Axalta Coating Systems (NYSE:AXTA) Hits New 1-Year High After Better-Than-Expected Earnings

Axalta Coating Systems Ltd. (NYSE:AXTA)’s share price hit a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $35.97 and last traded at $35.8550, with a volume of 665503 shares. The stock had previously closed at $33.74.

The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS.

More Axalta Coating Systems News

Here are the key news stories impacting Axalta Coating Systems this week:

• Positive Sentiment: Axalta reported adjusted earnings of $0.72 per share, up from $0.64 a year earlier and above the $0.65 analyst consensus. Axalta Coating Systems Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Quarterly revenue reached $1.35 billion, surpassing the $1.31 billion estimate and increasing 3.1% year over year. The earnings beat indicates stronger-than-expected operating performance and was the primary catalyst for the stock’s upward move. Axalta Coating Systems Earnings Report
• Positive Sentiment: The company posted a 7.22% net margin and 22.37% return on equity, reinforcing the view that Axalta continues to generate solid profitability and shareholder returns.
• Neutral Sentiment: Axalta maintained full-year 2026 EPS guidance of $2.55 to $2.70. The range includes the $2.59 analyst consensus, but its midpoint is modestly below expectations, limiting the potential upside from the otherwise strong quarterly report.
• Negative Sentiment: Third-quarter EPS guidance of $0.70 was below the $0.72 consensus estimate. This suggests investors may expect some near-term moderation in earnings, although the company’s full-year outlook remains intact.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $30.00 in a research report on Friday, April 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. Citigroup started coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 target price on the stock. Finally, UBS Group boosted their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.67.

Institutional Trading of Axalta Coating Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in shares of Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 603 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Axalta Coating Systems during the fourth quarter worth approximately $30,000. Cedar Mountain Advisors LLC purchased a new position in shares of Axalta Coating Systems during the first quarter worth approximately $30,000. Summit Securities Group LLC purchased a new stake in shares of Axalta Coating Systems in the fourth quarter valued at approximately $32,000. Finally, Los Angeles Capital Management LLC bought a new position in Axalta Coating Systems in the fourth quarter worth approximately $35,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Price Performance

The firm has a fifty day simple moving average of $32.48 and a 200 day simple moving average of $31.22. The company has a market capitalization of $7.64 billion, a PE ratio of 20.93, a P/E/G ratio of 1.60 and a beta of 1.24. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10.

Axalta Coating Systems Company Profile

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.