American Axle & Manufact. Holdings, Inc. (AXL) to Post Q1 2019 Earnings of $0.35 Per Share, B. Riley Forecasts

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) – Research analysts at B. Riley cut their Q1 2019 earnings per share estimates for shares of American Axle & Manufact. in a research note issued on Tuesday, February 19th. B. Riley analyst C. Horn now expects that the auto parts company will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.73. B. Riley currently has a “Sell” rating and a $10.00 price target on the stock. B. Riley also issued estimates for American Axle & Manufact.’s Q3 2019 earnings at $1.02 EPS and Q4 2019 earnings at $0.90 EPS.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings data on Friday, February 15th. The auto parts company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. American Axle & Manufact. had a positive return on equity of 22.35% and a negative net margin of 0.79%. The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share.

AXL has been the topic of a number of other research reports. Zacks Investment Research lowered American Axle & Manufact. from a “hold” rating to a “strong sell” rating in a research note on Friday, November 16th. TheStreet lowered American Axle & Manufact. from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Morgan Stanley set a $19.00 target price on American Axle & Manufact. and gave the stock a “buy” rating in a research report on Tuesday, January 29th. ValuEngine upgraded American Axle & Manufact. from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 2nd. Finally, Barclays set a $15.00 target price on American Axle & Manufact. and gave the stock a “buy” rating in a research report on Monday, November 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.50.

American Axle & Manufact. stock opened at $16.81 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.16 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 5.13, a price-to-earnings-growth ratio of 0.73 and a beta of 1.65. American Axle & Manufact. has a 52 week low of $10.13 and a 52 week high of $19.34.

Hedge funds have recently added to or reduced their stakes in the company. Calamos Advisors LLC bought a new stake in shares of American Axle & Manufact. during the third quarter worth $483,000. Macquarie Group Ltd. bought a new stake in American Axle & Manufact. in the third quarter valued at about $750,000. Vanguard Group Inc increased its holdings in American Axle & Manufact. by 2.5% in the third quarter. Vanguard Group Inc now owns 10,846,024 shares of the auto parts company’s stock valued at $189,156,000 after purchasing an additional 266,801 shares during the last quarter. United Services Automobile Association increased its holdings in American Axle & Manufact. by 12.1% in the third quarter. United Services Automobile Association now owns 553,002 shares of the auto parts company’s stock valued at $9,644,000 after purchasing an additional 59,881 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in American Axle & Manufact. by 32.0% in the third quarter. Allianz Asset Management GmbH now owns 1,237,000 shares of the auto parts company’s stock valued at $21,573,000 after purchasing an additional 300,000 shares during the last quarter. Institutional investors own 98.64% of the company’s stock.

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. The company's Driveline segment offers axles, driveshafts, 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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Earnings History and Estimates for American Axle & Manufact. (NYSE:AXL)

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