American Axle & Mfg Hldgs Azioni (NYSE: AXL)

Ultime notizie per American Axle & Mfg Hldgs (NYSE:AXL) Azioni

American Axle & Mfg Hldgs

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing, and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.

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Scopri i cinque titoli azionari da seguire oggi: EchoStar, Take-Two, American Axle, Doximity e AMC Networks.

Pre-market: 5 titoli da monitorare oggi, 9 agosto 2024

American Axle & Manufacturing Holdings, Inc. Common Stock

American Axle & Mfg Holdings Inc

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U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Tuesday.
Shares of Excelerate Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EE#NYSE">EE</a>) fell sharply in today's <a href="https://www.benzinga.com/quote/EE">pre-market trading</a>.
Excelerate Energy announced the pricing of upsized public offering of class A common stock.
Excelerate Energy shares dipped 6.8% to $26.74 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Myriad Genetics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYGN#NASDAQ">MYGN</a>) shares dipped 13.1% to $7.71 in today's pre-market trading.</li>
<li>Sunstone Hotel Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) declined 9.7% to $8.50 in pre-market trading. Sunstone Hotel Investors will report financial results for the first quarter 2025 on Tuesday, May 6.</li>
<li>Zenas BioPharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBIO#NASDAQ">ZBIO</a>) shares slipped 8.9% to $7.20 in pre-market trading after falling over 3% on Monday.</li>
<li>Acuren Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIC#NYSE">TIC</a>) shares fell 8% to $10.24 in pre-market trading.</li>
<li>Target Hospitality Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) dipped 5.5% to $6.22 in pre-market trading.</li>
<li>Alumis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALMS#NASDAQ">ALMS</a>) declined 5.5% to $5.80 in pre-market trading.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) declined 4.7% to $3.88 in pre-market trading.</li>
<li>Kura Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KURA#NASDAQ">KURA</a>) declined 4.6% to $6.30 in pre-market trading.</li>
<li>Innoviva, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVA#NASDAQ">INVA</a>) fell 3.4% to $17.52 in pre-market trading.</li>
<li>MediaAlpha, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAX#NYSE">MAX</a>) declined 3% to $8.97 in pre-market trading. MediaAlpha named Bradley Hunt to Board of Directors.</li>
</ul>
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Excelerate Energy, MediaAlpha And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

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Shares of auto component stocks are trading lower after President Trump said he will introduce new tariffs on auto and auto parts imports.

Morgan Stanley analyst Armintas Sinkevicius maintains American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) with a Overweight and lowers the price target from $10 to $8.

Price Target

Analyst Ratings

Morgan Stanley Maintains Overweight on American Axle & Mfg Hldgs, Lowers Price Target to $8

RBC Capital analyst Mark Fielding reiterates American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) with a Sector Perform and maintains $6 price target.

Reiteration

RBC Capital Reiterates Sector Perform on American Axle & Mfg Hldgs, Maintains $6 Price Target

UBS analyst Joseph Spak maintains American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) with a Neutral and lowers the price target from $6.5 to $6.

