American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) is set to announce third quarter earning results on Friday 30th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AXL to report 3Q20 income of $ 0.25 per share.
For the full year, analysts anticipate top line of $ 4643.82 million, while looking forward to loss of $ 1.23 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 5,800.00 million ~ $ 6,000.00 million
Click Here For More Historical Outlooks Of American Axle & Manufacturing Holdings, Inc.
Previous Quarter Performance
American Axle & Manufacturing Holdings, Inc. disclosed loss for the second quarter of $ 1.79 per share, from the revenue of $ 515.30 million. The quarterly revenues fell 69.76 percent compared with the same quarter last year. According to street consensus, AXL was expected to report 2Q20 loss of $ 1.99 per share from revenue of $ 440.05 million. The bottom line results beat street analysts by $ 0.2 or 10.05 percent, at the same time, top line results outshined analysts by $ 75.25 million or 17.10 percent.
Stock Performance
Shares of American Axle & Manufacturing Holdings, Inc. traded up $ 0.14 or 2.16 percent on Thursday, reaching $ 6.63 with volume of 1.84 million shares. American Axle & Manufacturing Holdings, Inc. has traded high as $ 6.66 and has cracked $ 6.33 on the downward trend
According to the previous trading day, closing price of $ 6.63, representing a 159.60 % increase from the 52 week low of $ 2.50 and a 42.36 % decrease over the 52 week high of $ 11.26.
The company has a market capital of $ 751.00 million and is part of the Consumer Goods sector and Auto Parts industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Bank of America at Buy rating, with $ 11.50 target price.
Conference Call
American Axle & Manufacturing Holdings, Inc. will be hosting a conference call at 10:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aam.com
American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The companys Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. Its Metal Forming segment provides axle and transmission shafts, ring and pinion gears, differential gears, transmission gears, and suspension components for original equipment manufacturers and automotive suppliers.
