NEW YORK (TheStreet) -- American Axle & Manufacturing
(AXL - Get Report) shares are down -7.5% to $17.01 after reporting second quarter earnings of 67 cents per share, 4 cents worse than consensus estimates of 71 cents.
While quarterly revenue for the quarter rose 18.4% over the previous year to $946.9 million, it fell short of the $992.32 million consensus.
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TheStreet Ratings team rates AMERICAN AXLE & MFG HOLDINGS as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:"We rate AMERICAN AXLE & MFG HOLDINGS (AXL) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth, increase in net income, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
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