UBS Maintains Neutral on American Axle & Mfg Hldgs, Lowers Price Target to $6

Stocks are headed for weekly gains, with the Dow Jones dipping slightly and the S&amp;P 500 and Nasdaq trading just above the flatline Friday. Traders are digesting weaker-than-expected retail sales and the potential for peace talks<a href="https://www.benzinga.com/news/global/25/02/43732115/explosion-rocks-chernobyl-nuclear-site-as-zelenskyy-signals-readiness-for-peace-talks"> between Russia and Ukraine.&nbsp;</a>
Retail sales in the U.S. fell 0.9% month-over-month in January, significantly worse than the anticipated 0.1% drop. However, markets are largely shrugging off the weaker-than-expected retail sales figures which were likely affected by January's cold weather and California wildfires, as well as the upward revision of December results.
Geopolitical tensions eased slightly after Ukrainian President Volodymyr Zelenskyy<a href="https://www.benzinga.com/news/global/25/02/43732115/explosion-rocks-chernobyl-nuclear-site-as-zelenskyy-signals-readiness-for-peace-talks"> told reporters</a> at the Munich Security Conference on Friday that he is willing to participate in Trump&#8217;s peace initiative and eventual talks with Russia.
The price of Crude Oil slid another 0.52% Friday and is down 9.9% over the past month as the market reacted to President Donald Trump&#8216;s plans to impose reciprocal tariffs on trade partners and news of potential peace talks to end the war in Ukraine.
The yield on the 10-year U.S. Treasury note fell to below the 4.5% threshold on Friday, extending its pullback after January's retail sales data may have indicated some weakness in the U.S. consumer. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rose 0.7%. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose above the $98,000 level on a midday rally Friday and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) climbed more than 7%. 
<h2 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100 </td>
<td>19,988.34</td>
<td>0.20%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,116.90</td>
<td>0.03%</td>
</tr>
<tr>
<td>Dow Jones </td>
<td>44,602.67</td>
<td>-0.24%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,278.93</td>
<td>-0.14%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched up 0.3% to $609.92</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was down 0.23% at $446.24</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.27% to $537.34.&nbsp;</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.14% to $225.82.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) dipped 0.14% to $226.78</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 0.72% to $90.36.&nbsp;</li>
</ul>
<h2 class="wp-block-heading">Friday's Stock Movers:&nbsp;</h2>
Shares of Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) and SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) tanked after NVIDIA Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) latest 13F filing revealed it had dissolved its stakes in both companies.&nbsp;
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>DraftKings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)&nbsp;</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>)&nbsp;</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)&nbsp;</li>
<li>JFrog, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>)&nbsp;</li>
<li>Wynn Resorts Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>)&nbsp;</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)&nbsp;</li>
<li>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>)&nbsp;</li>
<li>Procore Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>)&nbsp;</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)&nbsp;</li>
<li>Udemy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UDMY#NASDAQ">UDMY</a>)&nbsp;</li>
<li>Nu Skin Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUS#NYSE">NUS</a>)&nbsp;</li>
<li>Bio-Rad Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIO#NYSE">BIO</a>)&nbsp;</li>
</ul>
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Image: Shutterstock

$BTC

$XRP

COIN

SPDR Dow Jones Industrial Average ETF Trust

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iShares Trust Barclays 20+ Year Treasury Bond Fund

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Select Sector SPDR-Consumer Discretionary

Stocks Head For Weekly Gains, US Treasury Yields Fall Below 4.5%: What's Driving Markets Friday?

