Brokerages predict that American Axle (NYSE:AXL) will announce earnings per share (EPS) of $0.84 for the current quarter, Zacks reports. Three analysts have made estimates for American Axle’s earnings, with estimates ranging from $0.73 to $1.05. American Axle reported earnings per share of $1.03 in the same quarter last year, which suggests a negative year-over-year growth rate of 18.4%. The firm is expected to announce its next earnings report on Friday, May 4th.
According to Zacks, analysts expect that American Axle will report full year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.33 to $3.90. For the next year, analysts anticipate that the business will post earnings of $3.61 per share, with EPS estimates ranging from $2.65 to $4.01. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover American Axle.
American Axle (NYSE:AXL) last released its earnings results on Friday, February 16th. The auto parts company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.13. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. American Axle had a net margin of 5.38% and a return on equity of 32.04%. The firm’s quarterly revenue was up 83.2% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share.
Shares of American Axle stock traded down $0.19 during trading on Tuesday, hitting $16.08. The stock had a trading volume of 1,876,358 shares, compared to its average volume of 2,409,734. The company has a market cap of $1,787.47, a P/E ratio of 4.29, a price-to-earnings-growth ratio of 0.56 and a beta of 1.37. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.60 and a quick ratio of 1.28. American Axle has a 1 year low of $13.38 and a 1 year high of $20.27.
In other American Axle news, insider Alberto L. Satine sold 25,349 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $15.01, for a total value of $380,488.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Thanopoulos sold 116,901 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $15.79, for a total transaction of $1,845,866.79. Following the completion of the sale, the director now directly owns 181,812 shares of the company’s stock, valued at $2,870,811.48. The disclosure for this sale can be found here. Insiders sold 329,751 shares of company stock valued at $5,138,985 over the last three months. Insiders own 1.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Advisors Preferred LLC grew its position in American Axle by 1,415.1% in the fourth quarter. Advisors Preferred LLC now owns 6,318 shares of the auto parts company’s stock worth $108,000 after acquiring an additional 5,901 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in American Axle by 128.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,657 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 3,740 shares in the last quarter. Cerebellum GP LLC bought a new stake in American Axle in the fourth quarter worth approximately $126,000. Xact Kapitalforvaltning AB bought a new stake in American Axle in the fourth quarter worth approximately $193,000. Finally, Sciencast Management LP bought a new stake in American Axle in the fourth quarter worth approximately $206,000.
American Axle Company Profile
American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.
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