American Axle & Manufacturing (NYSE:AXL) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

American Axle & Manufacturing (NYSE:AXL) announced its quarterly earnings results on Friday. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04, Zacks reports. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business earned $0.20 earnings per share. American Axle & Manufacturing’s quarterly revenue was up .3% on a year-over-year basis. American Axle & Manufacturing updated its FY 2025 guidance to EPS.

American Axle & Manufacturing Stock Up 5.9%

NYSE:AXL traded up $0.37 during midday trading on Friday, reaching $6.54. 5,987,592 shares of the stock traded hands, compared to its average volume of 3,119,436. The stock has a market capitalization of $775.47 million, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.97 and a beta of 1.60. American Axle & Manufacturing has a 12-month low of $3.00 and a 12-month high of $7.03. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77. The business has a 50-day moving average of $6.05 and a two-hundred day moving average of $5.09.

Institutional Trading of American Axle & Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Shay Capital LLC purchased a new position in American Axle & Manufacturing during the 2nd quarter worth $102,000. Cetera Investment Advisers raised its stake in American Axle & Manufacturing by 27.1% in the second quarter. Cetera Investment Advisers now owns 33,774 shares of the auto parts company’s stock valued at $138,000 after buying an additional 7,197 shares during the last quarter. Militia Capital Partners LP purchased a new stake in American Axle & Manufacturing in the second quarter valued at about $150,000. The Manufacturers Life Insurance Company raised its stake in American Axle & Manufacturing by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company’s stock valued at $178,000 after buying an additional 2,993 shares during the last quarter. Finally, Caption Management LLC boosted its holdings in American Axle & Manufacturing by 90.5% in the second quarter. Caption Management LLC now owns 60,000 shares of the auto parts company’s stock worth $245,000 after acquiring an additional 28,500 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Analyst Upgrades and Downgrades

AXL has been the subject of a number of research analyst reports. Wall Street Zen lowered American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of American Axle & Manufacturing in a research report on Tuesday, October 14th. Royal Bank Of Canada upgraded American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $6.00 to $8.00 in a report on Tuesday, September 2nd. Stifel Nicolaus upped their price objective on shares of American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Finally, UBS Group increased their target price on shares of American Axle & Manufacturing from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.17.

About American Axle & Manufacturing

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.