Equities analysts predict that Axalta Coating Systems Ltd (NYSE:AXTA) will announce earnings per share (EPS) of $0.33 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Axalta Coating Systems’ earnings, with estimates ranging from $0.29 to $0.36. Axalta Coating Systems reported earnings of $0.37 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 10.8%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that Axalta Coating Systems will report full year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.24 to $1.30. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $1.32 to $1.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Axalta Coating Systems.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, October 25th. The specialty chemicals company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. Axalta Coating Systems had a return on equity of 22.53% and a net margin of 1.49%.

AXTA has been the topic of several research analyst reports. Nomura decreased their price target on Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, October 15th. Zacks Investment Research raised Axalta Coating Systems from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. BMO Capital Markets reduced their target price on Axalta Coating Systems from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, October 26th. Citigroup reduced their target price on Axalta Coating Systems from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, October 11th. Finally, ValuEngine lowered Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.40.

Shares of NYSE:AXTA traded up $0.12 during trading on Friday, hitting $24.61. 3,726,300 shares of the stock were exchanged, compared to its average volume of 2,081,083. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.37. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.23 and a quick ratio of 1.63. Axalta Coating Systems has a 12-month low of $23.65 and a 12-month high of $33.30.

In related news, EVP Steven R. Markevich sold 16,197 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $29.17, for a total value of $472,466.49. Following the sale, the executive vice president now owns 161,697 shares of the company’s stock, valued at approximately $4,716,701.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven R. Markevich sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $29.47, for a total value of $397,845.00. Following the completion of the sale, the executive vice president now directly owns 177,029 shares in the company, valued at approximately $5,217,044.63. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its stake in Axalta Coating Systems by 113.6% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 3,983 shares of the specialty chemicals company’s stock valued at $121,000 after buying an additional 2,118 shares in the last quarter. First Quadrant L P CA acquired a new position in Axalta Coating Systems in the 2nd quarter valued at $124,000. Chicago Partners Investment Group LLC raised its holdings in Axalta Coating Systems by 78.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,106 shares of the specialty chemicals company’s stock valued at $124,000 after acquiring an additional 1,800 shares during the last quarter. Captrust Financial Advisors raised its holdings in Axalta Coating Systems by 120.7% in the 2nd quarter. Captrust Financial Advisors now owns 6,742 shares of the specialty chemicals company’s stock valued at $204,000 after acquiring an additional 3,687 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Axalta Coating Systems in the 2nd quarter valued at $263,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles.

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

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