Wall Street analysts expect that Axalta Coating Systems Ltd (NYSE:AXTA) will report $1.16 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made 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 in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The firm is scheduled to announce 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 year, with estimates ranging from $4.31 billion to $4.37 billion. For the next fiscal year, analysts expect that the company will report sales of $4.66 billion per share, with estimates ranging from $4.57 billion to $4.80 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Axalta Coating Systems.

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

AXTA has been the subject of a number of analyst reports. Credit Suisse Group increased their target price on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. TheStreet upgraded shares of Axalta Coating Systems from a “c” rating to a “b-” rating in a report on Wednesday, November 15th. Robert W. Baird reiterated a “buy” rating and set a $35.00 target price on shares of Axalta Coating Systems in a report on Monday, October 30th. BidaskClub lowered shares of Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 17th. Finally, UBS dropped their target price on shares of Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating for the company in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.73.

In related news, SVP Michael A. Cash sold 34,874 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven R. Markevich sold 900 shares of the firm’s 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 transaction, the executive vice president now directly owns 201,393 shares of the company’s stock, valued at approximately $5,924,982.06. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Counselors Inc. increased its stake in shares of Axalta Coating Systems by 3.3% during the second quarter. Financial Counselors Inc. now owns 7,145 shares of the specialty chemicals company’s stock valued at $229,000 after purchasing an additional 225 shares in the last quarter. RiverPoint Capital Management LLC increased its stake in shares of Axalta Coating Systems by 1.9% during the second quarter. RiverPoint Capital Management LLC now owns 12,940 shares of the specialty chemicals company’s stock valued at $415,000 after purchasing an additional 245 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Axalta Coating Systems by 18.1% during the second quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 703 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Axalta Coating Systems by 14.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,070 shares of the specialty chemicals company’s stock valued at $291,000 after purchasing an additional 1,141 shares in the last quarter. Finally, World Asset Management Inc increased its stake in shares of Axalta Coating Systems by 13.5% during the second quarter. World Asset Management Inc now owns 9,777 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 1,160 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems (NYSE:AXTA) traded up $0.16 during trading on Tuesday, hitting $32.57. 2,378,000 shares of the stock were exchanged, compared to its average volume of 2,366,042. The company has a current ratio of 2.11, a quick ratio of 1.50 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $7,896.06, a price-to-earnings ratio of 29.20, a P/E/G ratio of 2.03 and a beta of 1.55. Axalta Coating Systems has a one year low of $25.87 and a one year high of $38.20.

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About Axalta Coating Systems

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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