Axalta Coating Systems Ltd (NASDAQ:AXTA) – Stock analysts at Jefferies Group increased their Q4 2017 earnings per share estimates for shares of Axalta Coating Systems in a research note issued on Thursday. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will earn $0.47 per share for the quarter, up from their previous estimate of $0.35. Jefferies Group has a “Buy” rating on the stock.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.08. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Axalta Coating Systems had a return on equity of 21.46% and a net margin of 6.50%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 EPS. ILLEGAL ACTIVITY NOTICE: “Q4 2017 Earnings Forecast for Axalta Coating Systems Ltd Issued By Jefferies Group (NASDAQ:AXTA)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/08/07/q4-2017-earnings-forecast-for-axalta-coating-systems-ltd-issued-by-jefferies-group-nasdaqaxta.html.

Several other equities analysts have also issued reports on the stock. Bank of America Corporation lowered shares of Axalta Coating Systems from a “buy” rating to an “underperform” rating and cut their price objective for the company from $36.00 to $30.00 in a report on Wednesday, June 21st. Nomura lowered shares of 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. Citigroup Inc. reissued a “neutral” rating and set a $33.00 price objective (up from $30.00) on shares of Axalta Coating Systems in a report on Friday, April 14th. Instinet lowered shares of 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. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $36.00 price objective on shares of Axalta Coating Systems in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Axalta Coating Systems has a consensus rating of “Hold” and an average target price of $34.27.

Shares of Axalta Coating Systems (NASDAQ AXTA) opened at 28.24 on Monday. Axalta Coating Systems has a 1-year low of $24.27 and a 1-year high of $34.10. The company has a 50 day moving average price of $32.58 and a 200 day moving average price of $31.29. The stock has a market cap of $6.84 billion and a P/E ratio of 93.51.

A number of institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Axalta Coating Systems by 0.5% in the first quarter. US Bancorp DE now owns 14,234 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 74 shares in the last quarter. Creative Planning raised its position in Axalta Coating Systems by 0.9% in the first quarter. Creative Planning now owns 9,684 shares of the specialty chemicals company’s stock valued at $312,000 after buying an additional 89 shares in the last quarter. ProShare Advisors LLC raised its position in Axalta Coating Systems by 0.9% in the first quarter. ProShare Advisors LLC now owns 16,703 shares of the specialty chemicals company’s stock valued at $538,000 after buying an additional 157 shares in the last quarter. Aristotle Capital Management LLC raised its position in Axalta Coating Systems by 0.3% in the first quarter. Aristotle Capital Management LLC now owns 70,900 shares of the specialty chemicals company’s stock valued at $2,283,000 after buying an additional 180 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Axalta Coating Systems by 1.4% in the first quarter. HighTower Advisors LLC now owns 15,520 shares of the specialty chemicals company’s stock valued at $499,000 after buying an additional 209 shares in the last quarter.

In other Axalta Coating Systems news, SVP Michael A. Cash sold 18,851 shares of Axalta Coating Systems stock in a transaction on Monday, May 15th. The shares were sold at an average price of $31.41, for a total value of $592,109.91. Following the transaction, the senior vice president now directly owns 152,417 shares of the company’s stock, valued at $4,787,417.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sean M. Lannon sold 5,000 shares of Axalta Coating Systems stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $33.00, for a total transaction of $165,000.00. Following the completion of the transaction, the vice president now directly owns 16,286 shares in the company, valued at $537,438. The disclosure for this sale can be found here. Insiders sold 438,289 shares of company stock worth $13,876,363 over the last ninety days.

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.

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

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