Axalta Coating Systems (NYSE:AXTA) will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Axalta Coating Systems has set its FY 2019 guidance at $1.30-1.50 EPS and its FY19 guidance at $1.30 to $1.50 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, January 30th. The specialty chemicals company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 previous year, the business posted ($0.26) EPS. On average, analysts expect Axalta Coating Systems to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of AXTA opened at $28.01 on Monday. The company has a market capitalization of $6.58 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.22 and a quick ratio of 1.63. Axalta Coating Systems has a fifty-two week low of $21.58 and a fifty-two week high of $32.83.

A number of brokerages have recently weighed in on AXTA. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 20th. Bank of America upgraded shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus price target of $30.30.

In other Axalta Coating Systems news, CEO Robert W. Bryant sold 5,395 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $25.82, for a total transaction of $139,298.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the director now directly owns 440,775 shares in the company, valued at $11,248,578. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 962,918 shares of company stock worth $25,373,442. 2.10% of the stock is owned by insiders.

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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 for Axalta Coating Systems (NYSE:AXTA)

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