Q4 EPS Estimate for Axalta Coating Systems Cut by Analyst

Axalta Coating Systems Ltd. (NYSE:AXTA) – Stock analysts at KeyCorp decreased their Q4 2024 earnings estimates for Axalta Coating Systems in a research report issued to clients and investors on Monday, December 16th. KeyCorp analyst A. Yefremov now anticipates that the specialty chemicals company will earn $0.47 per share for the quarter, down from their prior estimate of $0.50. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Axalta Coating Systems’ current full-year earnings is $2.16 per share. KeyCorp also issued estimates for Axalta Coating Systems’ Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.64 EPS and FY2026 earnings at $2.75 EPS.

A number of other equities research analysts have also recently issued reports on AXTA. BMO Capital Markets increased their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Mizuho raised their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Barclays boosted their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada raised their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $34.40 on Thursday. The company has a market capitalization of $7.50 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 0.83 and a beta of 1.44. The business has a 50 day simple moving average of $38.37 and a 200 day simple moving average of $36.30. Axalta Coating Systems has a one year low of $30.40 and a one year high of $41.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 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 .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its stake in shares of Axalta Coating Systems by 89.7% during the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock worth $93,411,000 after buying an additional 1,292,434 shares during the last quarter. Interval Partners LP raised its position in shares of Axalta Coating Systems by 716.6% during the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock valued at $41,857,000 after acquiring an additional 1,074,961 shares during the last quarter. PointState Capital LP acquired a new position in shares of Axalta Coating Systems in the 3rd quarter valued at $30,257,000. Victory Capital Management Inc. lifted its stake in shares of Axalta Coating Systems by 5.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock valued at $355,479,000 after purchasing an additional 550,970 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Axalta Coating Systems by 59.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,329,700 shares of the specialty chemicals company’s stock worth $45,436,000 after purchasing an additional 497,000 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

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.