Brokerages expect Axalta Coating Systems Ltd (NASDAQ:AXTA) to announce earnings per share of $0.39 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Axalta Coating Systems’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.35. Axalta Coating Systems reported earnings of $0.34 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.7%. The company is scheduled to issue its next earnings report on Tuesday, July 25th.

On average, analysts expect that Axalta Coating Systems will report full-year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.50. For the next fiscal year, analysts anticipate that the business will post earnings of $1.63 per share, with EPS estimates ranging from $1.50 to $1.75. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Axalta Coating Systems.

Axalta Coating Systems (NASDAQ:AXTA) last released its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $994.43 million. During the same period in the previous year, the company earned $0.18 EPS. Axalta Coating Systems’s revenue for the quarter was up 5.5% compared to the same quarter last year.

Several brokerages recently weighed in on AXTA. Zacks Investment Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. TheStreet upgraded Axalta Coating Systems from a “c” rating to a “b” rating in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating on shares of Axalta Coating Systems in a research report on Wednesday, April 26th. Nomura cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Friday, April 21st. Finally, Instinet cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Friday, April 21st. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $33.73.

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Axalta Coating Systems (NASDAQ:AXTA) traded up 1.09% during midday trading on Tuesday, hitting $31.63. 1,822,153 shares of the stock traded hands. Axalta Coating Systems has a 12 month low of $24.27 and a 12 month high of $33.06. The stock has a market cap of $7.66 billion and a PE ratio of 104.74. The company has a 50-day moving average of $31.51 and a 200-day moving average of $28.96.

In other news, EVP Steven R. Markevich sold 30,874 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $31.39, for a total value of $969,134.86. Following the completion of the sale, the executive vice president now directly owns 202,293 shares in the company, valued at $6,349,977.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles W. Shaver sold 179,487 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $31.32, for a total value of $5,621,532.84. Following the completion of the sale, the chief executive officer now owns 528,907 shares of the company’s stock, valued at $16,565,367.24. The disclosure for this sale can be found here. Insiders sold 626,756 shares of company stock valued at $19,580,505 over the last 90 days.

Hedge funds have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in Axalta Coating Systems by 8,686.2% in the third quarter. US Bancorp DE now owns 5,096 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 5,038 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock worth $174,000 after buying an additional 294 shares during the period. Daiwa Securities Group Inc. boosted its stake in Axalta Coating Systems by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the specialty chemicals company’s stock worth $203,000 after buying an additional 900 shares during the period. Prudential Financial Inc. acquired a new stake in Axalta Coating Systems during the first quarter worth approximately $210,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Axalta Coating Systems by 46.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,900 shares of the specialty chemicals company’s stock worth $222,000 after buying an additional 2,200 shares during the period.

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.

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