American Axle & Manufacturing Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), American Axle & Manufacturing Holdings met expectations on revenues and missed estimates on earnings per share.
Compared with the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
American Axle & Manufacturing Holdings logged revenue of $751.5 million. The eight analysts polled by S&P Capital IQ anticipated sales of $759.8 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $645.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.61. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.63 per share. GAAP EPS of $0.68 for Q1 were 36% higher than the prior-year quarter's $0.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.5%, 60 basis points better than the prior-year quarter. Operating margin was 10.3%, 120 basis points better than the prior-year quarter. Net margin was 6.8%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $702.3 million. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $2.81 billion. The average EPS estimate is $2.03.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 193 members out of 313 rating the stock outperform, and 120 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give American Axle & Manufacturing Holdings a green thumbs-up, and 37 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 $13.67.
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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. He is the 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 don't 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.