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American Axle (NYSE:AXL) & Manufacturing Holdings Inc. (AXL) stock has hit a 52-week low, dropping to $4.44, as the company faces a tough market environment. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a 1-year change of -31.75%. Investors are closely monitoring the automotive supplier’s performance, considering the broader industry’s headwinds and the company’s efforts to navigate through these challenges. The 52-week low serves as a critical indicator of the market’s current sentiment towards the stock and could potentially signal a pivotal moment for the company’s strategic direction moving forward. For deeper insights into AXL’s valuation and 7 additional key ProTips, explore the comprehensive research available on InvestingPro.
In other recent news, American Axle & Manufacturing reported its fourth-quarter 2024 earnings, showcasing a better-than-expected performance with an adjusted earnings per share (EPS) of -$0.06, surpassing the anticipated -$0.12. However, the company’s revenue slightly fell short of expectations, coming in at $1.38 billion against a forecast of $1.39 billion. For the full year, American Axle achieved sales of $6.1 billion and an adjusted EBITDA of $749 million. The company announced a strategic merger with DAOLE, aiming to enhance its global presence in driveline and metal forming supply. Looking forward, American Axle has set a 2025 sales target between $5.8 billion and $6.05 billion, with adjusted EBITDA expected to range from $700 million to $760 million. The company is also projecting an adjusted free cash flow of $200 million to $230 million for the same period. American Axle’s recent contract extension to supply power transfer units for Ford vehicles highlights its ongoing efforts to secure long-term business. Despite challenges, the company remains focused on operational efficiency and strategic growth initiatives.
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