Equities analysts forecast that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will announce $1.74 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for American Axle & Manufact.’s earnings. The lowest sales estimate is $1.73 billion and the highest is $1.74 billion. American Axle & Manufact. reported sales of $1.86 billion in the same quarter last year, which indicates a negative year over year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings results on Friday, May 3rd.

On average, analysts expect that American Axle & Manufact. will report full-year sales of $7.31 billion for the current financial year, with estimates ranging from $7.20 billion to $7.39 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.26 billion, with estimates ranging from $7.02 billion to $7.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover American Axle & Manufact..

American Axle & Manufact. (NYSE:AXL) last released its earnings results on Friday, February 15th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. American Axle & Manufact. had a positive return on equity of 22.35% and a negative net margin of 0.79%. American Axle & Manufact.’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share.

A number of research firms recently issued reports on AXL. ValuEngine raised American Axle & Manufact. from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Bank of America raised American Axle & Manufact. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $15.00 to $20.00 in a research report on Wednesday, February 20th. Royal Bank of Canada lifted their target price on American Axle & Manufact. from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Tuesday, February 19th. Finally, TheStreet raised American Axle & Manufact. from a “c” rating to a “b-” rating in a research report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.00.

In related news, SVP Alberto L. Satine sold 15,033 shares of American Axle & Manufact. stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $16.75, for a total transaction of $251,802.75. Following the completion of the transaction, the senior vice president now owns 59,420 shares in the company, valued at $995,285. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tolga I. Oal sold 14,876 shares of American Axle & Manufact. stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $14.47, for a total value of $215,255.72. Following the transaction, the insider now owns 97,430 shares of the company’s stock, valued at approximately $1,409,812.10. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new position in American Axle & Manufact. during the first quarter worth about $33,000. O Shaughnessy Asset Management LLC bought a new position in American Axle & Manufact. during the fourth quarter worth about $45,000. Dubuque Bank & Trust Co. bought a new position in American Axle & Manufact. during the fourth quarter worth about $48,000. Advisory Services Network LLC boosted its holdings in shares of American Axle & Manufact. by 535.0% during the fourth quarter. Advisory Services Network LLC now owns 4,458 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 3,756 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of American Axle & Manufact. by 119.8% during the fourth quarter. Advisor Group Inc. now owns 5,002 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 2,726 shares during the period. Institutional investors and hedge funds own 98.64% of the company’s stock.

Shares of NYSE:AXL traded down $0.22 during midday trading on Friday, reaching $15.88. The company had a trading volume of 1,027,172 shares, compared to its average volume of 1,773,167. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.16 and a current ratio of 1.50. The company has a market cap of $1.80 billion, a P/E ratio of 4.84, a P/E/G ratio of 0.66 and a beta of 1.66. American Axle & Manufact. has a 1-year low of $10.13 and a 1-year high of $19.34.

About American Axle & Manufact.

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, 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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Earnings History and Estimates for American Axle & Manufact. (NYSE:AXL)

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