American Axle & Manufacturing Holdings
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), American Axle & Manufacturing Holdings missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Gross margins increased, operating margins dropped, net margins dropped.
American Axle & Manufacturing Holdings reported revenue of $605.6 million. The eight analysts polled by S&P Capital IQ expected sales of $617.4 million. Sales were 3.8% higher than the prior-year quarter's $583.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.48. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.39 per share on the same basis. GAAP EPS of $0.41 for Q4 were 13% lower than the prior-year quarter's $0.47 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 17.5%, 20 basis points better than the prior-year quarter. Operating margin was 8.0%, 70 basis points worse than the prior-year quarter. Net margin was 5.1%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $759.5 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $2.79 billion. The average EPS estimate is $2.02.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 191 members rating the stock outperform and 124 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give American Axle & Manufacturing Holdings a green thumbs-up, and 36 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Axle & Manufacturing Holdings is hold, with an average price target of $13.40.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.