Wall Street analysts expect Axalta Coating Systems Ltd (NASDAQ:AXTA) to announce $1.16 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Axalta Coating Systems’ earnings, with estimates ranging from $1.15 billion to $1.17 billion. Axalta Coating Systems posted sales of $1.03 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Axalta Coating Systems will report full year sales of $1.16 billion for the current financial year, with estimates ranging from $4.31 billion to $4.37 billion. For the next financial year, analysts expect that the business will post sales of $4.66 billion per share, with estimates ranging from $4.56 billion to $4.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Axalta Coating Systems.

Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 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 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS.

A number of equities analysts recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating and set a $34.00 price objective (down from $36.00) on shares of Axalta Coating Systems in a report on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 price objective on shares of Axalta Coating Systems in a report on Monday, October 30th. They noted that the move was a valuation call. BidaskClub cut Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Barclays PLC reissued an “equal weight” rating and set a $33.00 price objective (down from $34.00) on shares of Axalta Coating Systems in a report on Friday, August 4th. Finally, Citigroup Inc decreased their price objective on Axalta Coating Systems from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.64.

In other Axalta Coating Systems news, Director Samuel L. Smolik bought 4,000 shares of Axalta Coating Systems stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $28.16 per share, with a total value of $112,640.00. Following the completion of the purchase, the director now owns 4,000 shares of the company’s stock, valued at $112,640. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Cash sold 34,874 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The disclosure for this sale can be found here. Insiders have sold 195,774 shares of company stock worth $5,771,898 over the last three months.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Axalta Coating Systems by 3.8% during the second quarter. Vanguard Group Inc. now owns 18,161,002 shares of the specialty chemicals company’s stock valued at $581,878,000 after buying an additional 660,223 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Axalta Coating Systems by 3.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 10,292,166 shares of the specialty chemicals company’s stock valued at $297,649,000 after buying an additional 308,016 shares during the period. Davis Selected Advisers increased its stake in shares of Axalta Coating Systems by 7.9% during the second quarter. Davis Selected Advisers now owns 7,228,390 shares of the specialty chemicals company’s stock valued at $231,598,000 after buying an additional 528,794 shares during the period. Timucuan Asset Management Inc. FL increased its stake in shares of Axalta Coating Systems by 1.0% during the second quarter. Timucuan Asset Management Inc. FL now owns 3,743,877 shares of the specialty chemicals company’s stock valued at $119,954,000 after buying an additional 36,234 shares during the period. Finally, State Street Corp increased its stake in shares of Axalta Coating Systems by 11.2% during the second quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock valued at $116,710,000 after buying an additional 365,915 shares during the period.

Axalta Coating Systems (NASDAQ:AXTA) opened at $32.84 on Friday.

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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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