FY2024 EPS Estimates for Axalta Coating Systems Ltd. Raised by Seaport Res Ptn (NYSE:AXTA)

Axalta Coating Systems Ltd. (NYSE:AXTA) – Equities research analysts at Seaport Res Ptn upped their FY2024 EPS estimates for Axalta Coating Systems in a research note issued on Wednesday, May 1st. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will earn $1.98 per share for the year, up from their prior forecast of $1.89. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $1.99 per share. Seaport Res Ptn also issued estimates for Axalta Coating Systems’ Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.60 EPS and FY2025 earnings at $2.33 EPS.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis.

Several other analysts have also recently issued reports on the stock. Wolfe Research assumed coverage on shares of Axalta Coating Systems in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. UBS Group cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and raised their price target for the company from $35.00 to $36.00 in a research report on Monday, January 8th. Royal Bank of Canada upped their price objective on Axalta Coating Systems from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird boosted their target price on Axalta Coating Systems from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets lifted their price objective on Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Axalta Coating Systems Price Performance

AXTA stock opened at $35.48 on Monday. The company has a market capitalization of $7.83 billion, a PE ratio of 31.96, a P/E/G ratio of 1.01 and a beta of 1.51. The company has a current ratio of 2.07, a quick ratio of 1.51 and a debt-to-equity ratio of 1.92. The business’s fifty day moving average price is $32.90 and its 200 day moving average price is $32.02. Axalta Coating Systems has a 12-month low of $25.03 and a 12-month high of $35.59.

Institutional Trading of Axalta Coating Systems

A number of large investors have recently made changes to their positions in AXTA. Fifth Third Bancorp increased its stake in Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 338 shares during the period. TFO Wealth Partners LLC increased its position in Axalta Coating Systems by 12,022.2% in the 4th quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 1,082 shares during the period. Raleigh Capital Management Inc. purchased a new stake in Axalta Coating Systems during the 4th quarter valued at approximately $48,000. Kapitalo Investimentos Ltda acquired a new stake in Axalta Coating Systems during the 4th quarter worth approximately $88,000. Finally, CWM LLC grew its stake in shares of Axalta Coating Systems by 23.2% in the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 575 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

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.