American Axle & Manufact. Holdings, Inc. (AXL) Expected to Announce Earnings of $1.12 Per Share

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Equities analysts expect American Axle & Manufact. Holdings, Inc. (NYSE:AXL) to announce $1.12 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Axle & Manufact.’s earnings. The lowest EPS estimate is $1.09 and the highest is $1.15. American Axle & Manufact. posted earnings per share of $0.99 during the same quarter last year, which suggests a positive year over year growth rate of 13.1%. The company is scheduled to issue its next earnings results on Friday, November 2nd.

On average, analysts expect that American Axle & Manufact. will report full-year earnings of $3.90 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $4.10. For the next year, analysts anticipate that the firm will post earnings of $3.57 per share, with EPS estimates ranging from $2.65 to $4.14. 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 & Manufact..

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings results on Friday, August 3rd. The auto parts company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.14. American Axle & Manufact. had a net margin of 6.00% and a return on equity of 28.88%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the business earned $0.99 EPS. American Axle & Manufact.’s revenue for the quarter was up 8.1% compared to the same quarter last year.

AXL has been the topic of several research analyst reports. TheStreet upgraded shares of American Axle & Manufact. from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of American Axle & Manufact. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Thursday, June 28th. ValuEngine upgraded shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Finally, Buckingham Research initiated coverage on shares of American Axle & Manufact. in a research note on Friday, June 1st. They set a “neutral” rating and a $18.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.13.

A number of institutional investors have recently modified their holdings of AXL. Victory Capital Management Inc. grew its position in American Axle & Manufact. by 12,507.9% during the 1st quarter. Victory Capital Management Inc. now owns 1,345,772 shares of the auto parts company’s stock worth $20,483,000 after purchasing an additional 1,335,098 shares during the last quarter. BlackRock Inc. grew its position in American Axle & Manufact. by 10.1% during the 2nd quarter. BlackRock Inc. now owns 14,468,400 shares of the auto parts company’s stock worth $225,129,000 after purchasing an additional 1,327,564 shares during the last quarter. JPMorgan Chase & Co. grew its position in American Axle & Manufact. by 227.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,638,608 shares of the auto parts company’s stock worth $24,940,000 after purchasing an additional 1,138,797 shares during the last quarter. Dimensional Fund Advisors LP grew its position in American Axle & Manufact. by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,354,011 shares of the auto parts company’s stock worth $142,368,000 after purchasing an additional 850,847 shares during the last quarter. Finally, KBC Group NV purchased a new position in American Axle & Manufact. during the 2nd quarter worth $8,935,000. 98.33% of the stock is currently owned by institutional investors.

NYSE:AXL traded up $0.42 during midday trading on Monday, hitting $17.68. 27,885 shares of the company were exchanged, compared to its average volume of 1,437,531. American Axle & Manufact. has a fifty-two week low of $13.95 and a fifty-two week high of $20.27. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.62 and a quick ratio of 1.30. The firm has a market capitalization of $1.98 billion, a P/E ratio of 4.73, a P/E/G ratio of 0.56 and a beta of 1.42.

About American Axle & Manufact.

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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Earnings History and Estimates for American Axle & Manufact. (NYSE:AXL)

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