Axalta Coating Systems (AXTA) to Release Quarterly Earnings on Wednesday

Axalta Coating Systems (NYSE:AXTA) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Parties that wish to listen to the company’s 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, topping the consensus estimate of $0.51 by $0.06. The company 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 was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 Price Performance

AXTA opened at $35.58 on Tuesday. The company has a 50-day moving average of $35.77 and a 200-day moving average of $34.94. The company has a market capitalization of $7.85 billion, a P/E ratio of 32.05, a PEG ratio of 0.87 and a beta of 1.44. Axalta Coating Systems has a 1-year low of $25.49 and a 1-year high of $37.78. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.70 and a current ratio of 2.26.

Analysts Set New Price Targets

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

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.