$1.69 Billion in Sales Expected for American Axle & Manufact. Holdings, Inc. (AXL) This Quarter

Analysts predict that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will post $1.69 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for American Axle & Manufact.’s earnings, with estimates ranging from $1.67 billion to $1.70 billion. American Axle & Manufact. posted sales of $946.50 million in the same quarter last year, which suggests a positive year over year growth rate of 78.6%. The firm is expected to report its next quarterly earnings report on Friday, February 9th.

On average, analysts expect that American Axle & Manufact. will report full year sales of $1.69 billion for the current financial year, with estimates ranging from $6.20 billion to $6.23 billion. For the next financial year, analysts anticipate that the business will report sales of $6.76 billion per share, with estimates ranging from $6.19 billion to $7.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last released its quarterly earnings data on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.65 by $0.21. American Axle & Manufact. had a return on equity of 36.26% and a net margin of 5.07%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s revenue was up 71.2% compared to the same quarter last year.

A number of brokerages have recently issued reports on AXL. Royal Bank of Canada reaffirmed a “buy” rating and set a $23.00 target price on shares of American Axle & Manufact. in a research report on Friday, November 3rd. Bank of America lifted their price target on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. B. Riley restated a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Finally, Morgan Stanley restated an “underweight” rating and issued a $16.00 target price (up from $11.00) on shares of American Axle & Manufact. in a research note on Tuesday, December 5th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.67.

Shares of American Axle & Manufact. (AXL) traded down $0.34 during midday trading on Friday, hitting $17.24. The stock had a trading volume of 1,689,759 shares, compared to its average volume of 1,804,659. American Axle & Manufact. has a twelve month low of $13.38 and a twelve month high of $21.25. The stock has a market capitalization of $1,973.17, a price-to-earnings ratio of 4.84, a price-to-earnings-growth ratio of 0.61 and a beta of 1.35. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.41 and a current ratio of 1.72.

In other news, Director George Thanopoulos sold 100,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $17.21, for a total transaction of $1,721,000.00. Following the transaction, the director now directly owns 299,013 shares in the company, valued at approximately $5,146,013.73. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder American Securities Llc sold 15,000,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $17.37, for a total transaction of $260,550,000.00. The disclosure for this sale can be found here. Insiders sold 15,604,931 shares of company stock worth $271,156,687 in the last ninety days. 0.96% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of AXL. Ameritas Investment Partners Inc. lifted its position in American Axle & Manufact. by 7.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in American Axle & Manufact. by 13.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 895 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in American Axle & Manufact. by 2.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 67,689 shares of the auto parts company’s stock worth $1,056,000 after acquiring an additional 1,363 shares during the last quarter. Amalgamated Bank lifted its position in American Axle & Manufact. by 18.7% during the 2nd quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 1,900 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in American Axle & Manufact. by 5.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 56,999 shares of the auto parts company’s stock worth $889,000 after acquiring an additional 2,731 shares during the last quarter.

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American Axle & Manufact. Company Profile

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.

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

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