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

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

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.59 billion. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. American Axle & Manufacturing’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business 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 Trading Down 2.8 %

NYSE AXL opened at $5.65 on Friday. The firm has a market capitalization of $664.33 million, a P/E ratio of 565.00 and a beta of 1.94. The business has a fifty day simple moving average of $6.12 and a 200 day simple moving average of $6.78. American Axle & Manufacturing has a 12 month low of $5.43 and a 12 month high of $8.99. The company has a current ratio of 1.68, a quick ratio of 1.30 and a debt-to-equity ratio of 4.42.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AXL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research note on Wednesday, September 4th. Finally, Bank of America raised their target price on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.10.

About American Axle & Manufacturing

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.