American Axle & Manufacturing (NYSE:AXL) Posts Quarterly Earnings Results, Meets Expectations

American Axle & Manufacturing (NYSE:AXL) announced its quarterly earnings results on Friday. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06), RTT News reports. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) EPS. American Axle & Manufacturing updated its FY 2025 guidance to EPS.

American Axle & Manufacturing Trading Up 8.1 %

AXL opened at $5.14 on Friday. American Axle & Manufacturing has a fifty-two week low of $4.70 and a fifty-two week high of $8.98. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The firm has a market capitalization of $603.77 million, a price-to-earnings ratio of 21.40 and a beta of 1.94. The company’s 50 day moving average price is $5.73 and its two-hundred day moving average price is $6.08.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, American Axle & Manufacturing currently has a consensus rating of “Hold” and an average target price of $7.30.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.