American Axle & Manufacturing (NYSE:AXL) Posts Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• American Axle & Manufacturing reported **$0.21** earnings per share for the quarter, surpassing analysts' expectations of **$0.14** by **$0.07**, while total revenue was **$1.54 billion**, matching estimates.
• Despite lower revenue, which was down **5.9%** year-over-year, the company's return on equity stood at **8.70%**, reflecting a modest net margin of **0.36%**.
• UBS Group upgraded the stock from "neutral" to "buy," raising the price target from **$4.50 to $7.00**, indicating increased analyst confidence in the company.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) posted its quarterly earnings results on Friday. The auto parts company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.07, RTT News reports. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter in the prior year, the business earned $0.19 EPS. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. American Axle & Manufacturing updated its FY 2025 guidance to EPS.

American Axle & Manufacturing Trading Up 2.3%

NYSE AXL traded up $0.13 on Tuesday, hitting $5.67. The company's stock had a trading volume of 950,805 shares, compared to its average volume of 2,912,579. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. American Axle & Manufacturing has a 1-year low of $3.00 and a 1-year high of $7.03. The company's 50-day moving average is $4.47 and its 200 day moving average is $4.43. The firm has a market cap of $672.21 million, a PE ratio of 16.67 and a beta of 1.59.

Hedge Funds Weigh In On American Axle & Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXL. Royal Bank of Canada increased its position in American Axle & Manufacturing by 98.9% in the 1st quarter. Royal Bank of Canada now owns 60,425 shares of the auto parts company's stock valued at $246,000 after acquiring an additional 30,046 shares during the period. AQR Capital Management LLC increased its position in American Axle & Manufacturing by 2.8% in the 1st quarter. AQR Capital Management LLC now owns 452,658 shares of the auto parts company's stock valued at $1,842,000 after acquiring an additional 12,477 shares during the period. Millennium Management LLC lifted its stake in shares of American Axle & Manufacturing by 77.9% in the first quarter. Millennium Management LLC now owns 1,550,521 shares of the auto parts company's stock worth $6,311,000 after acquiring an additional 679,042 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of American Axle & Manufacturing by 24.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,490,388 shares of the auto parts company's stock worth $6,066,000 after acquiring an additional 291,908 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of American Axle & Manufacturing by 3.0% in the first quarter. Empowered Funds LLC now owns 567,790 shares of the auto parts company's stock worth $2,311,000 after acquiring an additional 16,674 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Cowen restated a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. UBS Group restated a "buy" rating on shares of American Axle & Manufacturing in a research note on Sunday. Royal Bank Of Canada restated a "sector perform" rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Morgan Stanley dropped their price target on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Finally, Wall Street Zen raised American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of "Hold" and an average price target of $6.43.

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.