American Axle & Manufacturing (NYSE:AXL) Posts Earnings Results

American Axle & Manufacturing (NYSE:AXL - Get Free Report) posted its quarterly earnings results on Friday. The auto parts company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03, Zacks reports. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business's revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. American Axle & Manufacturing updated its FY 2025 guidance to EPS.

American Axle & Manufacturing Trading Up 5.3 %

Shares of American Axle & Manufacturing stock traded up $0.22 during trading hours on Thursday, hitting $4.35. The company's stock had a trading volume of 3,877,437 shares, compared to its average volume of 1,881,278. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The company has a market capitalization of $514.75 million, a PE ratio of 15.54 and a beta of 1.71. The business has a fifty day moving average of $3.96 and a 200 day moving average of $5.25. American Axle & Manufacturing has a 1-year low of $3.00 and a 1-year high of $7.98.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AXL shares. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday. StockNews.com cut shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Morgan Stanley reduced their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. TD Cowen started coverage on American Axle & Manufacturing in a research report on Friday, March 7th. They issued a "hold" rating and a $5.00 price objective for the company. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.00.

American Axle & Manufacturing Company Profile

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.