American Axle & Manufacturing (NYSE:AXL) Issues Quarterly Earnings Results

American Axle & Manufacturing (NYSE:AXL) released its earnings results on Friday. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03, Zacks reports. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. American Axle & Manufacturing updated its FY 2025 guidance to EPS.

American Axle & Manufacturing Stock Up 5.0 %

NYSE:AXL opened at $3.99 on Friday. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $7.98. 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 stock’s fifty day moving average is $4.01 and its two-hundred day moving average is $5.28. The stock has a market capitalization of $472.15 million, a price-to-earnings ratio of 14.25 and a beta of 1.70.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AXL shares. Barclays dropped their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. TD Cowen assumed coverage on American Axle & Manufacturing in a report on Friday, March 7th. They issued a “hold” rating and a $5.00 price target for the company. StockNews.com downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. UBS Group cut their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 6th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and a consensus target price of $6.25.

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.