Axalta Coating Systems Ltd (NYSE:AXTA) to Post Q4 2019 Earnings of $0.53 Per Share, Jefferies Financial Group Forecasts

Share on StockTwits

Axalta Coating Systems Ltd (NYSE:AXTA) – Analysts at Jefferies Financial Group upped their Q4 2019 EPS estimates for Axalta Coating Systems in a research note issued on Tuesday, June 11th. Jefferies Financial Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $0.53 per share for the quarter, up from their previous estimate of $0.41. Jefferies Financial Group also issued estimates for Axalta Coating Systems’ FY2023 earnings at $2.55 EPS.

A number of other brokerages have also recently issued reports on AXTA. BMO Capital Markets set a $32.00 price objective on shares of Axalta Coating Systems and gave the company a “hold” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $27.00 in a research note on Friday, April 26th. Finally, Zacks Investment Research raised shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Axalta Coating Systems currently has an average rating of “Hold” and an average price target of $30.09.

Shares of NYSE:AXTA opened at $25.68 on Wednesday. The company has a market capitalization of $5.96 billion, a P/E ratio of 20.06, a PEG ratio of 1.23 and a beta of 1.30. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 2.98. Axalta Coating Systems has a 1 year low of $21.58 and a 1 year high of $31.59.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, April 24th. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Axalta Coating Systems had a net margin of 3.90% and a return on equity of 24.42%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share.

In other Axalta Coating Systems news, Director Charles W. Shaver sold 309,820 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $25.52, for a total transaction of $7,906,606.40. Following the sale, the director now owns 440,775 shares of the company’s stock, valued at $11,248,578. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles W. Shaver sold 500,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $25.24, for a total transaction of $12,620,000.00. Following the sale, the director now directly owns 492,369 shares in the company, valued at approximately $12,427,393.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 864,868 shares of company stock worth $22,074,006. Insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AXTA. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Axalta Coating Systems by 43.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 24,166 shares of the specialty chemicals company’s stock worth $565,000 after purchasing an additional 7,350 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Axalta Coating Systems by 0.3% in the first quarter. Fiera Capital Corp now owns 1,022,160 shares of the specialty chemicals company’s stock worth $25,769,000 after purchasing an additional 3,313 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Axalta Coating Systems by 34.2% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 221,638 shares of the specialty chemicals company’s stock worth $5,587,000 after purchasing an additional 56,515 shares during the last quarter. Triad Investment Management bought a new stake in shares of Axalta Coating Systems in the fourth quarter worth $2,335,000. Finally, Olstein Capital Management L.P. grew its stake in shares of Axalta Coating Systems by 19.3% in the fourth quarter. Olstein Capital Management L.P. now owns 265,700 shares of the specialty chemicals company’s stock worth $6,223,000 after purchasing an additional 42,901 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Featured Story: The mechanics of the bid-ask spread in trading

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

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Axalta Coating Systems Ltd (NYSE:AXTA) to Post Q4 2019 Earnings of $0.53 Per Share, Jefferies Financial Group Forecasts

Share on StockTwits

Axalta Coating Systems Ltd (NYSE:AXTA) – Analysts at Jefferies Financial Group upped their Q4 2019 EPS estimates for Axalta Coating Systems in a research note issued on Tuesday, June 11th. Jefferies Financial Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $0.53 per share for the quarter, up from their previous estimate of $0.41. Jefferies Financial Group also issued estimates for Axalta Coating Systems’ FY2023 earnings at $2.55 EPS.

A number of other brokerages have also recently issued reports on AXTA. BMO Capital Markets set a $32.00 price objective on shares of Axalta Coating Systems and gave the company a “hold” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $27.00 in a research note on Friday, April 26th. Finally, Zacks Investment Research raised shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Axalta Coating Systems currently has an average rating of “Hold” and an average price target of $30.09.

Shares of NYSE:AXTA opened at $25.68 on Wednesday. The company has a market capitalization of $5.96 billion, a P/E ratio of 20.06, a PEG ratio of 1.23 and a beta of 1.30. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 2.98. Axalta Coating Systems has a 1 year low of $21.58 and a 1 year high of $31.59.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, April 24th. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Axalta Coating Systems had a net margin of 3.90% and a return on equity of 24.42%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share.

In other Axalta Coating Systems news, Director Charles W. Shaver sold 309,820 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $25.52, for a total transaction of $7,906,606.40. Following the sale, the director now owns 440,775 shares of the company’s stock, valued at $11,248,578. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles W. Shaver sold 500,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $25.24, for a total transaction of $12,620,000.00. Following the sale, the director now directly owns 492,369 shares in the company, valued at approximately $12,427,393.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 864,868 shares of company stock worth $22,074,006. Insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AXTA. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Axalta Coating Systems by 43.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 24,166 shares of the specialty chemicals company’s stock worth $565,000 after purchasing an additional 7,350 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Axalta Coating Systems by 0.3% in the first quarter. Fiera Capital Corp now owns 1,022,160 shares of the specialty chemicals company’s stock worth $25,769,000 after purchasing an additional 3,313 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Axalta Coating Systems by 34.2% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 221,638 shares of the specialty chemicals company’s stock worth $5,587,000 after purchasing an additional 56,515 shares during the last quarter. Triad Investment Management bought a new stake in shares of Axalta Coating Systems in the fourth quarter worth $2,335,000. Finally, Olstein Capital Management L.P. grew its stake in shares of Axalta Coating Systems by 19.3% in the fourth quarter. Olstein Capital Management L.P. now owns 265,700 shares of the specialty chemicals company’s stock worth $6,223,000 after purchasing an additional 42,901 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Featured Story: The mechanics of the bid-ask spread in trading

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

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News