Equities research analysts forecast that Axalta Coating Systems Ltd. (NYSE:AXTA) will post $1.16 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Axalta Coating Systems’ earnings. The lowest sales estimate is $1.15 billion and the highest is $1.17 billion. Axalta Coating Systems posted sales of $1.03 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The firm is scheduled to report 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 fiscal year, analysts forecast that the company will post sales of $4.66 billion per share, with estimates ranging from $4.57 billion to $4.80 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Axalta Coating Systems.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $0.33 EPS. The business’s revenue was up 6.8% on a year-over-year basis.

AXTA has been the subject of a number of research reports. TheStreet raised shares of Axalta Coating Systems from a “c” rating to a “b-” rating in a report on Wednesday, November 15th. Nomura raised shares of Axalta Coating Systems to a “buy” rating and reduced their price target for the company from $30.00 to $28.00 in a report on Tuesday, October 10th. Jefferies Group LLC restated a “buy” rating and issued a $34.00 price objective (down previously from $36.00) on shares of Axalta Coating Systems in a research note on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and issued a $34.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, August 9th. Finally, Citigroup Inc. dropped their price objective on shares of Axalta Coating Systems from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus target price of $33.87.

In other Axalta Coating Systems news, EVP Steven R. Markevich sold 900 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $29.42, for a total value of $26,478.00. Following the completion of the sale, the executive vice president now owns 201,393 shares in the company, valued at approximately $5,924,982.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven R. Markevich sold 160,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $29.37, for a total transaction of $4,699,200.00. Following the completion of the sale, the executive vice president now owns 280,377 shares of the company’s stock, valued at approximately $8,234,672.49. The disclosure for this sale can be found here. Insiders have sold a total of 195,774 shares of company stock valued at $5,771,898 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AXTA. Prudential Financial Inc. acquired a new stake in Axalta Coating Systems in the 1st quarter valued at about $210,000. Dimensional Fund Advisors LP increased its position in Axalta Coating Systems by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the specialty chemicals company’s stock valued at $27,368,000 after acquiring an additional 95,737 shares in the last quarter. Morgan Stanley increased its position in Axalta Coating Systems by 137.0% in the 1st quarter. Morgan Stanley now owns 259,928 shares of the specialty chemicals company’s stock valued at $8,371,000 after acquiring an additional 150,267 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Axalta Coating Systems by 508.8% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 35,140 shares of the specialty chemicals company’s stock valued at $1,126,000 after acquiring an additional 29,368 shares in the last quarter. Finally, Aperio Group LLC increased its position in Axalta Coating Systems by 48.8% in the 2nd quarter. Aperio Group LLC now owns 32,258 shares of the specialty chemicals company’s stock valued at $1,034,000 after acquiring an additional 10,574 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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Shares of Axalta Coating Systems (NYSE AXTA) opened at $35.50 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69. Axalta Coating Systems has a 1-year low of $24.72 and a 1-year high of $36.10. The firm has a market cap of $8,648.88, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.23 and a beta of 1.62.

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 (NYSE:AXTA)

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