American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming products in the United States, Mexico, South America, China, other Asian countries, and Europe. The company's Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. Its Metal Forming segment provides axle and transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings, Inc. has technology development agreement with Suzhou Inovance Automotive Ltd. The company was founded in 1994 and is headquartered in Detroit, Michigan.
IPO Year:
Exchange: NYSE
Website: aam.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/10/2024 | $6.00 | Hold | Deutsche Bank |
| 2/28/2024 | $7.00 | Sell → Neutral | UBS |
| 1/17/2024 | $8.00 → $6.50 | Neutral → Sell | UBS |
| 11/28/2023 | $9.00 → $8.00 | Neutral → Underperform | BofA Securities |
| 9/13/2023 | $9.00 | Neutral | UBS |
| 2/15/2023 | $10.00 | Equal Weight | Barclays |
| 9/9/2022 | $16.00 → $13.00 | Buy → Neutral | BofA Securities |
| 8/18/2022 | Outperform → Peer Perform | Wolfe Research | |
| 4/11/2022 | $7.00 | Neutral | Exane BNP Paribas |
| 2/28/2022 | $8.00 → $16.00 | Underweight → Overweight | Morgan Stanley |
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4 - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Issuer)
AAM Delivers Positive Year-Over-Year Performance DETROIT, Nov. 8, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the third quarter 2024. Third Quarter 2024 Results Sales of $1.50 billionNet income of $10.0 million, or 0.7% of salesAdjusted EBITDA of $174.4 million, or 11.6% of salesDiluted earnings per share of $0.08; Adjusted earnings per share of $0.20Net cash provided by operating activities of $143.6 million; Adjusted free cash flow of $74.6 million"AAM delivered solid third quarter financial pe
DETROIT, Oct. 25, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss third quarter financial results and other related matters at 10:00 a.m. ET on Friday, November 8, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 3156544. To participate by live audio webcast o
AAM Delivers Another Solid Quarter DETROIT, Aug. 9, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the second quarter 2024. Second Quarter 2024 Results Sales of $1.63 billionNet income of $18.2 million, or 1.1% of salesAdjusted EBITDA of $208.4 million, or 12.8% of salesDiluted earnings per share of $0.15; Adjusted earnings per share of $0.19Net cash provided by operating activities of $142.8 million; Adjusted free cash flow of $97.9 million"AAM's solid second quarter results reflect positive contri
DETROIT, July 26, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss second quarter financial results and other related matters at 10:00 a.m. ET on Friday, August 9, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 5418526. To participate by live audio webcast o
AAM Starts 2024 With Solid Performance DETROIT, May 3, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the first quarter 2024. First Quarter 2024 Results Sales of $1.61 billionNet income of $20.5 million, or 1.3% of salesAdjusted EBITDA of $205.6 million, or 12.8% of salesDiluted earnings per share of $0.17; Adjusted earnings per share of $0.18Net cash provided by operating activities of $17.8 million; Adjusted free cash flow use of $(21.4) million"AAM is off to a good start in 2024, posting solid fi
DETROIT, April 19, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss first quarter financial results and other related matters at 10:00 a.m. ET on Friday, May 3, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 9770147. To participate by live audio webcast or li
AAM Delivers Sequential Margin Improvement DETROIT, Feb. 16, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the fourth quarter and full year 2023. Fourth Quarter 2023 Results Sales of $1.46 billionNet loss of $(19.1) million, or (1.3)% of salesAdjusted EBITDA of $169.5 million, or 11.6% of salesDiluted loss per share of $(0.16); Adjusted loss per share of $(0.09)Net cash provided by operating activities of $52.9 million; Adjusted free cash flow of $4.5 millionFull Year 2023 Results Sales of $6.08 bi
DETROIT, Feb. 5, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss fourth quarter and full year financial results and other related matters at 10:00 a.m. ET on Friday, February 16, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 133151. To participate by live
Delivers Strong Cash Flow DETROIT, Aug. 4, 2023 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the second quarter 2023. Second Quarter 2023 Results Sales of $1.57 billionNet income of $8.0 million, or 0.5% of salesAdjusted EBITDA of $191.6 million, or 12.2% of salesDiluted earnings per share of $0.07; Adjusted earnings per share of $0.12Net cash provided by operating activities of $132.8 million; Adjusted free cash flow of $95.8 million"AAM posted positive second quarter financial performance while navig
DETROIT, July 21, 2023 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss second quarter results and other related matters at 10:00 a.m. ET on Friday, August 4. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 5400408. To participate by live audio webcast or listen to the b
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AAM Delivers Positive Year-Over-Year Performance DETROIT, Nov. 8, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the third quarter 2024. Third Quarter 2024 Results Sales of $1.50 billionNet income of $10.0 million, or 0.7% of salesAdjusted EBITDA of $174.4 million, or 11.6% of salesDiluted earnings per share of $0.08; Adjusted earnings per share of $0.20Net cash provided by operating activities of $143.6 million; Adjusted free cash flow of $74.6 million"AAM delivered solid third quarter financial pe
DETROIT, Oct. 25, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss third quarter financial results and other related matters at 10:00 a.m. ET on Friday, November 8, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 3156544. To participate by live audio webcast o
DETROIT, Oct. 17, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) announced today that it has entered into a definitive agreement to sell its commercial vehicle axle business and related assets in India (AAM India Manufacturing Corporation Pvt., Ltd. or AAMIMCPL), to Bharat Forge Limited (BFL), for a purchase price of $65 million, subject to certain customary adjustments at closing. The business being sold generated approximately $156 million of sales in the last twelve months ending June 30, 2024. BFL is the Pune-based flagship company of
