American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) – KeyCorp dropped their Q3 2017 earnings per share (EPS) estimates for shares of American Axle & Manufacturing Holdings in a research report issued to clients and investors on Wednesday. KeyCorp analyst B. Hoselton now anticipates that the auto parts company will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.67.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The business’s revenue was up 71.4% on a year-over-year basis. WARNING: “Q3 2017 EPS Estimates for American Axle & Manufacturing Holdings, Inc. Reduced by Analyst (AXL)” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/15/q3-2017-eps-estimates-for-american-axle-manufacturing-holdings-inc-reduced-by-analyst-axl.html.

A number of other research analysts also recently weighed in on AXL. ValuEngine downgraded shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised shares of American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Bank of America Corporation reissued an “underperform” rating and set a $11.00 target price (down from $16.00) on shares of American Axle & Manufacturing Holdings in a research report on Friday, June 16th. Guggenheim initiated coverage on shares of American Axle & Manufacturing Holdings in a research report on Wednesday, June 21st. They set a “buy” rating and a $18.00 target price for the company. Finally, Deutsche Bank AG reissued a “buy” rating and set a $22.00 target price (down from $24.00) on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.90.

Shares of American Axle & Manufacturing Holdings (NYSE:AXL) opened at 15.88 on Friday. The stock’s 50 day moving average price is $14.55 and its 200-day moving average price is $16.41. American Axle & Manufacturing Holdings has a one year low of $12.61 and a one year high of $21.25. The company has a market cap of $1.77 billion, a PE ratio of 5.47 and a beta of 1.33.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXL. Ameritas Investment Partners Inc. boosted its holdings in American Axle & Manufacturing Holdings by 7.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 503 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in American Axle & Manufacturing Holdings by 13.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 895 shares during the period. CIBC Asset Management Inc bought a new position in American Axle & Manufacturing Holdings in the 2nd quarter valued at $162,000. Amalgamated Bank boosted its holdings in American Axle & Manufacturing Holdings by 18.7% in the 2nd quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 1,900 shares during the period. Finally, Miles Capital Inc. boosted its holdings in American Axle & Manufacturing Holdings by 0.3% in the 1st quarter. Miles Capital Inc. now owns 11,810 shares of the auto parts company’s stock valued at $222,000 after purchasing an additional 31 shares during the period.

In related news, Director George Thanopoulos sold 125,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $15.03, for a total value of $1,878,750.00. Following the completion of the transaction, the director now directly owns 1,001,986 shares of the company’s stock, valued at approximately $15,059,849.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.

American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

Earnings History and Estimates for American Axle & Manufacturing Holdings (NYSE:AXL)

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