Equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) will post $0.64 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for American Axle & Manufacturing Holdings’ earnings. The lowest EPS estimate is $0.55 and the highest is $0.70. American Axle & Manufacturing Holdings posted earnings per share of $0.78 in the same quarter last year, which suggests a negative year over year growth rate of 17.9%. The company is expected to issue its next earnings results before the market opens on Friday, November 3rd.

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 firm will report earnings of $3.17 per share, with EPS estimates ranging from $2.90 to $3.40. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow American Axle & Manufacturing Holdings.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 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 company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 71.4% compared to the same quarter last year.

Several equities analysts have recently weighed in on AXL shares. BidaskClub upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine downgraded American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Off Wall Street started coverage on American Axle & Manufacturing Holdings in a research report on Thursday, July 13th. They issued a “buy” rating on the stock. Finally, KeyCorp restated a “hold” rating on shares of American Axle & Manufacturing Holdings in a research report on Sunday, September 17th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.50.

In related news, Director George Thanopoulos sold 125,000 shares of American Axle & Manufacturing Holdings stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the transaction, the director now owns 1,001,986 shares in the company, valued at $15,059,849.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AXL. Ameritas Investment Partners Inc. increased its stake in American Axle & Manufacturing Holdings by 7.6% during the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in American Axle & Manufacturing Holdings by 13.7% during the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 895 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in American Axle & Manufacturing Holdings during the second quarter worth $162,000. Amalgamated Bank increased its stake in American Axle & Manufacturing Holdings by 18.7% during the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in American Axle & Manufacturing Holdings during the third quarter worth $223,000.

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American Axle & Manufacturing Holdings (NYSE:AXL) traded up 1.47% on Tuesday, reaching $18.66. The company had a trading volume of 2,069,717 shares. The stock has a market capitalization of $2.08 billion, a P/E ratio of 6.43 and a beta of 1.37. American Axle & Manufacturing Holdings has a 1-year low of $12.61 and a 1-year high of $21.25. The stock’s 50 day moving average is $16.97 and its 200-day moving average is $16.03.

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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