Axalta Coating Systems (NYSE:AXTA) Releases Earnings Results, Beats Estimates By $0.08 EPS

Axalta Coating Systems (NYSE:AXTA - Get Free Report) released its earnings results on Wednesday. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.08, Briefing.com reports. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The business's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS.

Axalta Coating Systems Stock Up 1.9 %

Shares of Axalta Coating Systems stock traded up $0.65 on Thursday, reaching $34.86. The stock had a trading volume of 4,755,016 shares, compared to its average volume of 2,122,357. The company has a 50 day moving average price of $32.78 and a 200 day moving average price of $31.82. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 1.96. Axalta Coating Systems has a 1 year low of $25.03 and a 1 year high of $35.21. The stock has a market capitalization of $7.69 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.02 and a beta of 1.51.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday. Barclays raised their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday. KeyCorp raised their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday. Robert W. Baird raised their price target on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, BMO Capital Markets raised 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 note on Thursday. One 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.54.

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.