Analysts Anticipate American Axle & Manufact. Holdings, Inc. (AXL) Will Announce Quarterly Sales of $1.69 Billion

Wall Street brokerages forecast that American Axle & Manufact. Holdings, Inc. (NYSE:AXL) will post $1.69 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for American Axle & Manufact.’s earnings, with estimates ranging from $1.67 billion to $1.72 billion. American Axle & Manufact. reported sales of $946.50 million during the same quarter last year, which indicates a positive year-over-year growth rate of 78.6%. The company is expected to issue its next earnings report before the market opens on Friday, February 16th.

On average, analysts expect that American Axle & Manufact. will report full-year sales of $1.69 billion for the current financial year, with estimates ranging from $6.20 billion to $6.25 billion. For the next year, analysts expect that the firm will report sales of $6.71 billion per share, with estimates ranging from $6.39 billion to $7.02 billion. Zacks’ sales averages are an average based on a survey of research firms that follow American Axle & Manufact..

A number of research analysts have weighed in on AXL shares. Zacks Investment Research raised American Axle & Manufact. from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a research note on Monday, October 16th. Royal Bank of Canada reissued a “buy” rating and set a $23.00 price target on shares of American Axle & Manufact. in a research note on Friday, November 3rd. Bank of America increased their price target on American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. B. Riley reissued a “sell” rating on shares of American Axle & Manufact. in a research note on Wednesday, November 1st. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $16.00 target price (up from $11.00) on shares of American Axle & Manufact. in a research report on Tuesday, December 5th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. American Axle & Manufact. currently has a consensus rating of “Hold” and a consensus target price of $19.89.

American Axle & Manufact. (AXL) opened at $15.70 on Friday. American Axle & Manufact. has a 52 week low of $13.38 and a 52 week high of $21.25. The firm has a market capitalization of $1,750.00, a price-to-earnings ratio of 5.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.34. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 2.90.

In related news, Director George Thanopoulos sold 100,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $17.21, for a total value of $1,721,000.00. Following the transaction, the director now directly owns 299,013 shares of the company’s stock, valued at approximately $5,146,013.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 604,931 shares of company stock worth $10,606,687 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in American Axle & Manufact. by 128.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,657 shares of the auto parts company’s stock valued at $113,000 after purchasing an additional 3,740 shares during the period. Ameritas Investment Partners Inc. raised its position in American Axle & Manufact. by 7.6% in the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 503 shares during the period. Cerebellum GP LLC purchased a new position in American Axle & Manufact. in the fourth quarter valued at about $126,000. Public Employees Retirement System of Ohio raised its position in American Axle & Manufact. by 13.7% in the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 895 shares during the period. Finally, Victory Capital Management Inc. raised its position in American Axle & Manufact. by 76.9% in the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock valued at $171,000 after purchasing an additional 4,238 shares during the period.

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American Axle & Manufact. 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.

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