Axalta Coating Systems Ltd (NASDAQ:AXTA) – Investment analysts at Seaport Global Securities decreased their Q1 2017 earnings per share (EPS) estimates for Axalta Coating Systems in a report released on Wednesday. Seaport Global Securities analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.25. Seaport Global Securities also issued estimates for Axalta Coating Systems’ Q3 2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.46 EPS and FY2018 earnings at $1.69 EPS.

Axalta Coating Systems (NASDAQ:AXTA) last issued its quarterly earnings results on Wednesday, February 8th. The specialty chemicals company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Axalta Coating Systems’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. COPYRIGHT VIOLATION NOTICE: “Q1 2017 Earnings Estimate for Axalta Coating Systems Ltd Issued By Seaport Global Securities (AXTA)” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/04/20/q1-2017-earnings-estimate-for-axalta-coating-systems-ltd-issued-by-seaport-global-securities-axta.html.

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

Several other equities research analysts also recently weighed in on the stock. Evercore ISI started coverage on shares of Axalta Coating Systems in a report on Monday, February 13th. They issued a “buy” rating and a $34.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, January 4th. Citigroup Inc downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. TheStreet raised shares of Axalta Coating Systems from a “d+” rating to a “c-” rating in a report on Tuesday, March 14th. Finally, Instinet reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Axalta Coating Systems in a report on Tuesday, March 14th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $33.79.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/q1-2017-earnings-estimate-for-axalta-coating-systems-ltd-issued-by-seaport-global-securities-axta.html

Shares of Axalta Coating Systems (NASDAQ:AXTA) opened at 30.99 on Thursday. The company’s 50-day moving average is $31.16 and its 200-day moving average is $28.30. Axalta Coating Systems has a 52 week low of $24.27 and a 52 week high of $33.06. The firm has a market cap of $7.48 billion and a PE ratio of 182.29.

In other Axalta Coating Systems news, VP Sean M. Lannon sold 993 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $29.53, for a total value of $29,323.29. Following the completion of the sale, the vice president now directly owns 3,799 shares of the company’s stock, valued at approximately $112,184.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph F. Mcdougall sold 40,000 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $29.29, for a total transaction of $1,171,600.00. Following the completion of the sale, the senior vice president now directly owns 144,705 shares of the company’s stock, valued at $4,238,409.45. The disclosure for this sale can be found here. Insiders sold a total of 354,179 shares of company stock valued at $11,017,866 over the last three months.

A number of large investors have recently modified their holdings of the stock. Creative Planning increased its stake in shares of Axalta Coating Systems by 0.9% in the first quarter. Creative Planning now owns 9,684 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 89 shares during the last quarter. AMI Investment Management Inc. increased its stake in Axalta Coating Systems by 0.8% in the third quarter. AMI Investment Management Inc. now owns 37,575 shares of the specialty chemicals company’s stock valued at $1,062,000 after buying an additional 300 shares during the last quarter. LS Investment Advisors LLC increased its stake in Axalta Coating Systems by 12.1% in the third quarter. LS Investment Advisors LLC now owns 5,202 shares of the specialty chemicals company’s stock valued at $147,000 after buying an additional 560 shares during the last quarter. GLG LLC increased its stake in Axalta Coating Systems by 6.8% in the fourth quarter. GLG LLC now owns 10,145 shares of the specialty chemicals company’s stock valued at $276,000 after buying an additional 645 shares during the last quarter. Finally, Argent Capital Management LLC increased its stake in Axalta Coating Systems by 9.2% in the third quarter. Argent Capital Management LLC now owns 11,070 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 930 shares during the last quarter.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

5 Day Chart for NASDAQ:AXTA

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