Axalta Coating Systems Ltd (NASDAQ:AXTA) – Investment analysts at KeyCorp lowered their Q3 2017 EPS estimates for Axalta Coating Systems in a research note issued on Thursday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will earn $0.35 per share for the quarter, down from their previous forecast of $0.41. KeyCorp also issued estimates for Axalta Coating Systems’ Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.35 EPS and FY2018 earnings at $1.60 EPS.

Axalta Coating Systems (NASDAQ:AXTA) last announced its earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.08. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $0.34 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Q3 2017 Earnings Forecast for Axalta Coating Systems Ltd (NASDAQ:AXTA) Issued By KeyCorp” was reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/07/q3-2017-earnings-forecast-for-axalta-coating-systems-ltd-nasdaqaxta-issued-by-keycorp.html.

Other equities analysts have also issued research reports about the company. TheStreet upgraded Axalta Coating Systems from a “c” rating to a “b” rating in a research note on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating on shares of Axalta Coating Systems in a research note on Wednesday, April 26th. Zacks Investment Research upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, June 28th. BidaskClub upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, UBS AG restated a “buy” rating and set a $39.00 price target (up previously from $37.00) on shares of Axalta Coating Systems in a research note on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Axalta Coating Systems has a consensus rating of “Hold” and a consensus target price of $34.27.

Axalta Coating Systems (NASDAQ:AXTA) opened at 28.24 on Monday. The company has a 50-day moving average of $32.58 and a 200-day moving average of $31.29. Axalta Coating Systems has a 52 week low of $24.27 and a 52 week high of $34.10. The company has a market cap of $6.84 billion and a PE ratio of 93.51.

In other Axalta Coating Systems news, VP Sean M. Lannon sold 4,340 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.35, for a total value of $136,059.00. Following the completion of the sale, the vice president now owns 4,088 shares of the company’s stock, valued at $128,158.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Sean M. Lannon sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $33.00, for a total value of $165,000.00. Following the completion of the sale, the vice president now directly owns 16,286 shares of the company’s stock, valued at approximately $537,438. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 438,289 shares of company stock worth $13,876,363.

A number of large investors have recently modified their holdings of AXTA. BlackRock Inc. increased its stake in shares of Axalta Coating Systems by 6,436.4% in the first quarter. BlackRock Inc. now owns 18,564,446 shares of the specialty chemicals company’s stock valued at $597,775,000 after buying an additional 18,280,429 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Axalta Coating Systems by 5.0% in the first quarter. Vanguard Group Inc. now owns 17,500,779 shares of the specialty chemicals company’s stock valued at $563,525,000 after buying an additional 841,048 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Axalta Coating Systems by 8.6% in the first quarter. William Blair Investment Management LLC now owns 4,973,244 shares of the specialty chemicals company’s stock valued at $160,138,000 after buying an additional 394,692 shares in the last quarter. Praesidium Investment Management Company LLC increased its stake in shares of Axalta Coating Systems by 0.6% in the first quarter. Praesidium Investment Management Company LLC now owns 3,338,024 shares of the specialty chemicals company’s stock valued at $107,484,000 after buying an additional 18,409 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Axalta Coating Systems by 3.3% in the first quarter. State Street Corp now owns 3,276,755 shares of the specialty chemicals company’s stock valued at $105,513,000 after buying an additional 105,623 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.

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

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