Equities research analysts predict that Axalta Coating Systems Ltd (NASDAQ:AXTA) will post $0.39 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Axalta Coating Systems’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.43. Axalta Coating Systems posted earnings per share of $0.34 in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.7%. The business is expected to issue its next quarterly earnings report on Tuesday, July 25th.

On average, analysts expect that Axalta Coating Systems will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.50. For the next financial year, analysts anticipate that the company will report earnings of $1.64 per share, with EPS estimates ranging from $1.52 to $1.75. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Axalta Coating Systems.

Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $994.43 million. Axalta Coating Systems had a return on equity of 21.46% and a net margin of 6.50%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share.

Several equities analysts have commented on AXTA shares. TheStreet upgraded Axalta Coating Systems from a “c” rating to a “b” rating in a research report on Wednesday, April 26th. Instinet reiterated a “buy” rating and issued a $33.00 target price on shares of Axalta Coating Systems in a research report on Tuesday, March 14th. They noted that the move was a valuation call. BidaskClub upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Jefferies Group LLC reiterated a “buy” rating on shares of Axalta Coating Systems in a research report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.53.

Shares of Axalta Coating Systems (NASDAQ AXTA) traded up 1.75% during mid-day trading on Friday, reaching $32.56. The company had a trading volume of 1,152,127 shares. The company has a market cap of $7.88 billion and a price-to-earnings ratio of 107.81. Axalta Coating Systems has a 52-week low of $24.27 and a 52-week high of $34.10. The firm’s 50-day moving average price is $32.29 and its 200 day moving average price is $30.42.

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In related news, CEO Charles W. Shaver sold 179,487 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $31.32, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sean M. Lannon sold 4,340 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $31.35, for a total value of $136,059.00. Following the sale, the vice president now directly owns 4,088 shares of the company’s stock, valued at approximately $128,158.80. The disclosure for this sale can be found here. In the last three months, insiders sold 438,289 shares of company stock valued at $13,874,963.

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $312,000. Comerica Bank acquired a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $218,000. Dimensional Fund Advisors LP boosted its stake in Axalta Coating Systems by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 754,236 shares of the specialty chemicals company’s stock valued at $20,516,000 after buying an additional 44,711 shares in the last quarter. Gabelli Funds LLC boosted its stake in Axalta Coating Systems by 9.1% in the fourth quarter. Gabelli Funds LLC now owns 12,000 shares of the specialty chemicals company’s stock valued at $326,000 after buying an additional 1,000 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Axalta Coating Systems by 14.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,762 shares of the specialty chemicals company’s stock valued at $566,000 after buying an additional 2,570 shares in the last quarter.

About Axalta Coating Systems

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

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