Axalta Coating Systems (NYSE:AXTA - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.900-2.000 for the period. The company issued revenue guidance of -. Axalta Coating Systems also updated its FY24 guidance to $1.90-$2.00 EPS.
Axalta Coating Systems Stock Performance
Shares of AXTA stock traded up $2.77 during trading on Wednesday, reaching $34.21. The company had a trading volume of 9,115,074 shares, compared to its average volume of 2,089,867. The firm's 50 day simple moving average is $32.72 and its two-hundred day simple moving average is $31.80. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.98 and a quick ratio of 1.46. Axalta Coating Systems has a one year low of $25.03 and a one year high of $34.94. The company has a market capitalization of $7.55 billion, a PE ratio of 28.51, a PEG ratio of 1.03 and a beta of 1.51.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business posted $0.38 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that Axalta Coating Systems will post 1.88 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Citigroup lifted their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. Wolfe Research assumed coverage on Axalta Coating Systems in a report on Friday, March 1st. They set a peer perform rating on the stock. Wells Fargo & Company lifted their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an equal weight rating in a report on Tuesday, January 9th. UBS Group lowered Axalta Coating Systems from a buy rating to a neutral rating and lifted their price objective for the stock from $35.00 to $36.00 in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the stock an overweight rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $35.70.
View Our Latest Report on AXTA
About Axalta Coating Systems
(
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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.
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