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

Axalta Coating Systems (NYSE:AXTA) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Axalta Coating Systems to post earnings of $0.51 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 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 Down 1.8 %

Shares of NYSE AXTA opened at $35.06 on Wednesday. The company’s 50 day moving average price is $35.69 and its 200-day moving average price is $34.87. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.70 and a current ratio of 2.26. Axalta Coating Systems has a 52-week low of $25.03 and a 52-week high of $37.78. The company has a market capitalization of $7.74 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44.

Analyst Ratings Changes

AXTA has been the subject of a number of recent analyst reports. Barclays increased their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada increased their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. KeyCorp lifted their price objective on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, UBS Group dropped their target price on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Axalta Coating Systems has a consensus rating of “Moderate Buy” and an average target price of $41.00.

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.