For its first fiscal quarter (ending March 31), American Axle & Manufacturing Ho (NYSE: AXL) has reported E.P.S. of $0.17 compared to $-0.04 a year ago. This performance was $0.13 better than the consensus estimate of $0.04. For the latest four quarters through March 31, E.P.S. were $-0.07 compared to $0.48 a year ago — a decline of -115%.
Recent Price Action
American Axle & Manufacturing Ho (NYSE: AXL) stock enjoyed a large increase of 2.3% on 5/3/24. The stock closed at $7.49. This advance was accompanied by normal trading volume. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AXL is expected to continue to be a Value Builder.
American Axle & Manufacturing Ho has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. American Axle & Manufacturing Ho has a neutral Appreciation Score of 46 and a neutral Power Rating of 45, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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