NEW YORK (TheStreet) -- Shares of American Axle & Manufacturing (AXL) - Get Report closed down 5.5% to $20 after the auto parts maker lowered its full year 2015 guidance and reported mixed results for the second quarter.
American Axle said it now expects to report revenue of $3.9 billion to $3.95 billion for the full year, down from its previous guidance of $4 billion to $4.5 billion. Analysts expect the company to report revenue of $4.06 billion for the year.
The company reported earnings of 75 cents a share for the second quarter, beating analysts' estimates of 71 cents a share. Revenue grew 5.6% year over year to $1 billion, compared to analysts' estimates of $1.02 billion.
"AAM`s second quarter financial performance was highlighted by quarterly records for sales and profit dollars, driven by sales growth that continues to outpace the industry and strong operational performance," CEO David C. Dauch said in a statement.
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 several positive factors, 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: AXL Ratings Report