Axalta Coating Systems (AXTA) Scheduled to Post Earnings on Wednesday

Axalta Coating Systems (NYSE:AXTA) will release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Axalta Coating Systems to post earnings of $0.40 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. On average, analysts expect Axalta Coating Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Axalta Coating Systems Stock Up 0.9 %

AXTA stock opened at $31.22 on Monday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.46 and a current ratio of 1.98. The stock has a market capitalization of $6.89 billion, a P/E ratio of 26.02, a PEG ratio of 1.02 and a beta of 1.51. The company has a 50 day moving average price of $32.66 and a two-hundred day moving average price of $31.71. Axalta Coating Systems has a one year low of $25.03 and a one year high of $34.53.

Analyst Ratings Changes

AXTA has been the subject of several analyst reports. Wells Fargo & Company upped their target price on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 9th. Wolfe Research initiated coverage on shares of Axalta Coating Systems in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. upped their target price on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. UBS Group downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their target price for the company from $35.00 to $36.00 in a research note on Monday, January 8th. Finally, Citigroup upped their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.70.

Axalta Coating Systems Company Profile

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. The company operates through two segments, Performance Coatings and Mobility Coatings.