American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) posted its quarterly earnings results on Friday. The auto parts company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.21, Bloomberg Earnings reports. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The business’s revenue for the quarter was up 71.2% on a year-over-year basis.

American Axle & Manufacturing Holdings (AXL) opened at $18.94 on Friday. The stock has a market capitalization of $2,107.83, a price-to-earnings ratio of 5.17, a P/E/G ratio of 0.71 and a beta of 1.37. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 3.22.

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Several analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price target on shares of American Axle & Manufacturing Holdings in a research note on Friday. Zacks Investment Research cut shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub cut shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. ValuEngine raised shares of American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, Off Wall Street initiated coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.50.

In other American Axle & Manufacturing Holdings news, Director George Thanopoulos sold 125,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the sale, the director now directly owns 1,001,986 shares in the company, valued at approximately $15,059,849.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.96% of the stock is owned by corporate insiders.

American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

Earnings History for American Axle & Manufacturing Holdings (NYSE:AXL)

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