American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) which is traded as AXL on the NYSE, reported its financial results for the first quarter of 2014. AAM’s net income in the first quarter of 2014 was $33.6 million, or $0.44 per share as compared to net income of $7.3 million, or $0.10 per share, in the first quarter of 2013. In the first quarter of 2013, AAM’s results reflect the impact of $11.3 million (or $0.13 per share) of debt refinancing and redemption costs. American Axle & Manufact. Holdings, Inc. (NYSE:AXL) shares after opening at $19.17 moved to $19.69 on last trade day and at the end of the day closed at $18.78 . Company price to sales ratio in past twelve months was calculated as 0.44 and price to cash ratio as 9.22. American Axle & Manufact. Holdings, Inc. (NYSE:AXL) showed a positive weekly performance of 6.16%.
Cooper Tire & Rubber Company (NYSE:CTB) reported results for the first quarter of 2014. Net sales were $796 million, a decrease of $65 million compared with the same period a year ago. Operating profit for the quarter was $81 million, which is $16 million lower than the first quarter of 2013 and 10.2% of net sales. The company reported net income attributable to Cooper Tire & Rubber Company of $0.71 per share, or $45 million, in the first quarter. This compares with $56 million, or $0.87 per share, for the same period last year. Cooper Tire & Rubber Co (NYSE:CTB) shares advanced 6.76% in last trading session and ended the day on $27.48. CTB return on equity ratio is recorded as 12.50% and its return on assets is 3.90%. Cooper Tire & Rubber Co (NYSE:CTB) yearly performance is 14.36%.
Kraft Foods Group Inc (NASDAQ:KRFT) the maker of Velveeta cheese and Oscar Mayer hot dogs, is being investigated by the Commodity Futures Trading Commission over trading of December 2011 wheat futures contracts. Kraft Foods Group Inc (NASDAQ:KRFT) shares moved down – 0.86% in last trading session and was closed at $56.20 while trading in range of $55.91 – $57.18 – Kraft Foods Group Inc (NASDAQ:KRFT) year to date (YTD) performance is 5.20%.
The Goodyear Tire & Rubber Company (NASDAQ:GT) reported a record Segment Operating Income of $373 million in the 1Q14, up by 24% from the year-ago-quarter. The company’s 1Q14 Net Loss available to common shareholders stood at $58 million (23 cents per share). Net income available to common shareholders 1Q13 was $26 million (10 cents per share). The revenue for the 1Q14 was $4.5 billion, as compared to $4.9 billion previous year. The Goodyear Tire & Rubber Company (NASDAQ:GT) weekly performance is -7.67%. On last trading day company shares ended up $25.29. The Goodyear Tire & Rubber Company (NASDAQ:GT) distance from 50-day simple moving average (SMA50) is -4.75%. Analysts mean target price for the company is $27.25.