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 2.150-2.150 for the period, compared to the consensus earnings per share estimate of 2.060. The company issued revenue guidance of $5.3 billion-$5.3 billion, compared to the consensus revenue estimate of $5.3 billion. Axalta Coating Systems also updated its FY24 guidance to $2.15 EPS.
Axalta Coating Systems Trading Up 6.9 %
Shares of NYSE AXTA opened at $37.85 on Wednesday. Axalta Coating Systems has a 12 month low of $25.92 and a 12 month high of $37.85. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 0.87 and a beta of 1.44. The company has a quick ratio of 1.70, a current ratio of 2.26 and a debt-to-equity ratio of 1.97. The business has a fifty day simple moving average of $35.80 and a 200-day simple moving average of $34.97.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last announced its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $0.35 earnings per share. Axalta Coating Systems’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Axalta Coating Systems will post 2.06 EPS for the current year.
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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.
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