Axalta Coating Systems (AXTA) Expected to Announce Earnings on Wednesday

Axalta Coating Systems (NYSE:AXTA) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect Axalta Coating Systems to post earnings of $0.54 per share and revenue of $1.29 billion for the quarter.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. Axalta Coating Systems’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, analysts expect Axalta Coating Systems to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Axalta Coating Systems Trading Up 0.3 %

NYSE:AXTA opened at $33.27 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The firm has a 50-day moving average of $32.79 and a 200-day moving average of $35.65. The company has a market cap of $7.27 billion, a PE ratio of 18.69, a PEG ratio of 0.92 and a beta of 1.35. Axalta Coating Systems has a one year low of $27.70 and a one year high of $41.66.

Insider Activity

In other news, insider Troy D. Weaver sold 10,457 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the transaction, the insider now owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AXTA. Barclays upped their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a report on Friday, January 17th. Wells Fargo & Company cut their price objective on Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. BNP Paribas raised Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Thursday, April 10th. Finally, Citigroup cut their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.36.

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.