American Axle (AXL) Expected to Post Quarterly Sales of $1.75 Billion

Analysts forecast that American Axle (NYSE:AXL) will announce sales of $1.75 billion for the current quarter, according to Zacks. Three analysts have made estimates for American Axle’s earnings, with estimates ranging from $1.73 billion to $1.79 billion. American Axle posted sales of $1.05 billion during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The company is expected to issue its next earnings report on Friday, May 4th.

According to Zacks, analysts expect that American Axle will report full-year sales of $6.99 billion for the current fiscal year, with estimates ranging from $6.90 billion to $7.04 billion. For the next year, analysts forecast that the business will post sales of $7.15 billion per share, with estimates ranging from $7.04 billion to $7.28 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow American Axle.

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American Axle (NYSE:AXL) last issued its quarterly earnings data on Friday, February 16th. The auto parts company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.13. American Axle had a net margin of 5.38% and a return on equity of 32.04%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The firm’s revenue was up 83.2% compared to the same quarter last year.

A number of equities analysts have commented on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $25.00 price objective on shares of American Axle in a report on Sunday, January 21st. ValuEngine lowered shares of American Axle from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of American Axle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Guggenheim restated a “buy” rating and issued a $21.00 target price on shares of American Axle in a research note on Friday, February 23rd. Finally, Citigroup upgraded shares of American Axle from a “neutral” rating to a “buy” rating and upped their target price for the company from $15.34 to $20.00 in a research note on Tuesday, March 27th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. American Axle currently has an average rating of “Hold” and an average target price of $19.90.

In related news, Director George Thanopoulos sold 171,164 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $15.52, for a total transaction of $2,656,465.28. Following the completion of the sale, the director now owns 181,812 shares of the company’s stock, valued at approximately $2,821,722.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael Joseph Lynch sold 16,337 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $15.68, for a total transaction of $256,164.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 329,751 shares of company stock worth $5,138,985. Company insiders own 1.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Advisors Preferred LLC grew its position in shares of American Axle by 1,415.1% during the 4th quarter. Advisors Preferred LLC now owns 6,318 shares of the auto parts company’s stock valued at $108,000 after buying an additional 5,901 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Axle by 128.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,657 shares of the auto parts company’s stock valued at $113,000 after buying an additional 3,740 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of American Axle during the 4th quarter valued at about $126,000. Xact Kapitalforvaltning AB bought a new stake in shares of American Axle during the 4th quarter valued at about $193,000. Finally, Sciencast Management LP bought a new stake in shares of American Axle during the 4th quarter valued at about $206,000.

Shares of AXL stock opened at $16.13 on Thursday. American Axle has a 12 month low of $13.38 and a 12 month high of $20.27. The company has a current ratio of 1.60, a quick ratio of 1.28 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $1,810.84, a price-to-earnings ratio of 4.30, a PEG ratio of 0.56 and a beta of 1.37.

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American Axle Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products. The company's Driveline segment offers axles, driveshafts, 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 (NYSE:AXL)

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