American Axle & Manufact. (NYSE:AXL) Releases Earnings Results, Beats Estimates By $0.13 EPS

American Axle & Manufact. (NYSE:AXL) released its quarterly earnings data on Friday, February 16th. The auto parts company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.13, Bloomberg Earnings reports. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. American Axle & Manufact. had a return on equity of 32.04% and a net margin of 5.38%. The company’s revenue was up 83.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS.

American Axle & Manufact. (AXL) opened at $15.58 on Tuesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.60 and a quick ratio of 1.28. American Axle & Manufact. has a 52-week low of $13.38 and a 52-week high of $20.77. The firm has a market capitalization of $1,728.48, a PE ratio of 4.78, a price-to-earnings-growth ratio of 0.53 and a beta of 1.45.

AXL has been the topic of several analyst reports. Royal Bank of Canada restated a “buy” rating and set a $25.00 price objective on shares of American Axle & Manufact. in a report on Sunday, January 21st. Guggenheim reiterated a “buy” rating and issued a $21.00 price target on shares of American Axle & Manufact. in a report on Friday, February 23rd. ValuEngine lowered American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley reiterated an “underweight” rating and set a $16.00 price target (up previously from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. American Axle & Manufact. has an average rating of “Hold” and an average target price of $19.75.

In other American Axle & Manufact. news, Director George Thanopoulos sold 100,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $17.21, for a total value of $1,721,000.00. Following the transaction, the director now directly owns 299,013 shares of the company’s stock, valued at approximately $5,146,013.73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.96% of the company’s stock.

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About American Axle & Manufact.

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 & Manufact. (NYSE:AXL)

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