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

Axalta Coating Systems (NYSE:AXTA) issued an update on its first quarter earnings guidance on Tuesday morning. 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.

Axalta Coating Systems Price Performance

Shares of AXTA stock traded up $2.98 during trading hours on Tuesday, hitting $38.09. The company’s stock had a trading volume of 3,627,531 shares, compared to its average volume of 1,733,068. The business has a fifty day moving average of $36.57 and a 200-day moving average of $36.37. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 25.72, 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 current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The business 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 company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. As a group, equities research analysts anticipate that Axalta Coating Systems will post 2.15 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AXTA. Royal Bank of Canada upped their price objective 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. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $45.00 to $41.00 in a research note on Wednesday, December 18th. Evercore ISI initiated 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. Deutsche Bank Aktiengesellschaft cut 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 note on Thursday, December 19th. Finally, Mizuho cut 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 note on Tuesday, January 7th. Three equities research 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.