Zacks Research Has Bearish Estimate for AXL Q3 Earnings

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) - Equities researchers at Zacks Research lowered their Q3 2026 earnings per share estimates for shares of American Axle & Manufacturing in a research report issued on Friday, May 23rd. Zacks Research analyst R. Department now anticipates that the auto parts company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.13. The consensus estimate for American Axle & Manufacturing's current full-year earnings is $0.57 per share. Zacks Research also issued estimates for American Axle & Manufacturing's FY2026 earnings at $0.46 EPS, Q1 2027 earnings at $0.25 EPS and FY2027 earnings at $0.91 EPS.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. The business's revenue was down 12.2% compared to the same quarter last year.

A number of other brokerages have also commented on AXL. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $5.00 price objective on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. UBS Group cut their target price on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley lowered their target price on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $5.93.

American Axle & Manufacturing Price Performance

NYSE:AXL traded down $0.02 on Monday, reaching $4.44. The stock had a trading volume of 200,529 shares, compared to its average volume of 2,608,637. 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 $527.33 million, a P/E ratio of 15.87 and a beta of 1.71. American Axle & Manufacturing has a 1-year low of $3.00 and a 1-year high of $7.76. The stock has a fifty day moving average price of $3.92 and a 200-day moving average price of $5.06.

Hedge Funds Weigh In On American Axle & Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in American Axle & Manufacturing by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock valued at $91,608,000 after acquiring an additional 462,847 shares during the last quarter. American Century Companies Inc. grew its holdings in American Axle & Manufacturing by 11.1% during the first quarter. American Century Companies Inc. now owns 4,283,580 shares of the auto parts company's stock worth $17,434,000 after purchasing an additional 427,071 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in American Axle & Manufacturing by 1.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,286,516 shares of the auto parts company's stock valued at $13,376,000 after buying an additional 44,663 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of American Axle & Manufacturing by 20.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,649,397 shares of the auto parts company's stock valued at $10,783,000 after buying an additional 444,134 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in American Axle & Manufacturing by 3.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,346,254 shares of the auto parts company's stock valued at $13,679,000 after acquiring an additional 72,337 shares during the period. 91.41% of the stock is owned by institutional investors.

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.