American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 1st. Analysts expect American Axle & Manufacturing Holdings to post earnings of $0.65 per share for the quarter.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 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 business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 71.4% compared to the same quarter last year. On average, analysts expect American Axle & Manufacturing Holdings to post $3.29 EPS for the current fiscal year and $3.17 EPS for the next fiscal year.

Shares of American Axle & Manufacturing Holdings, Inc. (AXL) opened at 18.67 on Wednesday. The firm has a market capitalization of $2.08 billion, a PE ratio of 6.43 and a beta of 1.38. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $12.61 and a 52 week high of $21.25. The company’s 50 day moving average price is $17.01 and its 200-day moving average price is $16.04.

In other news, Director George Thanopoulos sold 123,901 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total value of $1,877,100.15. Following the completion of the sale, the director now directly owns 876,745 shares in the company, valued at approximately $13,282,686.75. 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.

TRADEMARK VIOLATION WARNING: “American Axle & Manufacturing Holdings, Inc. (AXL) to Release Earnings on Wednesday” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/10/25/american-axle-manufacturing-holdings-inc-axl-to-release-earnings-on-wednesday.html.

A number of brokerages have weighed in on AXL. BidaskClub upgraded American Axle & Manufacturing Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Off Wall Street began coverage on American Axle & Manufacturing Holdings in a report on Thursday, July 13th. They set a “buy” rating for the company. ValuEngine downgraded American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, KeyCorp reiterated a “hold” rating on shares of American Axle & Manufacturing Holdings in a report on Sunday, September 17th. 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. The company presently has an average rating of “Hold” and a consensus target price of $19.50.

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.

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

Receive News & Ratings for American Axle & Manufacturing Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufacturing Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.