Equities analysts expect American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) to announce $0.64 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for American Axle & Manufacturing Holdings’ earnings. The lowest EPS estimate is $0.55 and the highest is $0.71. American Axle & Manufacturing Holdings posted earnings per share of $0.78 during the same quarter last year, which suggests a negative year over year growth rate of 17.9%. The company is scheduled to issue its next earnings results on Thursday, November 2nd.

On average, analysts expect that American Axle & Manufacturing Holdings will report full-year earnings of $3.27 per share for the current fiscal year, with EPS estimates ranging from $3.17 to $3.40. For the next year, analysts anticipate that the firm will post earnings of $3.18 per share, with EPS estimates ranging from $2.90 to $3.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover American Axle & Manufacturing Holdings.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business posted $0.90 EPS. American Axle & Manufacturing Holdings’s revenue for the quarter was up 71.4% compared to the same quarter last year.

Several research analysts recently weighed in on AXL shares. CLSA started coverage on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. They set a “buy” rating and a $18.00 price target for the company. Deutsche Bank AG restated a “buy” rating and set a $22.00 price target (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. Guggenheim started 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 price target for the company. 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. Finally, Off Wall Street started coverage on shares of American Axle & Manufacturing Holdings in a research report on Thursday, July 13th. They set a “buy” rating for the company. Four 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.90.

In other news, Director George Thanopoulos sold 125,000 shares of the company’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 transaction, the director now directly owns 1,001,986 shares in the company, valued at approximately $15,059,849.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of American Axle & Manufacturing Holdings in the 1st quarter worth approximately $1,121,000. State of Tennessee Treasury Department lifted its holdings in shares of American Axle & Manufacturing Holdings by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 71,406 shares of the auto parts company’s stock worth $1,341,000 after acquiring an additional 10,776 shares during the last quarter. Morgan Stanley lifted its holdings in shares of American Axle & Manufacturing Holdings by 7.0% in the 1st quarter. Morgan Stanley now owns 418,610 shares of the auto parts company’s stock worth $7,862,000 after acquiring an additional 27,281 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of American Axle & Manufacturing Holdings by 10.1% in the 1st quarter. Geode Capital Management LLC now owns 1,048,428 shares of the auto parts company’s stock worth $19,689,000 after acquiring an additional 95,840 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of American Axle & Manufacturing Holdings by 949.0% in the 1st quarter. UBS Group AG now owns 105,649 shares of the auto parts company’s stock worth $1,984,000 after acquiring an additional 95,578 shares during the last quarter.

American Axle & Manufacturing Holdings (AXL) opened at 16.17 on Friday. The stock’s 50 day moving average price is $14.56 and its 200-day moving average price is $16.38. American Axle & Manufacturing Holdings has a 12 month low of $12.61 and a 12 month high of $21.25. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 5.57 and a beta of 1.33.

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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.

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

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