Axalta Coating Systems (NYSE:AXTA) Releases Q1 Earnings Guidance

Axalta Coating Systems (NYSE:AXTA) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.54 for the period, compared to the consensus estimate of $0.50. The company issued revenue guidance of $1.294 billion, compared to the consensus revenue estimate of $1.30 billion. Axalta Coating Systems also updated its FY 2025 guidance to 2.500-2.600 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Mizuho reduced their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target on the stock. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, Barclays raised their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Axalta Coating Systems Price Performance

Shares of AXTA stock traded up $2.98 during midday trading on Tuesday, reaching $38.09. 3,627,531 shares of the company were exchanged, compared to its average volume of 1,733,068. Axalta Coating Systems has a 12 month low of $30.40 and a 12 month high of $41.65. The company has a market cap of $8.31 billion, a P/E ratio of 25.72, a PEG ratio of 0.74 and a beta of 1.46. The company’s 50 day moving average price is $36.57 and its two-hundred day moving average price is $36.37. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.43 EPS. Axalta Coating Systems’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that Axalta Coating Systems will post 2.15 earnings per share for the current year.

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.