American Axle & Manufacturing (NYSE:AXL – Get Free Report) will announce its earnings outcomes earlier than the market opens on Friday, November eighth. Analysts anticipate the corporate to announce earnings of $0.01 per share for the quarter. American Axle & Manufacturing has set its FY 2024 steering at EPS.Particular person fascinated by collaborating within the firm’s earnings convention name can accomplish that utilizing this hyperlink.
American Axle & Manufacturing (NYSE:AXL – Get Free Report) final introduced its quarterly earnings knowledge on Friday, August ninth. The auto elements firm reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The corporate had income of $1.63 billion through the quarter, in comparison with analysts’ expectations of $1.59 billion. American Axle & Manufacturing had a web margin of 0.04% and a return on fairness of three.47%. The agency’s income was up 3.9% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the corporate earned $0.12 EPS. On common, analysts anticipate American Axle & Manufacturing to publish $0 EPS for the present fiscal yr and $1 EPS for the following fiscal yr.
American Axle & Manufacturing Inventory Efficiency
American Axle & Manufacturing inventory opened at $6.21 on Thursday. The agency has a fifty day easy transferring common of $6.07 and a two-hundred day easy transferring common of $6.75. The corporate has a fast ratio of 1.30, a present ratio of 1.68 and a debt-to-equity ratio of 4.42. American Axle & Manufacturing has a twelve month low of $5.43 and a twelve month excessive of $8.99. The corporate has a market capitalization of $729.58 million, a PE ratio of 621.12 and a beta of 1.95.
Wall Road Analysts Forecast Development
A number of brokerages lately weighed in on AXL. Wolfe Analysis upgraded American Axle & Manufacturing to a “maintain” ranking in a report on Wednesday, September 4th. Deutsche Financial institution Aktiengesellschaft restated a “maintain” ranking and issued a $6.00 goal value on shares of American Axle & Manufacturing in a report on Tuesday, September tenth. Lastly, Financial institution of America upped their value goal on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the corporate an “underperform” ranking in a report on Monday, August twelfth. One analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and one has given a purchase ranking to the corporate. Based on knowledge from MarketBeat, American Axle & Manufacturing at present has a median ranking of “Maintain” and a median value goal of $7.38.
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American Axle & Manufacturing Firm Profile
American Axle & Manufacturing Holdings, Inc, along with its subsidiaries, designs, engineers, and manufactures driveline and metallic forming applied sciences that helps electrical, hybrid, and inner combustion autos. It operates by way of two segments, Driveline and Metallic Forming segments. The Driveline phase gives entrance and rear axles, driveshafts, differential assemblies, clutch modules, steadiness shaft methods, disconnecting driveline expertise, and electrical and hybrid driveline merchandise and methods for gentle vans, sport utility autos, crossover autos, passenger automobiles, and industrial autos.
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