KeyCorp Predicts Reduced Earnings for Axalta Coating Systems

Axalta Coating Systems Ltd. (NYSE:AXTA) – Investment analysts at KeyCorp decreased their Q4 2024 earnings per share estimates for shares of Axalta Coating Systems in a research note issued to investors on Monday, December 16th. KeyCorp analyst A. Yefremov now anticipates that the specialty chemicals company will post earnings of $0.47 per share for the quarter, down from their previous estimate of $0.50. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $2.16 per share. KeyCorp also issued estimates for Axalta Coating Systems’ Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.64 EPS and FY2026 earnings at $2.75 EPS.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 EPS.

Other equities analysts have also issued research reports about the company. Barclays boosted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets boosted their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada raised their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Evercore ISI began coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Finally, Mizuho increased their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.55.

Axalta Coating Systems Trading Down 3.8 %

Shares of Axalta Coating Systems stock opened at $35.01 on Thursday. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $41.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The stock has a market cap of $7.63 billion, a P/E ratio of 23.66, a P/E/G ratio of 0.83 and a beta of 1.44. The stock’s 50 day simple moving average is $38.46 and its 200-day simple moving average is $36.32.

Institutional Trading of Axalta Coating Systems

Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Axalta Coating Systems by 12.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company’s stock worth $466,000 after buying an additional 1,500 shares during the period. Raymond James & Associates lifted its stake in Axalta Coating Systems by 15.4% during the 2nd quarter. Raymond James & Associates now owns 113,441 shares of the specialty chemicals company’s stock worth $3,876,000 after acquiring an additional 15,160 shares in the last quarter. Fifth Third Bancorp lifted its stake in Axalta Coating Systems by 180.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,097 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 1,993 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Axalta Coating Systems during the 2nd quarter valued at about $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Axalta Coating Systems by 2.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,687 shares of the specialty chemicals company’s stock valued at $1,561,000 after acquiring an additional 1,111 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

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.