American Axle & Manufacturing Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), American Axle & Manufacturing Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share contracted significantly.
Margins shrank across the board.
Revenue details
American Axle & Manufacturing Holdings chalked up revenue of $755.6 million. The nine analysts polled by S&P Capital IQ hoped for revenue of $749.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.24. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.16 per share. Non-GAAP EPS of $0.24 for Q1 were 61% lower than the prior-year quarter's $0.61 per share. GAAP EPS of $0.10 for Q1 were 85% lower than the prior-year quarter's $0.68 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 13.8%, 340 basis points worse than the prior-year quarter. Operating margin was 5.9%, 310 basis points worse than the prior-year quarter. Net margin was 1.0%, 580 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $813.0 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $3.28 billion. The average EPS estimate is $1.69.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 190 members out of 306 rating the stock outperform, and 116 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give American Axle & Manufacturing Holdings a green thumbs-up, and 28 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 outperform, with an average price target of $13.50.
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