American Axle &amp; Manufacturing Holdings Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) shares are surging premarket on Friday. The company reported&nbsp;fourth-quarter&nbsp;FY24 sales of&nbsp;$1.38 billion,&nbsp;which is in line&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43727369/aam-reports-fourth-quarter-and-full-year-2024-financial-results" rel="noreferrer noopener">with the analyst consensus estimate</a>.&nbsp;&nbsp;
Adjusted EPS loss of&nbsp;$(0.06)&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the analyst consensus of&nbsp;$(0.11).</a>
Sales declined year over year (Y/Y) and&nbsp;were negatively impacted&nbsp;by volume and mix. Gross profit declined slightly to $154.3 million from $154.9 million a year ago.
Selling, general and administrative expenses fell to $89.0 million from $95.7 million a year ago. Adjusted EBITDA decreased to&nbsp;$160.8 million from&nbsp;$169.5 million in the prior year quarter.
Operating cash flow totaled&nbsp;$151.2 million&nbsp;in the fourth quarter versus&nbsp;$52.9 million&nbsp;in the prior year. Adjusted free cash flow stood at&nbsp;$79.2 million in the fourth quarter.&nbsp;
The company held&nbsp;$552.9 million&nbsp;in cash and equivalents as of December 31.
FY25 Outlook: American Axle sales of $5.8 billion-$6.05 billion vs. consensus of $5.92 billion, adjusted EBITDA of $700 million &#8211; $760 million and adjusted <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">free cash flow of $200 million &#8211; $230 million</a>.
In January, American Axle entered into an agreement to purchase all outstanding shares of<a href="https://www.benzinga.com/25/01/43304012/american-axle-and-dowlais-set-for-144b-merger" target="_blank" rel="noreferrer noopener"> </a><a href="https://www.benzinga.com/25/01/43304012/american-axle-and-dowlais-set-for-144b-merger" target="_blank" rel="noreferrer noopener">Dowlais Group plc </a><a href="https://www.benzinga.com/25/01/43304012/american-axle-and-dowlais-set-for-144b-merger" target="_blank" rel="noreferrer noopener">(DWL) for about $1.44 billion</a>.
The company expects the deal to deliver approximately&nbsp;$300 million&nbsp;in annual run rate cost synergies&nbsp;and high earnings accretion in the first full year following the transaction's close. Also, American Axle&nbsp;forecasts strong financial results following the merger, with annual revenues of about $12 billion&nbsp;on a non-adjusted combined basis.&nbsp;
Price Action: AXL shares are up 8.00% at $5.13 premarket at the last check Friday.
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<li><a href="https://www.benzinga.com//node/43727537" target="_blank" rel="noreferrer noopener">Moderna Struggles With Declining Q4 COVID Vaccine Sales, Stock Slides</a></li>
</ul>
Photo: Shutterstock

Equities

Large Cap

Guidance

American Axle Surges Premarket After Narrowing Losses, Beating EPS Estimates, Forecasts Strong 2025

American Axle & Manufacturing shares are trading higher following a Q4 adjusted EPS beat.

American Axle & Manufacturing Sees FY25 Adj EBITDA Of $700M - $760M; Adj Free Cash Flow Of $200M - $230M

American Axle & Manufacturing Sees FY25 Sales Of $5.8B- $6.05B Vs. $5.92B Est.

American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) reported quarterly adjusted losses of $(0.06) per share which beat the analyst consensus estimate of $(0.11) by 45.45 percent. This is a 33.33 percent increase over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $1.38 billion which met the analyst consensus estimate. This is a 5.67 percent decrease over sales of $1.46 billion the same period last year.

Earnings Beats

American Axle & Mfg Hldgs Q4 Adj $(0.06) Beats $(0.11) Estimate, Sales $1.38B Inline

<h3>Companies Reporting Before The Bell</h3>
• American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) is likely to report quarterly loss at $0.16 per share on revenue of $1.39 billion. 
• Newmark Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMRK#NASDAQ">NMRK</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $790.76 million. 
• Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $4.78 billion. 
• Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $907.90 million. 
• Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) is expected to report quarterly loss at $2.72 per share on revenue of $951.09 million. 
• TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $2.43 billion. 
• Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) is estimated to report quarterly earnings at $1.65 per share on revenue of $313.88 million. 
• Fortis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTS#NYSE">FTS</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $2.08 billion. 
• MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is estimated to report quarterly earnings at $1.52 per share on revenue of $10.32 billion. 
• Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is likely to report quarterly earnings at $1.52 per share on revenue of $10.32 billion. 
• Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $199.80 million. 
• AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $611.26 million. 
• Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) is likely to report earnings for its third quarter. 
• BGC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGC#NASDAQ">BGC</a>) is likely to report quarterly earnings at $0.25 per share on revenue of $570.00 million. 
• Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $663.32 million. 
• Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) is expected to report quarterly earnings at $0.64 per share on revenue of $375.10 million. 
<h3>Companies Reporting After The Bell</h3>
• Clipper Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLPR#NYSE">CLPR</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $38.70 million. 
• SolarBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUUN#NASDAQ">SUUN</a>) is expected to report quarterly loss at $0.01 per share on revenue of $16.44 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CLPR

ESNT

NMRK

SUUN

ZCAR

Earnings Scheduled For February 14, 2025

American Axle & Manufacturing Holdings shares are trading lower after the company reported preliminary FY24 financial results. Also, the company announced it will acquire all outstanding shares of Dowlais Group.

