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

American Axle & Manufacturing (NYSE:AXL - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $1.39 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.25. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted ($0.11) 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 Stock Down 2.7 %

Shares of AXL traded down $0.14 during trading hours on Monday, reaching $4.91. The company's stock had a trading volume of 1,868,128 shares, compared to its average volume of 2,084,859. The company has a 50 day moving average of $5.92 and a two-hundred day moving average of $6.15. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The firm has a market cap of $576.73 million, a price-to-earnings ratio of 20.44 and a beta of 1.94. American Axle & Manufacturing has a 1-year low of $4.80 and a 1-year high of $8.98.

Wall Street Analyst Weigh In

Separately, Barclays decreased their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.30.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.