Axalta Coating Systems Ltd Expected to Post Q1 2019 Earnings of $0.33 Per Share (AXTA)

Axalta Coating Systems Ltd (NYSE:AXTA) – Stock analysts at Seaport Global Securities issued their Q1 2019 earnings estimates for Axalta Coating Systems in a research report issued on Wednesday. Seaport Global Securities analyst M. Harrison forecasts that the specialty chemicals company will post earnings per share of $0.33 for the quarter. Seaport Global Securities also issued estimates for Axalta Coating Systems’ Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.59 EPS.

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

Several other equities research analysts have also weighed in on AXTA. Royal Bank of Canada dropped their target price on Axalta Coating Systems from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 27th. BidaskClub raised Axalta Coating Systems from a “strong sell” rating to a “sell” rating in a report on Friday, October 6th. Citigroup lowered Axalta Coating Systems from a “neutral” rating to a “sell” rating and lowered their price target for the company from $31.00 to $25.00 in a report on Tuesday, October 10th. Nomura raised Axalta Coating Systems to a “buy” rating and lowered their price target for the company from $30.00 to $28.00 in a report on Tuesday, October 10th. Finally, KeyCorp reissued a “buy” rating and set a $36.00 price target on shares of Axalta Coating Systems in a report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.60.

Shares of Axalta Coating Systems (NYSE:AXTA) traded up $0.50 during midday trading on Friday, reaching $31.66. The company’s stock had a trading volume of 2,090,000 shares, compared to its average volume of 1,900,000. Axalta Coating Systems has a 1 year low of $27.77 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. The firm has a market capitalization of $7,710.00, a price-to-earnings ratio of 109.17, a PEG ratio of 1.68 and a beta of 1.55.

In related news, SVP Michael F. Finn sold 3,950 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total transaction of $129,007.00. Following the completion of the transaction, the senior vice president now owns 108,818 shares of the company’s stock, valued at $3,553,995.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in 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 buying an additional 1,141 shares in the last quarter. Prudential Financial Inc. boosted its stake in Axalta Coating Systems by 24.6% during the second quarter. Prudential Financial Inc. now owns 8,110 shares of the specialty chemicals company’s stock valued at $260,000 after buying an additional 1,600 shares in the last quarter. Norman Fields Gottscho Capital Management LLC boosted its position in shares of Axalta Coating Systems by 0.7% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 244,320 shares of the specialty chemicals company’s stock valued at $7,066,000 after purchasing an additional 1,735 shares during the period. Comerica Bank boosted its position in shares of Axalta Coating Systems by 22.6% in the 2nd quarter. Comerica Bank now owns 10,329 shares of the specialty chemicals company’s stock valued at $332,000 after purchasing an additional 1,907 shares during the period. Finally, AMP Capital Investors Ltd boosted its position in shares of Axalta Coating Systems by 3.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 65,606 shares of the specialty chemicals company’s stock valued at $1,898,000 after purchasing an additional 2,300 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Axalta Coating Systems (NYSE:AXTA)

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