Axalta Coating Systems Ltd (NYSE:AXTA) – Research analysts at Gabelli dropped their FY2020 EPS estimates for Axalta Coating Systems in a report issued on Wednesday. Gabelli analyst C. Jolly now forecasts that the specialty chemicals company will post earnings of $1.65 per share for the year, down from their previous estimate of $1.80. Gabelli also issued estimates for Axalta Coating Systems’ FY2021 earnings at $1.75 EPS.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a net margin of 0.84% and a return on equity of 20.93%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned ($0.16) EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year.

AXTA has been the topic of several other reports. Credit Suisse Group boosted their price objective on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Zacks Investment Research lowered shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Raymond James Financial began coverage on shares of Axalta Coating Systems in a research report on Tuesday, December 19th. They issued a “market perform” rating on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a research report on Thursday. Finally, UBS Group decreased their price objective on shares of Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Axalta Coating Systems presently has an average rating of “Hold” and an average price target of $33.53.

Shares of Axalta Coating Systems (NYSE:AXTA) opened at $30.57 on Friday. Axalta Coating Systems has a 1 year low of $27.77 and a 1 year high of $38.20. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69. The company has a market cap of $7,456.02, a PE ratio of 235.17, a P/E/G ratio of 1.65 and a beta of 1.38.

In other Axalta Coating Systems news, CEO Charles W. Shaver sold 235,810 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $30.58, for a total value of $7,211,069.80. Following the transaction, the chief executive officer now directly owns 522,752 shares in the company, valued at approximately $15,985,756.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Michael F. Finn sold 3,950 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total transaction of $129,007.00. Following the completion of the transaction, the senior vice president now owns 108,818 shares in the company, valued at $3,553,995.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 473,902 shares of company stock worth $14,498,467. 2.30% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in AXTA. Prudential Financial Inc. lifted its holdings in Axalta Coating Systems by 24.6% in the 2nd quarter. Prudential Financial Inc. now owns 8,110 shares of the specialty chemicals company’s stock valued at $260,000 after purchasing an additional 1,600 shares in the last quarter. Northern Trust Corp lifted its holdings in Axalta Coating Systems by 9.6% in the 2nd quarter. Northern Trust Corp now owns 1,254,736 shares of the specialty chemicals company’s stock valued at $40,201,000 after purchasing an additional 109,410 shares in the last quarter. Advisor Group Inc. lifted its holdings in Axalta Coating Systems by 217.3% in the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 3,837 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in Axalta Coating Systems in the 2nd quarter valued at about $367,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Axalta Coating Systems by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 900,444 shares of the specialty chemicals company’s stock valued at $28,851,000 after purchasing an additional 50,471 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

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Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Earnings History and Estimates for Axalta Coating Systems (NYSE:AXTA)

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