Brokers Offer Predictions for American Axle & Manufacturing Holdings, Inc.’s Q4 2024 Earnings (NYSE:AXL)

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) – Equities research analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for American Axle & Manufacturing in a report released on Wednesday, May 22nd. Zacks Research analyst R. Department now expects that the auto parts company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.08. The consensus estimate for American Axle & Manufacturing’s current full-year earnings is $0.40 per share. Zacks Research also issued estimates for American Axle & Manufacturing’s Q1 2026 earnings at $0.20 EPS and FY2026 earnings at $0.85 EPS.

A number of other research analysts also recently weighed in on AXL. StockNews.com raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Citigroup increased their price target on American Axle & Manufacturing from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, UBS Group upped their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, American Axle & Manufacturing has a consensus rating of “Hold” and a consensus price target of $8.00.

American Axle & Manufacturing Trading Up 1.2 %

AXL opened at $7.41 on Friday. The firm’s fifty day simple moving average is $7.38 and its 200 day simple moving average is $7.57. The stock has a market capitalization of $871.05 million, a P/E ratio of -105.84, a P/E/G ratio of 2.28 and a beta of 2.19. The company has a current ratio of 1.69, a quick ratio of 1.31 and a debt-to-equity ratio of 4.40. American Axle & Manufacturing has a 12 month low of $6.29 and a 12 month high of $9.55.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, May 3rd. The auto parts company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.02 by $0.16. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.52 billion. American Axle & Manufacturing had a positive return on equity of 1.92% and a negative net margin of 0.13%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of large investors have recently bought and sold shares of AXL. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of American Axle & Manufacturing in the 3rd quarter valued at $76,000. GAMMA Investing LLC bought a new position in American Axle & Manufacturing in the fourth quarter valued at about $76,000. EntryPoint Capital LLC acquired a new position in American Axle & Manufacturing during the first quarter worth about $76,000. QRG Capital Management Inc. bought a new position in shares of American Axle & Manufacturing in the third quarter worth about $84,000. Finally, Jump Financial LLC acquired a new stake in shares of American Axle & Manufacturing in the 3rd quarter valued at approximately $141,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.