Analysts expect that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will post $0.75 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for American Axle & Manufact.’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.66. American Axle & Manufact. posted earnings of $0.78 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 3.8%. The business is expected to issue its next quarterly earnings results on Friday, February 9th.

On average, analysts expect that American Axle & Manufact. will report full-year earnings of $3.60 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.75. For the next fiscal year, analysts forecast that the business will report earnings of $3.43 per share, with EPS estimates ranging from $3.20 to $3.64. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last announced its earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.21. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The business’s revenue was up 71.2% compared to the same quarter last year.

A number of equities research analysts have recently commented on AXL shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 target price on shares of American Axle & Manufact. in a report on Friday, November 3rd. ValuEngine raised shares of American Axle & Manufact. from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research cut shares of American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a report on Tuesday. KeyCorp reaffirmed a “hold” rating on shares of American Axle & Manufact. in a report on Sunday, September 17th. Finally, B. Riley reaffirmed a “sell” rating on shares of American Axle & Manufact. in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. American Axle & Manufact. currently has a consensus rating of “Hold” and a consensus price target of $19.67.

In other news, Director George Thanopoulos sold 150,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $17.64, for a total transaction of $2,646,000.00. Following the transaction, the director now directly owns 399,013 shares in the company, valued at $7,038,589.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder American Securities Llc sold 15,000,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $17.37, for a total transaction of $260,550,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,604,931 shares of company stock worth $271,156,687. Company insiders own 0.96% of the company’s stock.

Institutional investors have recently modified their holdings of the company. PEAK6 Investments L.P. acquired a new position in shares of American Axle & Manufact. during the third quarter worth about $4,048,000. Voya Investment Management LLC grew its position in American Axle & Manufact. by 5.1% during the second quarter. Voya Investment Management LLC now owns 143,046 shares of the auto parts company’s stock worth $2,232,000 after buying an additional 6,999 shares during the period. Teachers Advisors LLC grew its position in American Axle & Manufact. by 12.4% during the second quarter. Teachers Advisors LLC now owns 154,353 shares of the auto parts company’s stock worth $2,408,000 after buying an additional 17,078 shares during the period. Northern Trust Corp grew its position in American Axle & Manufact. by 6.1% during the second quarter. Northern Trust Corp now owns 1,060,528 shares of the auto parts company’s stock worth $16,544,000 after buying an additional 60,734 shares during the period. Finally, State Street Corp grew its position in American Axle & Manufact. by 13.9% during the second quarter. State Street Corp now owns 2,022,484 shares of the auto parts company’s stock worth $31,547,000 after buying an additional 247,575 shares during the period.

Shares of American Axle & Manufact. (NYSE AXL) traded up $0.13 during trading hours on Friday, hitting $18.37. 2,042,000 shares of the stock were exchanged, compared to its average volume of 2,350,450. American Axle & Manufact. has a 1-year low of $13.38 and a 1-year high of $21.25. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $2,040.00, a PE ratio of 6.27, a price-to-earnings-growth ratio of 0.64 and a beta of 1.36.

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American Axle & Manufact. 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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