Calgary, Alberta--(Newsfile Corp. - September 27, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV:AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce its AGM voting results.Report in Respect of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure ObligationsThe following sets forth a brief description of each matter voted upon at the annual general meeting (the "Meeting") of the holders of common shares of Arrow held on September 25, 2024 and the outcome of the vote: Description of MatterOutcome of VoteVotes ForVotes Against or WithheldNumber of Directors
CNB HZ-5 on productionCalgary, Alberta--(Newsfile Corp. - September 23, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV:AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on operational activity. CNB HZ-5The fourth horizontal well on the Carrizales Norte "B" pad (CNB HZ-5) is now on production. The well has a current flow rate exceeding 2,700 BOPD gross (1,350 BOPD net to Arrow) and production is continuing to increase. Currently the well, which has been cleaning up over time, has an 11% water cut. Management's expectations are that the CNB HZ-5 well will achieve production rates sim
Calgary, Alberta--(Newsfile Corp. - September 12, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV:AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce a stock options grant.Stock Options GrantThe Company has granted 4,332,221 stock options ("Options") to Directors, officers and employees, pursuant to the Company's Stock Option Plan (the "Plan"). The Plan is intended to assist in attracting, retaining, engaging and rewarding directors, officers and employees of the Company, provide additional incentive to these people for their efforts on behalf of the Company, and to align with the enhancement of
DETROIT, Sept. 5, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will participate in Morgan Stanley's 12th Annual Laguna Conference on September 12. AAM is scheduled to webcast the fireside chat presentation at 3:45 p.m. PT. The live audio webcast will be accessible through the Investor Relations page on AAM's website (www.aam.com). A replay of the webcast will be available following the event. About AAMAs a leading global Tier 1 Automotive and Mobility Supplier, AAM designs, engineers and manufactures Driveline and Metal Forming technolo
AAM Delivers Another Solid Quarter DETROIT, Aug. 9, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) today reported its financial results for the second quarter 2024. Second Quarter 2024 Results Sales of $1.63 billionNet income of $18.2 million, or 1.1% of salesAdjusted EBITDA of $208.4 million, or 12.8% of salesDiluted earnings per share of $0.15; Adjusted earnings per share of $0.19Net cash provided by operating activities of $142.8 million; Adjusted free cash flow of $97.9 million"AAM's solid second quarter results reflect positive contri
DETROIT, July 26, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will hold a conference call to discuss second quarter financial results and other related matters at 10:00 a.m. ET on Friday, August 9, 2024. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com. To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 5418526. To participate by live audio webcast o
DETROIT, June 4, 2024 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE:AXL) will participate in Deutsche Bank's Global Auto Industry Conference on June 11. AAM is scheduled to present at 12:25 p.m. ET. A live audio webcast will be accessible through the Investor Relations page on AAM's website (www.aam.com). A replay of the webcast will be available following the event. About AAMAs a leading global Tier 1 Automotive and Mobility Supplier, AAM (NYSE:AXL) designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hy
10-Q - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
8-K - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
8-K - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
10-Q - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
8-K - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
8-K - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
10-Q - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
8-K - AMERICAN AXLE & MANUFACTURING HOLDINGS INC (0001062231) (Filer)
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Deutsche Bank resumed coverage of American Axle with a rating of Hold and set a new price target of $6.00
UBS upgraded American Axle from Sell to Neutral and set a new price target of $7.00
UBS downgraded American Axle from Neutral to Sell and set a new price target of $6.50 from $8.00 previously
BofA Securities downgraded American Axle from Neutral to Underperform and set a new price target of $8.00 from $9.00 previously
UBS initiated coverage of American Axle with a rating of Neutral and set a new price target of $9.00
Barclays initiated coverage of American Axle with a rating of Equal Weight and set a new price target of $10.00
BofA Securities downgraded American Axle from Buy to Neutral and set a new price target of $13.00 from $16.00 previously
Wolfe Research downgraded American Axle from Outperform to Peer Perform
Exane BNP Paribas initiated coverage of American Axle with a rating of Neutral and set a new price target of $7.00
Morgan Stanley upgraded American Axle from Underweight to Overweight and set a new price target of $16.00 from $8.00 previously
Calgary, Alberta--(Newsfile Corp. - September 27, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV:AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce its AGM voting results.Report in Respect of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure ObligationsThe following sets forth a brief description of each matter voted upon at the annual general meeting (the "Meeting") of the holders of common shares of Arrow held on September 25, 2024 and the outcome of the vote: Description of MatterOutcome of VoteVotes ForVotes Against or WithheldNumber of Directors
B of A Securities analyst John Murphy maintains American Axle & Mfg Hldgs (NYSE:AXL) with a Underperform and raises the price target from $7 to $8.
