Axalta Coating Systems Ltd (NYSE:AXTA) – Research analysts at Gabelli upped their FY2018 EPS estimates for shares of Axalta Coating Systems in a report released on Wednesday. Gabelli analyst C. Jolly now forecasts that the specialty chemicals company will post earnings per share of $1.45 for the year, up from their previous estimate of $1.40. Gabelli also issued estimates for Axalta Coating Systems’ FY2019 earnings at $1.55 EPS and FY2022 earnings at $1.85 EPS.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.16) earnings per share.

Several other analysts have also recently weighed in on the company. Credit Suisse Group boosted their price target on Axalta Coating Systems from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Zacks Investment Research cut Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. TheStreet upgraded 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 issued a $35.00 target price on shares of Axalta Coating Systems in a report on Monday, October 30th. Finally, BidaskClub cut Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.67.

Axalta Coating Systems (NYSE AXTA) traded down $0.05 during trading hours on Thursday, hitting $30.20. The stock had a trading volume of 1,464,527 shares, compared to its average volume of 1,920,425. The company has a market capitalization of $7,350.00, a PE ratio of 215.57, a P/E/G ratio of 1.64 and a beta of 1.38. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11. Axalta Coating Systems has a 52 week low of $27.77 and a 52 week high of $38.20.

In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total transaction of $129,007.00. Following the transaction, the senior vice president now directly owns 108,818 shares in the company, valued at approximately $3,553,995.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael F. Finn sold 1,889 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $30.56, for a total value of $57,727.84. Following the transaction, the senior vice president now owns 103,788 shares in the company, valued at $3,171,761.28. The disclosure for this sale can be found here. Insiders sold 473,902 shares of company stock worth $14,498,467 over the last quarter. 2.30% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Country Trust Bank bought a new position in shares of Axalta Coating Systems during the 3rd quarter worth approximately $5,038,000. State Street Corp boosted its holdings in shares of Axalta Coating Systems by 11.2% during the 2nd quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock worth $116,710,000 after buying an additional 365,915 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Axalta Coating Systems by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,309,651 shares of the specialty chemicals company’s stock worth $66,795,000 after buying an additional 22,515 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of Axalta Coating Systems by 31.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 532,080 shares of the specialty chemicals company’s stock worth $15,388,000 after buying an additional 128,682 shares in the last quarter. Finally, Marathon Asset Management LLP boosted its holdings in shares of Axalta Coating Systems by 32.8% during the 3rd quarter. Marathon Asset Management LLP now owns 1,250,613 shares of the specialty chemicals company’s stock worth $36,168,000 after buying an additional 308,752 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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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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