Axalta Coating Systems (NYSE:AXTA) Announces Quarterly Earnings Results

Axalta Coating Systems (NYSE:AXTA) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09, RTT News reports. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. Axalta Coating Systems’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. Axalta Coating Systems updated its Q1 2025 guidance to 0.540-0.540 EPS and its FY 2025 guidance to 2.500-2.600 EPS.

Axalta Coating Systems Stock Up 8.0 %

NYSE:AXTA traded up $2.80 during mid-day trading on Tuesday, hitting $37.91. 2,776,671 shares of the company’s stock traded hands, compared to its average volume of 1,703,176. The company has a fifty day moving average of $36.57 and a 200 day moving average of $36.37. The company has a market capitalization of $8.27 billion, a P/E ratio of 25.60, a P/E/G ratio of 0.74 and a beta of 1.46. Axalta Coating Systems has a twelve month low of $30.40 and a twelve month high of $41.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00.

Analyst Ratings Changes

Several research firms recently weighed in on AXTA. BMO Capital Markets lifted their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research note on Friday, January 17th. Barclays increased their target price 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. Royal Bank of Canada lifted their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

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.