Axalta Coating Systems Ltd (NYSE:AXTA) – Research analysts at Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for shares of Axalta Coating Systems in a research note issued on Thursday. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will earn $0.28 per share for the quarter, up from their prior forecast of $0.27. Jefferies Group also issued estimates for Axalta Coating Systems’ Q2 2018 earnings at $0.41 EPS.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis.

Several other research firms also recently weighed in on AXTA. KeyCorp reiterated an “overweight” rating and issued a $40.00 target price (up previously from $36.00) on shares of Axalta Coating Systems in a report on Tuesday, November 28th. TheStreet upgraded shares of Axalta Coating Systems from a “c” rating to a “b-” rating in a report on Wednesday, November 15th. Robert W. Baird reiterated a “buy” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a report on Monday, October 30th. Citigroup upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a report on Monday, October 30th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 target price on shares of Axalta Coating Systems in a report on Monday, October 30th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.73.

Shares of Axalta Coating Systems (NYSE:AXTA) opened at $31.00 on Monday. Axalta Coating Systems has a 1-year low of $26.20 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. The firm has a market cap of $7,552.53, a P/E ratio of 27.93, a P/E/G ratio of 1.94 and a beta of 1.55.

In related news, SVP Michael F. Finn sold 3,950 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total transaction of $129,007.00. Following the completion of the transaction, the senior vice president now owns 108,818 shares in the company, valued at $3,553,995.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Steven R. Markevich sold 900 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $29.42, for a total transaction of $26,478.00. Following the transaction, the executive vice president now owns 201,393 shares of the company’s stock, valued at approximately $5,924,982.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,724 shares of company stock valued at $1,201,705. Insiders own 2.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. acquired a new position in shares of Axalta Coating Systems during the second quarter worth $108,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Axalta Coating Systems by 927.6% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 3,664 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Axalta Coating Systems by 18.1% during the second quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock worth $146,000 after purchasing an additional 703 shares in the last quarter. Acrospire Investment Management LLC grew its stake in shares of Axalta Coating Systems by 257.0% during the second quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock worth $156,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Axalta Coating Systems by 217.3% during the second quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 3,837 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

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About Axalta Coating Systems

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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

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