Equities Analysts Set Expectations for Axalta Coating Systems Ltd.’s Q1 2023 Earnings (NYSE:AXTA)

Axalta Coating Systems Ltd. (NYSE:AXTAGet Rating) – Investment analysts at Seaport Res Ptn raised their Q1 2023 EPS estimates for Axalta Coating Systems in a report issued on Wednesday, July 27th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $0.48 for the quarter, up from their prior estimate of $0.47. 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 quarterly earnings data on Tuesday, July 26th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Axalta Coating Systems had a net margin of 4.49% and a return on equity of 21.39%. During the same quarter last year, the business earned $0.48 EPS.

AXTA has been the topic of a number of other research reports. Robert W. Baird dropped their price objective 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 downgraded shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. UBS Group decreased their target price on shares of Axalta Coating Systems from $33.00 to $30.00 in a research report on Wednesday, July 13th. KeyCorp lifted their price target on shares of Axalta Coating Systems from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Barclays decreased their price objective on Axalta Coating Systems from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, July 11th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of “Hold” and an average target price of $30.17.

Axalta Coating Systems Trading Up 0.1 %

AXTA opened at $25.22 on Monday. 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 firm has a market cap of $5.56 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 0.88 and a beta of 1.33. Axalta Coating Systems has a 12 month low of $21.44 and a 12 month high of $34.12. The stock has a fifty day moving average price of $24.72 and a 200-day moving average price of $25.89.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mount Yale Investment Advisors LLC boosted its position in Axalta Coating Systems by 3.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 10,840 shares of the specialty chemicals company’s stock valued at $266,000 after buying an additional 393 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Axalta Coating Systems by 0.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 92,444 shares of the specialty chemicals company’s stock valued at $2,272,000 after acquiring an additional 550 shares during the period. New England Research & Management Inc. boosted its holdings in shares of Axalta Coating Systems by 2.4% in the 2nd quarter. New England Research & Management Inc. now owns 23,425 shares of the specialty chemicals company’s stock valued at $518,000 after acquiring an additional 550 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Axalta Coating Systems by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 12,492 shares of the specialty chemicals company’s stock worth $327,000 after acquiring an additional 559 shares during the period. Finally, TD Asset Management Inc. raised its holdings in shares of Axalta Coating Systems by 1.8% during the first quarter. TD Asset Management Inc. now owns 34,165 shares of the specialty chemicals company’s stock worth $840,000 after purchasing an additional 592 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Company Profile

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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.

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

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