Axalta Coating Systems Ltd. Forecasted to Earn Q2 2024 Earnings of $0.50 Per Share (NYSE:AXTA)

Axalta Coating Systems Ltd. (NYSE:AXTA) – Equities research analysts at Seaport Res Ptn boosted their Q2 2024 earnings per share estimates for shares of Axalta Coating Systems in a report released on Wednesday, May 1st. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.49. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $1.98 per share. Seaport Res Ptn also issued estimates for Axalta Coating Systems’ Q4 2025 earnings at $0.61 EPS.

AXTA has been the topic of a number of other reports. BMO Capital Markets upped their price objective on Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $36.00 in a research note on Monday, January 8th. Wells Fargo & Company upped their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada raised their target price on Axalta Coating Systems from $39.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $35.20 on Friday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 1.08 and a beta of 1.51. Axalta Coating Systems has a fifty-two week low of $25.03 and a fifty-two week high of $35.31. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.46 and a current ratio of 2.07. The firm has a fifty day moving average price of $32.84 and a 200 day moving average price of $31.88.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. Axalta Coating Systems’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS.

Institutional Investors Weigh In On Axalta Coating Systems

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp grew its holdings in Axalta Coating Systems by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 338 shares during the last quarter. TFO Wealth Partners LLC grew its stake in Axalta Coating Systems by 12,022.2% during the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 1,082 shares during the period. Raleigh Capital Management Inc. acquired a new stake in Axalta Coating Systems in the 4th quarter valued at $48,000. CWM LLC raised its holdings in shares of Axalta Coating Systems by 35.6% during the 3rd quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock valued at $67,000 after buying an additional 649 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Axalta Coating Systems during the fourth quarter valued at approximately $88,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

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.