American Axle & Manufacturing (NYSE:AXL) Issues Quarterly Earnings Results

American Axle & Manufacturing (NYSE:AXL) announced its quarterly earnings data on Friday. The auto parts company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06), RTT News reports. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) EPS. American Axle & Manufacturing updated its FY 2025 guidance to EPS.

American Axle & Manufacturing Price Performance

Shares of AXL traded up $0.51 during mid-day trading on Friday, reaching $5.26. The company had a trading volume of 4,057,982 shares, compared to its average volume of 2,150,884. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The company has a market capitalization of $617.88 million, a P/E ratio of 21.94 and a beta of 1.94. American Axle & Manufacturing has a twelve month low of $4.70 and a twelve month high of $8.98. The company’s 50-day moving average is $5.76 and its 200-day moving average is $6.10.

Analysts Set New Price Targets

Separately, Barclays reduced their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.30.

American Axle & Manufacturing Company Profile

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.