Axalta Coating Systems (NYSE:AXTA) Announces Earnings Results

Key Points

• Axalta Coating Systems reported a quarterly EPS of $0.64, surpassing estimates of $0.61 by $0.03, despite a 3.4% decline in year-over-year revenue to $1.32 billion.
• The company updated its FY 2025 EPS guidance to 2.450-2.550 and Q3 2025 EPS guidance to 0.630-0.670.
• Axalta's stock is currently rated as a Moderate Buy with an average target price of $38.80, although several brokerages have recently lowered their price targets and ratings.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) announced its earnings results on Wednesday. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.03, Zacks reports. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $0.57 earnings per share. Axalta Coating Systems's revenue was down 3.4% compared to the same quarter last year. Axalta Coating Systems updated its FY 2025 guidance to 2.450-2.550 EPS and its Q3 2025 guidance to 0.630-0.670 EPS.

Axalta Coating Systems Stock Down 1.8%

Shares of AXTA traded down $0.50 during midday trading on Friday, hitting $27.82. The company had a trading volume of 3,142,912 shares, compared to its average volume of 2,961,726. The company's 50 day moving average price is $30.07 and its 200 day moving average price is $32.62. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.33 and a beta of 1.27. Axalta Coating Systems has a 52 week low of $27.58 and a 52 week high of $41.65. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research note on Friday, July 18th. Mizuho cut their target price on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 15th. Wall Street Zen downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company cut their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.71.

Institutional Investors Weigh In On Axalta Coating Systems

An institutional investor recently raised its position in Axalta Coating Systems stock. Jane Street Group LLC increased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 29.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 156,122 shares of the specialty chemicals company's stock after buying an additional 35,092 shares during the period. Jane Street Group LLC owned about 0.07% of Axalta Coating Systems worth $5,179,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 98.28% of the company's stock.

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.