Research Analysts Offer Predictions for AXTA Q4 Earnings

Axalta Coating Systems Ltd. (NYSE:AXTA) – Analysts at KeyCorp reduced their Q4 2024 earnings per share (EPS) estimates for shares of Axalta Coating Systems in a report released on Monday, December 16th. KeyCorp analyst A. Yefremov now anticipates that the specialty chemicals company will post earnings per share of $0.47 for the quarter, down from their previous forecast of $0.50. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $2.16 per share. KeyCorp also issued estimates for Axalta Coating Systems’ Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.64 EPS and FY2026 earnings at $2.75 EPS.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada raised their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Evercore ISI assumed coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective on the stock. BMO Capital Markets boosted their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Barclays boosted their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $34.44 on Thursday. Axalta Coating Systems has a 52-week low of $30.40 and a 52-week high of $41.65. The company has a fifty day moving average of $38.42 and a 200-day moving average of $36.31. The company has a market capitalization of $7.51 billion, a P/E ratio of 23.27, a P/E/G ratio of 0.83 and a beta of 1.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00.

Institutional Investors Weigh In On Axalta Coating Systems

A number of large investors have recently added to or reduced their stakes in AXTA. Millennium Management LLC grew its position in shares of Axalta Coating Systems by 89.7% in the 2nd quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock worth $93,411,000 after buying an additional 1,292,434 shares during the last quarter. Interval Partners LP lifted its stake in Axalta Coating Systems by 716.6% in the second quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock worth $41,857,000 after acquiring an additional 1,074,961 shares during the period. PointState Capital LP bought a new stake in Axalta Coating Systems in the third quarter valued at $30,257,000. Victory Capital Management Inc. increased its position in Axalta Coating Systems by 5.6% during the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock valued at $355,479,000 after purchasing an additional 550,970 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Axalta Coating Systems by 59.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,329,700 shares of the specialty chemicals company’s stock worth $45,436,000 after purchasing an additional 497,000 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

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.