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 EPS guidance of $0.54 for the period, compared to the consensus EPS 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.

Axalta Coating Systems Stock Up 8.2 %

NYSE AXTA traded up $2.90 during trading on Tuesday, reaching $38.01. 3,349,546 shares of the company’s stock were exchanged, compared to its average volume of 1,726,356. The firm has a market capitalization of $8.29 billion, a PE ratio of 25.66, a P/E/G ratio of 0.74 and a beta of 1.46. Axalta Coating Systems has a fifty-two week low of $30.40 and a fifty-two week high of $41.65. 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 company’s fifty day simple moving average is $36.57 and its 200-day simple moving average is $36.37.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AXTA shares. Mizuho lowered their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada boosted their price target 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. BMO Capital Markets lifted their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target on the stock. Finally, Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their price target for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and a consensus target price 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.