Equities research analysts forecast that Axalta Coating Systems Ltd (NASDAQ:AXTA) will announce sales of $1.14 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Axalta Coating Systems’ earnings. The lowest sales estimate is $1.12 billion and the highest is $1.16 billion. Axalta Coating Systems posted sales of $1.02 billion during the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The firm is expected to announce its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Axalta Coating Systems will report full-year sales of $1.14 billion for the current financial year, with estimates ranging from $4.34 billion to $4.43 billion. For the next financial year, analysts expect that the business will post sales of $4.70 billion per share, with estimates ranging from $4.63 billion to $4.82 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Axalta Coating Systems.

Axalta Coating Systems (NASDAQ:AXTA) last issued its earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.39 by $0.08. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Axalta Coating Systems had a negative return on equity of 6.61% and a negative net margin of 1.73%. Axalta Coating Systems’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share.

Several analysts have issued reports on AXTA shares. BidaskClub downgraded shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. TheStreet raised shares of Axalta Coating Systems from a “c” rating to a “b” rating in a research note on Wednesday, April 26th. Susquehanna Bancshares Inc initiated coverage on shares of Axalta Coating Systems in a research note on Tuesday, July 18th. They set a “neutral” rating and a $37.00 price objective for the company. Zacks Investment Research raised shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, June 28th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $33.00 price objective (down from $34.00) on shares of Axalta Coating Systems in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Axalta Coating Systems presently has an average rating of “Hold” and an average price target of $33.63.

In related news, VP Sean M. Lannon sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $33.00, for a total value of $165,000.00. Following the sale, the vice president now owns 16,286 shares in the company, valued at $537,438. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Samuel L. Smolik bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $28.16 per share, for a total transaction of $112,640.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $112,640. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 164,500 shares of company stock worth $5,294,085.

A number of large investors have recently modified their holdings of the company. Teachers Advisors LLC increased its position in Axalta Coating Systems by 15.9% in the fourth quarter. Teachers Advisors LLC now owns 163,132 shares of the specialty chemicals company’s stock valued at $4,437,000 after buying an additional 22,403 shares during the last quarter. Creative Planning increased 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 during the last quarter. DnB Asset Management AS increased its position in Axalta Coating Systems by 27.5% in the first quarter. DnB Asset Management AS now owns 17,600 shares of the specialty chemicals company’s stock valued at $567,000 after buying an additional 3,800 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock valued at $174,000 after buying an additional 294 shares during the last quarter. Finally, ProShare Advisors LLC increased 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 during the last quarter.

Shares of Axalta Coating Systems (AXTA) traded down 0.188% on Monday, reaching $29.145. 764,899 shares of the company traded hands. The firm has a 50-day moving average of $31.18 and a 200-day moving average of $31.24. The company has a market capitalization of $7.09 billion and a PE ratio of 2914.500. Axalta Coating Systems has a 52-week low of $24.27 and a 52-week high of $34.10.

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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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