American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) – Equities researchers at KeyCorp issued their Q1 2017 earnings per share estimates for shares of American Axle & Manufacturing Holdings in a report released on Monday. KeyCorp analyst B. Hoselton forecasts that the brokerage will post earnings of $1.01 per share for the quarter. KeyCorp currently has a “Overweight” rating on the stock. KeyCorp also issued estimates for American Axle & Manufacturing Holdings’ Q4 2017 earnings at $0.86 EPS.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Friday, February 10th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.10. American Axle & Manufacturing Holdings had a return on equity of 54.01% and a net margin of 6.10%. The firm had revenue of $946.50 million for the quarter, compared to analysts’ expectations of $965.42 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year.

“American Axle & Manufacturing Holdings, Inc. Forecasted to Earn Q1 2017 Earnings of $1.01 Per Share (AXL)” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece can be read at http://www.dailypolitical.com/2017/02/17/american-axle-manufacturing-holdings-inc-forecasted-to-earn-q1-2017-earnings-of-1-01-per-share-axl.html.

Earnings History and Estimates for American Axle & Manufacturing Holdings (NYSE:AXL)

A number of other research analysts have also commented on AXL. Zacks Investment Research raised shares of American Axle & Manufacturing Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Tuesday. FBR & Co reissued an “underperform” rating on shares of American Axle & Manufacturing Holdings in a research note on Monday. RBC Capital Markets raised shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $16.00 to $23.00 in a research note on Tuesday, December 20th. Bank of America Corporation cut shares of American Axle & Manufacturing Holdings from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $20.00 to $13.00 in a research note on Wednesday, November 9th. Finally, Royal Bank Of Canada raised shares of American Axle & Manufacturing Holdings from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $16.00 to $23.00 in a research note on Tuesday, December 20th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.38.

Shares of American Axle & Manufacturing Holdings (NYSE:AXL) opened at 19.95 on Wednesday. The company has a market cap of $1.53 billion, a PE ratio of 6.52 and a beta of 1.37. The company’s 50-day moving average price is $20.17 and its 200 day moving average price is $17.76. American Axle & Manufacturing Holdings has a one year low of $12.31 and a one year high of $21.25.

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of American Axle & Manufacturing Holdings by 9.2% in the second quarter. Vanguard Group Inc. now owns 9,198,004 shares of the company’s stock valued at $133,188,000 after buying an additional 772,019 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of American Axle & Manufacturing Holdings by 8.1% in the third quarter. BlackRock Fund Advisors now owns 5,358,424 shares of the company’s stock valued at $92,272,000 after buying an additional 402,713 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Axle & Manufacturing Holdings by 10.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,352,448 shares of the company’s stock valued at $64,703,000 after buying an additional 314,266 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of American Axle & Manufacturing Holdings by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,849,546 shares of the company’s stock valued at $49,069,000 after buying an additional 29,372 shares in the last quarter. Finally, Anchor Bolt Capital LP boosted its stake in shares of American Axle & Manufacturing Holdings by 161.2% in the second quarter. Anchor Bolt Capital LP now owns 2,495,935 shares of the company’s stock valued at $36,141,000 after buying an additional 1,540,254 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

“American Axle & Manufacturing Holdings, Inc. Forecasted to Earn Q1 2017 Earnings of $1.01 Per Share (AXL)” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece can be read at http://www.dailypolitical.com/2017/02/17/american-axle-manufacturing-holdings-inc-forecasted-to-earn-q1-2017-earnings-of-1-01-per-share-axl.html.

In other news, Director Peter David Lyons acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, December 14th. The shares were purchased at an average cost of $17.50 per share, with a total value of $87,500.00. Following the completion of the purchase, the director now owns 16,361 shares of the company’s stock, valued at $286,317.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

About American Axle & Manufacturing Holdings

American Axle & Manufacturing Holdings, Inc manufactures, engineers, designs and validates driveline and drivetrain systems, and related components, and chassis modules for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. The Company supplies its products to automotive industry.

5 Day Chart for NYSE:AXL

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