Axalta Coating Systems (NYSE:AXTA) Updates FY25 Earnings Guidance

Axalta Coating Systems (NYSE:AXTA) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.50-2.60 for the period, compared to the consensus earnings per share estimate of $2.35. The company issued revenue guidance of $5.35-5.4 billion, compared to the consensus revenue estimate of $5.36 billion. Axalta Coating Systems also updated its FY 2025 guidance to 2.500-2.600 EPS.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Friday, January 17th. Evercore ISI started coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Royal Bank of Canada raised their target price on shares of 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, Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their target price for the company from $45.00 to $41.00 in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Axalta Coating Systems Trading Up 8.5 %

Axalta Coating Systems stock traded up $2.98 during midday trading on Tuesday, hitting $38.09. 3,627,531 shares of the stock were exchanged, compared to its average volume of 1,733,068. The company has a fifty day simple moving average of $36.57 and a two-hundred day simple moving average of $36.37. Axalta Coating Systems has a 52 week low of $30.40 and a 52 week high of $41.65. The stock has a market capitalization of $8.31 billion, a PE ratio of 25.72, a P/E/G ratio of 0.74 and a beta of 1.46. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $0.43 EPS. Axalta Coating Systems’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Axalta Coating Systems will post 2.15 EPS for the current fiscal 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.