American Axle &amp; Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) has entered into an agreement to purchase all outstanding shares of Dowlais Group plc (DWL) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43295144/aam-announces-combination-with-dowlais-for-1-44-billion-in-cash-and-stock" rel="noreferrer noopener">for about $1.44 billion</a>.
This acquisition will involve a mix of cash and shares, creating a huge entity in the global driveline and metal-forming industries.
Approved by the boards of both companies, the deal aims to expand the American Axle&#8217;s product portfolio, spanning various vehicle types, including both internal combustion engine and electric vehicles.
The terms of the deal outline that each Dowlais shareholder will receive 0.0863 shares of American Axle, along with 42 pence in cash for every Dowlais share they hold.
Furthermore, Dowlais will distribute a final dividend of up to 2.8 pence per share for the 2024 fiscal year. The overall value of the transaction is estimated at 85.2 pence per Dowlais share, marking a 25% premium compared to its closing price on January 28, 2025.
Upon completion, the newly formed company is expected to have American Axle&nbsp;shareholders owning 51% and Dowlais shareholders holding 49%.
Also Read: <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43295144/aam-announces-combination-with-dowlais-for-1-44-billion-in-cash-and-stock" rel="noreferrer noopener">Oracle Teams Up With Elon Musk&#8217;s Starlink To Supercharge Global Enterprise Communication</a>
&#8220;This announcement marks another key milestone in our continued long-term strategic growth plan,&#8221; said&nbsp;American Axle&#8217;s Chairman and CEO David C. Dauch.
&#8220;Together with Dowlais, we will have the powertrain-agnostic product portfolio, global reach, commitment to innovation and financial strength to meet the needs of customers and succeed in a dynamic market environment.&#8221;
The company expects the deal to deliver approximately&nbsp;$300 million&nbsp;in annual run rate cost synergies&nbsp;and high earnings accretion in the first full year following the transaction&#8217;s close. Also, American Axle&nbsp;forecasts strong financial results following the merger, with annual revenues of about $12 billion&nbsp;on a non-adjusted combined basis.
After the deal is finalized, the headquarters of the merged company will stay in Detroit, Michigan, with David C. Dauch, American Axle&#8217;s current Chairman and CEO, at the helm.
The transaction is anticipated to be completed by the end of 2025. The company held $542.5 million in cash and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41841965/aam-reports-third-quarter-2024-financial-results" rel="noreferrer noopener">equivalents as of September 30, 2024.</a>
Following the completion, Dowlais shares will be delisted from the London Stock Exchange, while American Axle&nbsp;will continue to trade under its current NYSE ticker symbol, &#8220;AXL&#8221;.
Outlook: American Axle&nbsp;expects FY24 sales of $6.10 billion &#8211; $6.15 billion (consensus $6.125 billion). Adjusted EBITDA of $740 million &#8211; $750 million. Adjusted <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">free cash flow of $220 million &#8211; $230 million.</a>
Price Action: AXL shares traded lower by 8.25% at $5.35 premarket at last check Wednesday.
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Image via Shutterstock.