UBS analyst Joseph Spak maintains American Axle & Mfg Hldgs (NYSE:AXL) with a Neutral and raises the price target from $7 to $8.
Citigroup analyst Itay Michaeli maintains American Axle & Mfg Hldgs (NYSE:AXL) with a Neutral and raises the price target from $7.5 to $8.
American Axle & Manufacturing Holdings Inc (NYSE:AXL) reported first-quarter FY24 sales growth of 7.7% year-on-year to $1.61 billion, beating the analyst consensus estimate of $1.525 billion. Sales for the first quarter were favorably impacted by volume and mix. Adjusted EPS of $0.18 beat the analyst consensus of $0.02. Gross profit rose 23.6% Y/Y to $198.5 million, with the margin expanding 170 basis points to 12.4%. Selling, general and administrative expenses remained flat Y/Y to $98.3 million. Operating margin was 4.8%, and operating income for the quarter rose 113.3% to $77 million. Cash provided by operating activities during the quarter totaled $17.8 million versu
AAM's previously stated full year 2024 financial targets remain unchanged. AAM's full year 2024 targets are as follows: AAM is targeting sales in the range of $6.05 - $6.35 billion. AAM is targeting Adjusted EBITDA in the range of $685 - $750 million. AAM is targeting Adjusted free cash flow in the range of $200 - $240 million; this target assumes capital spending of approximately 4.0% - 4.5% of sales.
American Axle & Mfg Hldgs (NYSE:AXL) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.02 by 800 percent. This is a 1900 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $1.61 billion which beat the analyst consensus estimate of $1.53 billion by 5.16 percent. This is a 7.70 percent increase over sales of $1.49 billion the same period last year.
Stocks look set to carry forward the upward momentum on Friday amid some earnings cheer, although a tinge of nervousness is evident ahead of the all-important non-farm payrolls report. A strong labor market would give the nod for the Federal Reserve to stay “higher for longer,” and a wage inflation measure from the report will also be on investors’ radar. Also, a national non-manufacturing activity reading is due for the day. Apple, Inc (NASDAQ:APPL) appeased the Street with a quarterly report that was not so bad as feared. The company also announced a massive buyback program and a modest dividend hike. The stock has a little under 6% weighting in the S&P 500 Index. FuturesPerformance
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, but the index remained in the “Fear” zone on Thursday. U.S. stocks settled higher on Thursday, with the Dow Jones index surging more than 300 points during the session. The U.S. Federal Reserve, on Wednesday, opted to keep the federal funds rate unchanged at 5.25% to 5.5%, as widely expected. On the economic data front, the trade deficit in the US narrowed slightly to $69.4 billion in March versus a revised $69.5 billion gap in February. U.S. initial jobless claims came in unchanged from the previous week at 208,000 during the week ending April 27, compared to market expectations of 212,000.
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects The Hershey Company (NYSE:HSY) to report quarterly earnings at $2.76 per share on revenue of $3.11 billion after the closing bell, according to data from Benzinga Pro. Hershey shares rose 0.5% to $196.80 in after-hours trading. Apple, Inc. (NASDAQ:AAPL) reported better-than-expected results for its second quarter. The company announced a $110-billion stock buyback program and a one-penny-per-share increase in its quarterly dividend. Apple shares gained 6% to $183.46 in the after-hours trading session. Analysts are expecting America
Corporate earnings came to the market’s rescue in the past week, helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally’s momentum going. The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:META) the outlier. The social media giant’s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company’s massive AI investment plans. Tesla, Inc. (NASDAQ:TSLA) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordab