Axalta Coating Systems (NYSE:AXTA) Releases Q1 Earnings Guidance

Axalta Coating Systems (NYSE:AXTA) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.54 for the period, compared to the consensus estimate of $0.50. The company issued revenue guidance of $1.294 billion, compared to the consensus revenue estimate of $1.30 billion. Axalta Coating Systems also updated its FY 2025 guidance to 2.500-2.600 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their target price for the company from $45.00 to $41.00 in a research note on Wednesday, December 18th. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research note on Friday, January 17th. BMO Capital Markets increased their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.08.

Axalta Coating Systems Trading Up 0.6 %

Shares of Axalta Coating Systems stock traded up $0.24 during trading on Thursday, reaching $38.04. 765,046 shares of the company were exchanged, compared to its average volume of 1,818,767. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. Axalta Coating Systems has a twelve month low of $30.40 and a twelve month high of $41.65. The business has a 50-day moving average price of $36.46 and a 200-day moving average price of $36.40. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 0.74 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm 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 24.92% and a net margin of 6.22%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Sell-side analysts anticipate that Axalta Coating Systems will post 2.15 EPS for the current fiscal year.

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.