Equities research analysts expect Axalta Coating Systems Ltd (NASDAQ:AXTA) to report $1.11 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Axalta Coating Systems’ earnings. The lowest sales estimate is $1.10 billion and the highest is $1.15 billion. Axalta Coating Systems posted sales of $1.07 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The business is scheduled to issue its next earnings results on Tuesday, July 25th.

According to Zacks, analysts expect that Axalta Coating Systems will report full-year sales of $1.11 billion for the current financial year, with estimates ranging from $4.17 billion to $4.46 billion. For the next year, analysts expect that the company will report sales of $4.52 billion per share, with estimates ranging from $4.36 billion to $4.72 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Axalta Coating Systems.

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

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

In related news, EVP Steven R. Markevich sold 30,874 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $31.39, for a total transaction of $969,134.86. Following the sale, the executive vice president now owns 202,293 shares in the company, valued at approximately $6,349,977.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles W. Shaver sold 179,487 shares of the 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 sale, the chief executive officer now owns 528,907 shares in the company, valued at approximately $16,565,367.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 438,289 shares of company stock worth $13,874,963.

Several hedge funds have recently bought and sold shares of AXTA. Norman Fields Gottscho Capital Management LLC raised its stake in Axalta Coating Systems by 5.0% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 242,585 shares of the specialty chemicals company’s stock valued at $7,772,000 after buying an additional 11,585 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in Axalta Coating Systems by 21.4% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 60,058 shares of the specialty chemicals company’s stock valued at $1,924,000 after buying an additional 10,590 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Axalta Coating Systems by 2.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 25,290 shares of the specialty chemicals company’s stock valued at $814,000 after buying an additional 590 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in Axalta Coating Systems during the first quarter valued at about $397,000. Finally, Goldman Sachs Group Inc. raised its stake in Axalta Coating Systems by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,449,160 shares of the specialty chemicals company’s stock valued at $46,663,000 after buying an additional 387,853 shares in the last quarter.

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Shares of Axalta Coating Systems (NASDAQ AXTA) opened at 32.56 on Friday. The company’s 50-day moving average price is $32.29 and its 200-day moving average price is $30.42. Axalta Coating Systems has a 52-week low of $24.27 and a 52-week high of $34.10. The firm has a market capitalization of $7.88 billion and a P/E ratio of 107.81.

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

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