American Axle & Manufact. (NYSE:AXL) released its quarterly earnings data on Friday. The auto parts company reported ($1.79) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.13) by $0.34, MarketWatch Earnings reports. American Axle & Manufact. had a negative net margin of 16.69% and a positive return on equity of 15.33%. The company had revenue of $515.30 million during the quarter, compared to the consensus estimate of $414.62 million. During the same period last year, the firm earned $0.55 EPS. American Axle & Manufact.’s revenue for the quarter was down 69.8% on a year-over-year basis.
Shares of American Axle & Manufact. stock traded down $0.03 during trading on Friday, hitting $7.06. 3,356,630 shares of the stock traded hands, compared to its average volume of 1,300,180. The firm’s fifty day moving average is $7.38 and its 200-day moving average is $6.60. The stock has a market cap of $798.42 million, a price-to-earnings ratio of -0.77 and a beta of 2.72. American Axle & Manufact. has a 52 week low of $2.50 and a 52 week high of $12.41. The company has a quick ratio of 1.35, a current ratio of 1.68 and a debt-to-equity ratio of 8.95.
A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of American Axle & Manufact. from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Credit Suisse Group lowered American Axle & Manufact. from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $11.00 to $4.00 in a research note on Monday, April 27th. Finally, ValuEngine raised American Axle & Manufact. from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 9th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $8.50.
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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