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

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

American Axle & Manufacturing Price Performance

Shares of AXL traded up $0.57 during trading hours on Friday, hitting $5.32. The stock had a trading volume of 3,791,024 shares, compared to its average volume of 2,136,150. The company’s fifty day moving average is $5.76 and its two-hundred day moving average is $6.10. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. American Axle & Manufacturing has a 52 week low of $4.70 and a 52 week high of $8.98. The stock has a market capitalization of $624.94 million, a price-to-earnings ratio of 22.15 and a beta of 1.94.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, American Axle & Manufacturing currently has a consensus rating of “Hold” and a consensus target price 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.