American Axle & Manufacturing Holdings Misses Where It Counts
American Axle & Manufacturing Holdings (NYS: AXL) reported earnings on April 27. Here are the numbers you need to know.
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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At the time this article was published 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 ofMotley 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.