Axalta Coating Systems Ltd (AXTA) to Post Q1 2019 Earnings of $0.33 Per Share, Seaport Global Securities Forecasts

Axalta Coating Systems Ltd (NYSE:AXTA) – Stock analysts at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for Axalta Coating Systems in a research report issued on Wednesday. Seaport Global Securities analyst M. Harrison forecasts that the specialty chemicals company will earn $0.33 per share for the quarter. Seaport Global Securities also issued estimates for Axalta Coating Systems’ Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.59 EPS.

AXTA has been the subject of a number of other reports. KeyCorp reissued a “buy” rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a research note on Thursday, October 12th. Credit Suisse Group lifted their price objective on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Citigroup cut shares of Axalta Coating Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $31.00 to $25.00 in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Raymond James Financial assumed coverage on shares of Axalta Coating Systems in a research note on Tuesday, December 19th. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.60.

Shares of Axalta Coating Systems (NYSE:AXTA) traded up $0.51 during trading hours on Friday, hitting $31.66. 2,087,496 shares of the company’s stock were exchanged, compared to its average volume of 1,241,811. Axalta Coating Systems has a 1-year low of $27.77 and a 1-year high of $38.20. The stock has a market cap of $7,589.09, a PE ratio of 131.92, a P/E/G ratio of 1.68 and a beta of 1.55. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $0.33 EPS. The business’s revenue was up 6.8% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in AXTA. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Axalta Coating Systems by 927.6% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock worth $117,000 after acquiring an additional 3,664 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Axalta Coating Systems by 217.3% in the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 3,837 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in shares of Axalta Coating Systems in the 2nd quarter worth about $202,000. Laurion Capital Management LP bought a new stake in shares of Axalta Coating Systems in the 2nd quarter worth about $208,000. Finally, LVW Advisors LLC bought a new stake in shares of Axalta Coating Systems in the 3rd quarter worth about $214,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

In other news, SVP Michael F. Finn sold 3,950 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total value of $129,007.00. Following the completion of the sale, the senior vice president now owns 108,818 shares in the company, valued at approximately $3,553,995.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

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Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Earnings History and Estimates for Axalta Coating Systems (NYSE:AXTA)

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