American Axle & Manufacturing (NYSE:AXL) Posts Earnings Results, Meets Estimates

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

American Axle & Manufacturing Stock Performance

AXL stock traded up $0.57 on Friday, reaching $5.32. 3,791,024 shares of the company were exchanged, compared to its average volume of 2,136,150. American Axle & Manufacturing has a 12 month low of $4.70 and a 12 month high of $8.98. The stock’s fifty day moving average price is $5.76 and its 200 day moving average price is $6.10. The firm has a market capitalization of $624.94 million, a PE ratio of 22.15 and a beta of 1.94. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29.

Wall Street Analyst Weigh In

Separately, Barclays cut 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 report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.