American Axle & Manufacturing (AXL) to Release Earnings on Friday

American Axle & Manufacturing (NYSE:AXL) will announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. American Axle & Manufacturing has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. 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

American Axle & Manufacturing stock opened at $6.21 on Thursday. The firm has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $6.75. The company has a quick ratio of 1.30, a current ratio of 1.68 and a debt-to-equity ratio of 4.42. American Axle & Manufacturing has a twelve month low of $5.43 and a twelve month high of $8.99. The company has a market capitalization of $729.58 million, a PE ratio of 621.12 and a beta of 1.95.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AXL. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Finally, Bank of America upped their price target on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and an average price target of $7.38.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.