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

American Axle & Manufacturing (NYSE:AXL) is set to 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.Parties interested in registering for the company’s conference call can do so using this link.

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

Shares of NYSE:AXL opened at $5.88 on Wednesday. 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 stock’s 50 day moving average is $6.08 and its 200-day moving average is $6.75. The firm has a market capitalization of $691.37 million, a price-to-earnings ratio of 588.59 and a beta of 1.95.

Wall Street Analysts Forecast Growth

AXL has been the subject of several research reports. Bank of America increased their price target 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Finally, Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, American Axle & Manufacturing has a consensus rating of “Hold” and a consensus price target of $7.10.

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.