Axalta Coating Systems (NYSE:AXTA – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.90-$2.00 for the period, compared to the consensus earnings per share estimate of $1.90. Axalta Coating Systems also updated its FY 2024 guidance to 1.900-2.000 EPS.
Analyst Ratings Changes
A number of analysts have recently weighed in on AXTA shares. JPMorgan Chase & Co. upped their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an overweight rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an equal weight rating in a research report on Tuesday, January 9th. KeyCorp raised their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an overweight rating in a report on Thursday. Wolfe Research began coverage on shares of Axalta Coating Systems in a report on Friday, March 1st. They set a peer perform rating for the company. Finally, Barclays raised their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an overweight rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of Moderate Buy and an average price target of $38.00.
Check Out Our Latest Stock Analysis on Axalta Coating Systems
Axalta Coating Systems Price Performance
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $0.35 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect that Axalta Coating Systems will post 1.98 EPS for the current year.
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.
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