Brokerages forecast that Axalta Coating Systems Ltd (NYSE:AXTA) will report $0.44 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Axalta Coating Systems’ earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.49. Axalta Coating Systems reported earnings of $0.34 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The business is expected to issue its next earnings report before the market opens on Thursday, January 30th.

On average, analysts expect that Axalta Coating Systems will report full year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.87. For the next year, analysts expect that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.90 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Axalta Coating Systems.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, October 24th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.07. Axalta Coating Systems had a net margin of 6.21% and a return on equity of 31.05%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was down 3.4% compared to the same quarter last year.

A number of research analysts have issued reports on AXTA shares. ValuEngine lowered shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upgraded shares of Axalta Coating Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $33.00 in a research report on Friday, October 25th. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Co started coverage on shares of Axalta Coating Systems in a research report on Tuesday, October 15th. They set a “market perform” rating and a $31.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Axalta Coating Systems has a consensus rating of “Hold” and an average target price of $33.44.

Several institutional investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Axalta Coating Systems by 91.4% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 35,311 shares of the specialty chemicals company’s stock worth $1,073,000 after acquiring an additional 16,860 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Axalta Coating Systems during the 4th quarter worth approximately $623,000. Assenagon Asset Management S.A. lifted its holdings in shares of Axalta Coating Systems by 1,092.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 582,189 shares of the specialty chemicals company’s stock worth $17,699,000 after acquiring an additional 533,377 shares during the period. Maverick Capital Ltd. bought a new stake in shares of Axalta Coating Systems during the 3rd quarter worth approximately $1,086,000. Finally, Man Group plc lifted its holdings in shares of Axalta Coating Systems by 231.2% during the 3rd quarter. Man Group plc now owns 163,062 shares of the specialty chemicals company’s stock worth $4,917,000 after acquiring an additional 113,829 shares during the period. 96.34% of the stock is owned by institutional investors.

Shares of NYSE:AXTA traded down $0.10 on Thursday, reaching $29.26. 1,988,300 shares of the company’s stock were exchanged, compared to its average volume of 2,381,533. The company has a fifty day moving average of $30.27 and a 200-day moving average of $29.57. Axalta Coating Systems has a twelve month low of $23.34 and a twelve month high of $32.20. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.15 and a beta of 1.45. The company has a current ratio of 2.35, a quick ratio of 1.77 and a debt-to-equity ratio of 2.82.

About Axalta Coating Systems

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.

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

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