Axalta Coating Systems Ltd (NASDAQ:AXTA) – Stock analysts at KeyCorp cut their Q3 2017 earnings per share (EPS) estimates for Axalta Coating Systems in a research report issued to clients and investors on Thursday. KeyCorp analyst M. Sison now expects that the specialty chemicals company will post earnings per share of $0.35 for the quarter, down from their previous forecast of $0.41. KeyCorp also issued estimates for Axalta Coating Systems’ Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.35 EPS and FY2018 earnings at $1.60 EPS.

Axalta Coating Systems (NASDAQ:AXTA) last issued its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.08. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.12 billion. Axalta Coating Systems had a return on equity of 21.46% and a net margin of 6.50%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share. WARNING: This report was first published by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/07/keycorp-equities-analysts-cut-earnings-estimates-for-axalta-coating-systems-ltd-axta.html.

Several other brokerages have also issued reports on AXTA. BidaskClub upgraded shares of Axalta Coating Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Bank of America Corporation lowered shares of Axalta Coating Systems from a “buy” rating to an “underperform” rating and lowered their price target for the company from $36.00 to $30.00 in a research note on Wednesday, June 21st. Susquehanna Bancshares Inc assumed coverage on shares of Axalta Coating Systems in a research note on Tuesday, July 18th. They issued a “neutral” rating and a $37.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price target on shares of Axalta Coating Systems in a research note on Friday, July 14th. Finally, UBS AG reiterated a “buy” rating and issued a $39.00 price target (up from $37.00) on shares of Axalta Coating Systems in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.27.

Shares of Axalta Coating Systems (NASDAQ AXTA) opened at 28.24 on Monday. Axalta Coating Systems has a one year low of $24.27 and a one year high of $34.10. The company has a market capitalization of $6.84 billion and a PE ratio of 93.51. The company has a 50-day moving average of $32.58 and a 200-day moving average of $31.29.

In related news, VP Sean M. Lannon sold 5,000 shares of Axalta Coating Systems stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $33.00, for a total transaction of $165,000.00. Following the completion of the sale, the vice president now owns 16,286 shares of the company’s stock, valued at approximately $537,438. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sean M. Lannon sold 4,340 shares of Axalta Coating Systems stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.35, for a total transaction of $136,059.00. Following the sale, the vice president now directly owns 4,088 shares of the company’s stock, valued at approximately $128,158.80. The disclosure for this sale can be found here. Insiders have sold a total of 438,289 shares of company stock worth $13,876,363 over the last 90 days.

Several hedge funds have recently made changes to their positions in the company. RiverPoint Capital Management LLC increased its stake in shares of Axalta Coating Systems by 1.9% in the second quarter. RiverPoint Capital Management LLC now owns 12,940 shares of the specialty chemicals company’s stock valued at $415,000 after buying an additional 245 shares during the last quarter. Federated Investors Inc. PA bought a new stake in shares of Axalta Coating Systems during the second quarter valued at approximately $2,379,000. State Board of Administration of Florida Retirement System increased its stake in shares of Axalta Coating Systems by 11.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 149,355 shares of the specialty chemicals company’s stock valued at $4,785,000 after buying an additional 15,120 shares during the last quarter. BB&T Securities LLC increased its stake in shares of Axalta Coating Systems by 14.7% in the second quarter. BB&T Securities LLC now owns 84,839 shares of the specialty chemicals company’s stock valued at $2,718,000 after buying an additional 10,864 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Axalta Coating Systems by 3.7% in the second quarter. Blair William & Co. IL now owns 174,484 shares of the specialty chemicals company’s stock valued at $5,590,000 after buying an additional 6,236 shares during the last quarter.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Earnings History and Estimates for Axalta Coating Systems (NASDAQ:AXTA)

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