American Axle & Manufacturing (NYSE:AXL – Get Rating) is scheduled to release its earnings data before the market opens on Friday, May 5th. Analysts expect American Axle & Manufacturing to post earnings of ($0.06) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
American Axle & Manufacturing (NYSE:AXL – Get Rating) last issued its earnings results on Friday, February 17th. The auto parts company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.08). American Axle & Manufacturing had a net margin of 1.11% and a return on equity of 14.06%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. On average, analysts expect American Axle & Manufacturing to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
American Axle & Manufacturing Stock Performance
Shares of AXL stock opened at $6.94 on Friday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.28 and a current ratio of 1.66. American Axle & Manufacturing has a fifty-two week low of $6.36 and a fifty-two week high of $11.96. The company has a market capitalization of $810.73 million, a P/E ratio of 13.09, a PEG ratio of 2.55 and a beta of 2.26. The stock has a 50 day moving average price of $7.95 and a two-hundred day moving average price of $8.62.
Wall Street Analyst Weigh In
Insider Activity
In other news, VP David Eugene Barnes sold 29,533 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $9.00, for a total transaction of $265,797.00. Following the sale, the vice president now owns 104,621 shares in the company, valued at approximately $941,589. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd increased its holdings in shares of American Axle & Manufacturing by 703.4% during the first quarter. Point72 Hong Kong Ltd now owns 8,886 shares of the auto parts company’s stock valued at $69,000 after acquiring an additional 7,780 shares in the last quarter. Pathstone Family Office LLC purchased a new position in American Axle & Manufacturing in the third quarter worth about $72,000. Tower Research Capital LLC TRC lifted its stake in shares of American Axle & Manufacturing by 146.0% in the third quarter. Tower Research Capital LLC TRC now owns 11,936 shares of the auto parts company’s stock worth $82,000 after buying an additional 7,084 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of American Axle & Manufacturing during the fourth quarter valued at approximately $95,000. Finally, Captrust Financial Advisors increased its position in shares of American Axle & Manufacturing by 20.5% during the first quarter. Captrust Financial Advisors now owns 12,890 shares of the auto parts company’s stock valued at $100,000 after acquiring an additional 2,189 shares in the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.
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 following segments: Driveline and Metal Forming. 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.
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