Axalta Coating Systems Ltd (NASDAQ:AXTA) – Stock analysts at Seaport Global Securities lowered their Q3 2017 earnings per share (EPS) estimates for shares of Axalta Coating Systems in a research note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.35.

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

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AXTA has been the subject of a number of other reports. BidaskClub cut shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Citigroup Inc. cut shares of Axalta Coating Systems from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $31.00 to $25.00 in a research note on Tuesday. Royal Bank Of Canada reiterated a “buy” rating and issued a $36.00 target price on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Finally, Bank of America Corporation cut shares of Axalta Coating Systems from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $36.00 to $30.00 in a research note on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $32.23.

Axalta Coating Systems (AXTA) opened at 28.57 on Thursday. The company’s 50-day moving average is $29.20 and its 200-day moving average is $31.01. Axalta Coating Systems has a 12 month low of $24.27 and a 12 month high of $34.10. The company has a market cap of $6.95 billion and a P/E ratio of 2857.00.

In other Axalta Coating Systems news, Director Samuel L. Smolik acquired 4,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of $28.16 per share, for a total transaction of $112,640.00. Following the purchase, the director now owns 4,000 shares in the company, valued at approximately $112,640. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven R. Markevich sold 900 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $29.42, for a total transaction of $26,478.00. Following the sale, the executive vice president now owns 201,393 shares of the company’s stock, valued at $5,924,982.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,774 shares of company stock valued at $5,771,898.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. acquired a new stake in Axalta Coating Systems during the 2nd quarter valued at approximately $108,000. Chicago Partners Investment Group LLC acquired a new stake in Axalta Coating Systems during the 2nd quarter valued at approximately $127,000. Commonwealth Bank of Australia lifted its stake in Axalta Coating Systems by 18.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock valued at $146,000 after acquiring an additional 703 shares during the period. Acrospire Investment Management LLC lifted its stake in Axalta Coating Systems by 257.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock valued at $156,000 after acquiring an additional 3,500 shares during the period. Finally, Advisor Group Inc. lifted its stake in Axalta Coating Systems by 217.3% during the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 3,837 shares during the period.

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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