American Axle & Manufact. Holdings, Inc. (NYSE:AXL) – Stock analysts at KeyCorp issued their FY2019 earnings per share (EPS) estimates for shares of American Axle & Manufact. in a note issued to investors on Sunday, November 3rd. KeyCorp analyst J. Picariello anticipates that the auto parts company will post earnings of $1.45 per share for the year. KeyCorp also issued estimates for American Axle & Manufact.’s Q4 2019 earnings at ($0.03) EPS and FY2020 earnings at $2.35 EPS.
American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, November 1st. The auto parts company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.17. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. American Axle & Manufact. had a negative net margin of 5.77% and a positive return on equity of 14.79%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS.
Other equities analysts also recently issued reports about the stock. Bank of America reissued a “buy” rating and issued a $15.00 price target on shares of American Axle & Manufact. in a report on Tuesday, September 24th. ValuEngine downgraded shares of American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a report on Monday. Barclays downgraded shares of American Axle & Manufact. from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a report on Tuesday. Finally, TheStreet downgraded shares of American Axle & Manufact. from a “c-” rating to a “d+” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.71.
Shares of NYSE:AXL opened at $10.41 on Wednesday. The company’s 50-day moving average is $8.35 and its 200 day moving average is $10.14. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.45 and a current ratio of 1.78. The company has a market capitalization of $1.15 billion, a P/E ratio of 3.17, a price-to-earnings-growth ratio of 0.71 and a beta of 2.17. American Axle & Manufact. has a fifty-two week low of $5.86 and a fifty-two week high of $17.20.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in American Axle & Manufact. by 621.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,239 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 2,790 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in American Axle & Manufact. during the second quarter valued at about $30,000. Quadrant Capital Group LLC lifted its holdings in shares of American Axle & Manufact. by 4,976.7% in the third quarter. Quadrant Capital Group LLC now owns 4,366 shares of the auto parts company’s stock worth $35,000 after buying an additional 4,280 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of American Axle & Manufact. by 27.0% in the second quarter. Advisory Services Network LLC now owns 6,043 shares of the auto parts company’s stock worth $77,000 after buying an additional 1,284 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of American Axle & Manufact. in the third quarter worth about $83,000.
American Axle & Manufact. Company Profile
American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, 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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