Analysts Expect Axalta Coating Systems Ltd (AXTA) to Post $0.21 EPS

Equities analysts expect Axalta Coating Systems Ltd (NYSE:AXTA) to report $0.21 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Axalta Coating Systems’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.19. Axalta Coating Systems reported earnings of $0.27 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 22.2%. The firm is expected to issue its next earnings results before the market opens on Wednesday, April 24th.

On average, analysts expect that Axalta Coating Systems will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.29 to $1.35. For the next fiscal year, analysts anticipate that the company will report earnings of $1.51 per share, with EPS estimates ranging from $1.44 to $1.56. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Axalta Coating Systems.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, January 30th. The specialty chemicals company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Axalta Coating Systems had a net margin of 4.42% and a return on equity of 22.20%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share.

AXTA has been the topic of several research analyst reports. Zacks Investment Research downgraded Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th. UBS Group set a $32.00 price target on Axalta Coating Systems and gave the company a “buy” rating in a research report on Thursday, December 20th. Finally, Bank of America raised Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.30.

Axalta Coating Systems stock traded up $0.01 during mid-day trading on Wednesday, hitting $27.51. 2,011,605 shares of the company’s stock were exchanged, compared to its average volume of 1,846,697. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.58 and a beta of 1.24. Axalta Coating Systems has a 1-year low of $21.58 and a 1-year high of $32.83. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.22 and a quick ratio of 1.63.

In related news, Director Charles W. Shaver sold 19,889 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $25.97, for a total value of $516,517.33. Following the completion of the sale, the director now owns 420,939 shares in the company, valued at $10,931,785.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles W. Shaver sold 126,862 shares of the stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $25.05, for a total transaction of $3,177,893.10. Following the completion of the sale, the director now owns 567,690 shares of the company’s stock, valued at approximately $14,220,634.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,034,732 shares of company stock worth $27,003,936. 2.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC lifted its stake in shares of Axalta Coating Systems by 3.3% in the first quarter. Confluence Investment Management LLC now owns 1,984,144 shares of the specialty chemicals company’s stock valued at $50,020,000 after buying an additional 63,875 shares during the period. Jolley Asset Management LLC lifted its stake in Axalta Coating Systems by 3.9% during the first quarter. Jolley Asset Management LLC now owns 10,210 shares of the specialty chemicals company’s stock worth $257,000 after purchasing an additional 380 shares during the period. Quantitative Systematic Strategies LLC lifted its stake in Axalta Coating Systems by 180.5% during the first quarter. Quantitative Systematic Strategies LLC now owns 28,461 shares of the specialty chemicals company’s stock worth $718,000 after purchasing an additional 18,313 shares during the period. Sciencast Management LP bought a new position in Axalta Coating Systems during the first quarter worth about $1,889,000. Finally, Ingalls & Snyder LLC lifted its stake in Axalta Coating Systems by 35.0% during the first quarter. Ingalls & Snyder LLC now owns 14,835 shares of the specialty chemicals company’s stock worth $374,000 after purchasing an additional 3,845 shares during the period.

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.

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

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