Axalta Coating Systems (AXTA) Set to Announce Quarterly Earnings on Wednesday

Axalta Coating Systems (NYSE:AXTA) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. 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 Trading Down 0.3 %

AXTA opened at $31.19 on Wednesday. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.00 and a beta of 1.51. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 1.96. Axalta Coating Systems has a 12 month low of $25.03 and a 12 month high of $34.53. The stock has a fifty day moving average price of $32.67 and a 200-day moving average price of $31.64.

Analysts Set New Price Targets

AXTA has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 9th. Citigroup boosted their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Wolfe Research initiated coverage on Axalta Coating Systems in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their price target on Axalta Coating Systems from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Finally, UBS Group lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their target price for the company from $35.00 to $36.00 in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.70.

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.