Axalta Coating Systems Ltd (NASDAQ:AXTA) to Release Quarterly Earnings on Monday
Axalta Coating Systems Ltd (NASDAQ:AXTA) is set to post its quarterly earnings results before the market opens on Monday, July 24th. Analysts expect Axalta Coating Systems to post earnings of $0.39 per share for the quarter.
Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $994.43 million. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. Axalta Coating Systems’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. On average, analysts expect Axalta Coating Systems to post $1.38 EPS for the current fiscal year and $1.62 EPS for the next fiscal year.
Axalta Coating Systems Ltd (AXTA) opened at 33.40 on Monday. The firm has a market capitalization of $8.09 billion and a PE ratio of 110.60. The firm’s 50-day moving average is $32.29 and its 200-day moving average is $30.42. Axalta Coating Systems Ltd has a 12 month low of $24.27 and a 12 month high of $34.10.
A number of equities analysts recently commented on the company. BidaskClub downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Jefferies Group LLC set a $36.00 price objective on Axalta Coating Systems and gave the stock a “buy” rating in a report on Saturday, March 25th. Instinet downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Friday, April 21st. UBS AG restated a “buy” rating and issued a $39.00 price objective (up previously from $37.00) on shares of Axalta Coating Systems in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price objective on shares of Axalta Coating Systems in a report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.94.
In other Axalta Coating Systems news, VP Sean M. Lannon sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $32.72, for a total transaction of $163,600.00. Following the transaction, the vice president now owns 7,806 shares in the company, valued at $255,412.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles W. Shaver sold 179,487 shares of the 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 transaction, 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 quarter, insiders have sold 443,289 shares of company stock worth $14,039,963.
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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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