Axalta Coating Systems (AXTA) Scheduled to Post Earnings on Wednesday

Axalta Coating Systems (NYSE:AXTA) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Axalta Coating Systems to post earnings of $0.40 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. Axalta Coating Systems’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 EPS. On average, analysts expect Axalta Coating Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Axalta Coating Systems Stock Up 1.3 %

NYSE:AXTA opened at $31.64 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.98 and a quick ratio of 1.46. The company has a market capitalization of $6.98 billion, a PE ratio of 26.37, a P/E/G ratio of 1.02 and a beta of 1.51. The firm’s 50-day moving average price is $32.67 and its 200-day moving average price is $31.75. Axalta Coating Systems has a 1-year low of $25.03 and a 1-year high of $34.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AXTA shares. UBS Group cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $36.00 in a research note on Monday, January 8th. Citigroup upped their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Wolfe Research assumed coverage on shares of Axalta Coating Systems in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company increased their target price on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Axalta Coating Systems presently has an average rating of “Hold” and a consensus target price of $35.70.

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.