American Axle & Manufacturing Holdings
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), American Axle & Manufacturing Holdings beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped to a loss.
Margins shrank across the board.
American Axle & Manufacturing Holdings reported revenue of $702.9 million. The 10 analysts polled by S&P Capital IQ wanted to see revenue of $684.9 million on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $647.6 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 $0.07. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. GAAP EPS were -$0.11 for Q3 against $0.33 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 12.9%, 440 basis points worse than the prior-year quarter. Operating margin was 4.3%, 420 basis points worse than the prior-year quarter. Net margin was -1.2%, 500 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $712.7 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $2.89 billion. The average EPS estimate is $1.93.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 198 members out of 315 rating the stock outperform, and 117 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give American Axle & Manufacturing Holdings a green thumbs-up, and 32 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 $12.85.
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