Equities research analysts expect American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) to report earnings of $0.64 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for American Axle & Manufacturing Holdings’ earnings, with estimates ranging from $0.55 to $0.71. American Axle & Manufacturing Holdings posted earnings per share of $0.78 during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.9%. The business is expected to announce its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that American Axle & Manufacturing Holdings will report full-year earnings of $3.29 per share for the current financial year, with EPS estimates ranging from $3.17 to $3.40. For the next year, analysts expect that the business will report earnings of $3.17 per share, with EPS estimates ranging from $2.90 to $3.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for American Axle & Manufacturing Holdings.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its earnings results on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. 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. American Axle & Manufacturing Holdings’s quarterly revenue was up 71.4% compared to the same quarter last year.

Several equities analysts have issued reports on the stock. CLSA assumed coverage on shares of American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. They issued a “buy” rating and a $18.00 price target for the company. Zacks Investment Research upgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Bank of America Corporation restated an “underperform” rating and issued a $11.00 price target (down from $16.00) on shares of American Axle & Manufacturing Holdings in a report on Friday, June 16th. Finally, Guggenheim assumed coverage on shares of American Axle & Manufacturing Holdings in a report on Wednesday, June 21st. They issued a “buy” rating and a $18.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $19.44.

In other American Axle & Manufacturing Holdings news, Director George Thanopoulos sold 125,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the transaction, the director now directly owns 1,001,986 shares of the company’s stock, valued at approximately $15,059,849.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in American Axle & Manufacturing Holdings during the 2nd quarter valued at about $354,000. Public Employees Retirement System of Ohio lifted its stake in American Axle & Manufacturing Holdings by 13.7% during 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 acquiring an additional 895 shares during the period. Piedmont Investment Advisors LLC bought a new position in American Axle & Manufacturing Holdings during the 2nd quarter valued at about $281,000. Kalos Management Inc. lifted its stake in American Axle & Manufacturing Holdings by 22.5% during the 2nd quarter. Kalos Management Inc. now owns 19,147 shares of the auto parts company’s stock valued at $298,000 after acquiring an additional 3,516 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in American Axle & Manufacturing Holdings by 7.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 503 shares during the period.

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Shares of American Axle & Manufacturing Holdings (NYSE AXL) traded down 0.56% during mid-day trading on Thursday, hitting $17.87. 827,475 shares of the company were exchanged. The firm has a market capitalization of $1.99 billion, a P/E ratio of 6.16 and a beta of 1.38. American Axle & Manufacturing Holdings has a 12-month low of $12.61 and a 12-month high of $21.25. The company’s 50-day moving average price is $15.54 and its 200-day moving average price is $16.09.

About American Axle & Manufacturing Holdings

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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