Seaport Res Ptn Research Analysts Increase Earnings Estimates for Axalta Coating Systems Ltd. (NYSE:AXTA)

Axalta Coating Systems Ltd. (NYSE:AXTA) – Research analysts at Seaport Res Ptn upped their Q2 2024 earnings per share (EPS) estimates for shares of Axalta Coating Systems in a note issued to investors on Wednesday, May 1st. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $0.50 for the quarter, up from their prior forecast of $0.49. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $1.90 per share. Seaport Res Ptn also issued estimates for Axalta Coating Systems’ Q4 2025 earnings at $0.61 EPS.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday. Wells Fargo & Company increased their target price on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 9th. UBS Group downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $36.00 in a report on Monday, January 8th. Mizuho reduced their price objective on Axalta Coating Systems from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of Axalta Coating Systems from $39.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Axalta Coating Systems Trading Up 1.1 %

NYSE AXTA opened at $35.21 on Friday. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 1.46. Axalta Coating Systems has a 12 month low of $25.03 and a 12 month high of $35.31. The company’s fifty day moving average price is $32.78 and its two-hundred day moving average price is $31.82.

Hedge Funds Weigh In On Axalta Coating Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in Axalta Coating Systems by 9.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,657,696 shares of the specialty chemicals company’s stock valued at $125,292,000 after acquiring an additional 382,949 shares in the last quarter. Hawk Ridge Capital Management LP lifted its holdings in Axalta Coating Systems by 49.3% in the third quarter. Hawk Ridge Capital Management LP now owns 2,952,198 shares of the specialty chemicals company’s stock worth $79,414,000 after purchasing an additional 974,973 shares during the period. JPMorgan Chase & Co. grew its position in Axalta Coating Systems by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock valued at $362,366,000 after buying an additional 1,415,723 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Axalta Coating Systems by 11.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,644,246 shares of the specialty chemicals company’s stock valued at $71,130,000 after buying an additional 272,455 shares in the last quarter. Finally, Prospector Partners LLC increased its stake in Axalta Coating Systems by 10.2% during the 3rd quarter. Prospector Partners LLC now owns 323,930 shares of the specialty chemicals company’s stock valued at $8,714,000 after buying an additional 29,930 shares during the period. 98.28% of the stock is owned by institutional investors.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.