Axalta Coating Systems (AXTA) Set to Announce Quarterly Earnings on Thursday

Axalta Coating Systems (NYSE:AXTA) will be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. On average, analysts expect Axalta Coating Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock opened at $35.20 on Wednesday. The firm’s fifty day moving average price is $34.98 and its 200-day moving average price is $33.69. 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 stock has a market cap of $7.77 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44. Axalta Coating Systems has a fifty-two week low of $25.03 and a fifty-two week high of $36.98.

Wall Street Analyst Weigh In

AXTA has been the topic of several research reports. Wells Fargo & Company upgraded shares of Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 11th. BMO Capital Markets increased their target price on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Mizuho increased their target price on shares of Axalta Coating Systems from $38.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. KeyCorp increased 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, May 2nd. Finally, Barclays increased 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, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

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.