Equities Analysts Offer Predictions for Axalta Coating Systems Ltd’s Q1 2018 Earnings (NYSE:AXTA)

Axalta Coating Systems Ltd (NYSE:AXTA) – Jefferies Group boosted their Q1 2018 earnings per share estimates for Axalta Coating Systems in a research note issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.27. Jefferies Group also issued estimates for Axalta Coating Systems’ Q2 2018 earnings at $0.41 EPS.

AXTA has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 11th. BidaskClub upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “sell” rating in a report on Friday, October 6th. TheStreet lowered shares of Axalta Coating Systems from a “b-” rating to a “c+” rating in a report on Thursday, December 28th. UBS Group assumed coverage on shares of Axalta Coating Systems in a report on Tuesday, December 19th. They set a “market perform” rating on the stock. Finally, Instinet restated a “neutral” rating and set a $28.00 price objective (down from $30.00) on shares of Axalta Coating Systems in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus price target of $33.73.

Axalta Coating Systems (NYSE AXTA) opened at $32.72 on Monday. The firm has a market cap of $7,970.00, a price-to-earnings ratio of 112.83, a PEG ratio of 1.73 and a beta of 1.55. Axalta Coating Systems has a 52-week low of $27.66 and a 52-week high of $38.20. The company has a current ratio of 2.11, a quick ratio of 1.50 and a debt-to-equity ratio of 2.69.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 1.46% and a return on equity of 19.91%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Axalta Coating Systems by 31.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,952,954 shares of the specialty chemicals company’s stock worth $62,573,000 after buying an additional 465,671 shares during the period. First Trust Advisors LP boosted its holdings in shares of Axalta Coating Systems by 78.4% during the 2nd quarter. First Trust Advisors LP now owns 303,847 shares of the specialty chemicals company’s stock worth $9,735,000 after buying an additional 133,489 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Axalta Coating Systems by 111.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 52,981 shares of the specialty chemicals company’s stock worth $1,730,000 after buying an additional 27,890 shares during the period. Rhumbline Advisers boosted its holdings in shares of Axalta Coating Systems by 25.9% during the 2nd quarter. Rhumbline Advisers now owns 231,310 shares of the specialty chemicals company’s stock worth $7,411,000 after buying an additional 47,569 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Axalta Coating Systems by 11.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 833,165 shares of the specialty chemicals company’s stock worth $26,695,000 after buying an additional 87,798 shares during the period. Institutional investors own 99.21% of the company’s stock.

In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of Axalta Coating Systems stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total value of $129,007.00. Following the sale, the senior vice president now directly owns 108,818 shares in the company, valued at approximately $3,553,995.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

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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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