General

American Axle's $1.44 Billion Power Play: Agrees To Buy UK's Dowlais To Supercharge EV & Auto Expansion

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.4% on Wednesday.
Shares of Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/quote/MANH/earnings">soft FY25 guidance.</a>
Manhattan Associates said it sees FY2025 adjusted earnings of $4.45 to $4.55 per share, versus market estimates of $4.91 per share. The company expects sales of $1.060 billion to 1.070 billion, versus projections of $1.14 billion.
Manhattan Associates shares dipped 23.4% to $225.92 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) shares dipped 21.5% to $1.4999 in pre-market trading.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) fell 21% to $13.30 in pre-market trading following worse-than-expected reported fourth-quarter EPS results.</li>
<li>Avnet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) shares fell 7.4% to $48.56 in pre-market trading following weak quarterly earnings.</li>
<li>Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) fell 6.4% to $20.16 in pre-market trading following fourth-quarter reported financial results.</li>
<li>Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) dipped 6.3% to $35.51 in pre-market trading. Victoria&#8217;s Secret announced that Chief Financial and Administrative Officer Timothy Johnson is retiring in June 2025 and Scott Sekella has been appointed Chief Financial Officer.</li>
<li>Danaher Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) fell 6.2% to $232.54 in pre-market trading after the company reported quarterly adjusted EPS below estimates..</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) fell 6% to $5.47 in pre-market trading. American Axle &amp; Manufacturing and Dowlais announced plans to merge in a $1.44 billion cash-and-stock deal.</li>
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Now Read This: 
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<li><a href="https://www.benzinga.com/25/01/43263799/wall-streets-most-accurate-analysts-spotlight-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a></li>
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Manhattan Associates, LendingClub And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Preliminary Full Year 2024 Financials AAM provided preliminary unaudited full year 2024 estimated results:
<ul>
<li>AAM is estimating sales in the range of $6.10 - $6.15 billion.</li>
<li>AAM is estimating Adjusted EBITDA in the range of $740 - $750 million.</li>
<li>AAM is estimating Adjusted free cash flow in the range of $220 - $230 million.</li>
</ul>
The foregoing estimated financial results for the fiscal year ended December 31, 2024 are preliminary, unaudited and represent the most recent current information available to AAM and its management. AAM's actual results may differ from these estimated financial results, including due to the completion of its financial closing procedures and final adjustments.

AAM Reports Preliminary 2024 Financials: Sees Sales Of $6.10B-$6.15B, Adjusted EBITDA Of $740M-$750M And Adjusted FCF Of $220M-$230M

<ul>
<li>Creates leading global driveline and metal forming supplier with comprehensive product portfolio and diversified customer base</li>
<li>Combination will have expanded and balanced geographic presence across multiple automotive segments supporting ICE, Hybrid and Electric powertrains; expected to generate annual revenues of approximately $12 billion on a non-adjusted combined basis</li>
<li>Expected to deliver approximately $300 million annual run rate cost synergies and high earnings accretion in the first full year following the close of the transaction</li>
<li>Strengthened cash flow profile and balance sheet to accelerate deleveraging and shareholder value creation</li>
</ul>

American Axle & Manufacturing And Dowlais To Merge In $1.44B Cash-And-Stock Deal, Creating Global Driveline Leader

Barclays analyst Dan Levy maintains American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) with a Equal-Weight and lowers the price target from $8 to $7.

Barclays Maintains Equal-Weight on American Axle & Mfg Hldgs, Lowers Price Target to $7

American Axle & Manufacturing shares are trading higher after the company reported better-than-expected Q3 financial results.

Press Releases

$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of American Axle & Manufacturing Holdings, Inc. - AXL

Legal

Kuehn Law Encourages AXL, FNA, DFS, and TURN Investors to Contact Law Firm

SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates FNA, AXL, STAF, QTRX on Behalf of Shareholders

AAM to Announce Fourth Quarter and Full Year 2024 Financial Results on February 14

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FNA, AXL, TGI, AVAV on Behalf of Shareholders

AAM Reports Fourth Quarter and Full Year 2024 Financial Results

AAM Announces Successful Syndication Financing and Amendment to Credit Agreement

AAM to Present at the Wolfe Research Virtual Autos Summit on March 18

RECOMMENDED CASH AND SHARE COMBINATION OF DOWLAIS GROUP PLC ("DOWLAIS") WITH AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. ("AAM")

AAM Names Terry Grayson-Caprio to Board of Directors

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