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

Axalta Coating Systems (NYSE:AXTA) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.54 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AXTA. Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, December 19th. Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Finally, Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Axalta Coating Systems Trading Up 8.6 %

Shares of AXTA opened at $38.14 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average price of $36.57 and a 200 day moving average price of $36.37. Axalta Coating Systems has a 12-month low of $30.40 and a 12-month high of $41.65. The firm has a market capitalization of $8.32 billion, a P/E ratio of 25.77, a P/E/G ratio of 0.74 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. Sell-side analysts forecast that Axalta Coating Systems will post 2.15 EPS for the current year.

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.