Axalta Coating Systems Ltd. to Post FY2023 Earnings of $1.90 Per Share, KeyCorp Forecasts (NYSE:AXTA)

Axalta Coating Systems Ltd. (NYSE:AXTAGet Rating) – KeyCorp lifted their FY2023 earnings per share estimates for Axalta Coating Systems in a note issued to investors on Wednesday, July 27th. KeyCorp analyst A. Yefremov now anticipates that the specialty chemicals company will post earnings per share of $1.90 for the year, up from their prior estimate of $1.83. KeyCorp has a “Overweight” rating and a $31.00 price objective on the stock. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $1.75 per share.

Axalta Coating Systems (NYSE:AXTAGet Rating) last issued its earnings results on Tuesday, July 26th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Axalta Coating Systems had a return on equity of 21.39% and a net margin of 4.49%. During the same quarter in the previous year, the company earned $0.48 EPS.

A number of other equities research analysts have also commented on the company. Mizuho dropped their price target on Axalta Coating Systems from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $34.00 to $27.00 in a research report on Monday, April 18th. Robert W. Baird dropped their price target on Axalta Coating Systems from $38.00 to $35.00 and set a “maintains” rating on the stock in a research report on Thursday. StockNews.com lowered Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Finally, Barclays dropped their target price on Axalta Coating Systems from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, July 11th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.17.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $25.22 on Monday. The stock has a market cap of $5.56 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 0.88 and a beta of 1.33. The company has a current ratio of 1.87, a quick ratio of 1.30 and a debt-to-equity ratio of 2.63. The stock’s 50-day moving average price is $24.72 and its two-hundred day moving average price is $25.89. Axalta Coating Systems has a 1 year low of $21.44 and a 1 year high of $34.12.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AXTA. Atticus Wealth Management LLC bought a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $32,000. Quent Capital LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $34,000. Standard Family Office LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $40,000. CWM LLC bought a new position in shares of Axalta Coating Systems during the 1st quarter worth approximately $41,000. Finally, National Bank of Canada FI bought a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $136,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

About Axalta Coating Systems

(Get Rating)

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Further Reading

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

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.