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

Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) - Stock analysts at Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for Axalta Coating Systems in a research note issued on Wednesday, May 1st. Seaport Res Ptn analyst M. Harrison now expects 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 - Get Free Report) last posted its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm's quarterly revenue was up 1.3% compared to the same quarter last year.

A number of other equities research analysts have also commented on the company. Wolfe Research assumed coverage on Axalta Coating Systems in a research report on Friday, March 1st. They set a "peer perform" rating on the stock. Mizuho lowered their target price on Axalta Coating Systems from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday. Wells Fargo & Company increased their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 9th. Finally, Citigroup upped their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have given 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

Shares of NYSE AXTA traded up $0.28 during mid-day trading on Monday, hitting $35.48. 2,339,072 shares of the stock were exchanged, compared to its average volume of 2,146,328. Axalta Coating Systems has a twelve month low of $25.03 and a twelve month high of $35.59. The stock's fifty day simple moving average is $32.84 and its two-hundred day simple moving average is $31.95. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.51 and a current ratio of 2.07. The company has a market cap of $7.83 billion, a P/E ratio of 31.71, a PEG ratio of 1.01 and a beta of 1.51.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in Axalta Coating Systems by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company's stock worth $36,000 after acquiring an additional 338 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in Axalta Coating Systems by 12,022.2% during the 4th quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company's stock worth $37,000 after acquiring an additional 1,082 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in Axalta Coating Systems during the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda bought a new position in Axalta Coating Systems during the 4th quarter worth approximately $88,000. Finally, CWM LLC boosted its stake in Axalta Coating Systems by 23.2% during the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company's stock worth $104,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

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.