NYSE:AXL) opened at 18.80 on Thursday. American Axle & Manufact. Holdings has a 52 week low of $17.05 and a 52 week high of $21.48. The stock’s 50-day moving average is $19.19 and its 200-day moving average is $18.85. The company has a market cap of $1.423 billion and a P/E ratio of 11.86.
AXL has been the subject of a number of recent research reports. Analysts at S&P Equity Research raised their price target on shares of American Axle & Manufact. Holdings from $7.30 to $33.60 in a research note on Friday, July 25th. They now have a “buy” rating on the stock. On a related note, analysts at ISI Group raised their price target on shares of American Axle & Manufact. Holdings from $7.30 to $33.60 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of American Axle & Manufact. Holdings from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $22.00 price target on the stock, up previously from $20.00. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.42.
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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