Axalta Coating Systems (NYSE:AXTA) Releases 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 (EPS) guidance of $0.54 for the period, compared to the consensus 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 Performance

Shares of Axalta Coating Systems stock traded up $0.24 during trading hours on Thursday, hitting $38.04. 765,046 shares of the company were exchanged, compared to its average volume of 1,818,767. The business has a 50-day moving average of $36.46 and a 200-day moving average of $36.40. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 0.74 and a beta of 1.46. 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 has a 1 year low of $30.40 and a 1 year high of $41.65.

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 (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. Axalta Coating Systems’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. As a group, analysts expect that Axalta Coating Systems will post 2.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AXTA shares. Deutsche Bank Aktiengesellschaft decreased their price objective on 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. Royal Bank of Canada raised their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets lifted their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a report on Friday, January 17th. Finally, Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of “Moderate Buy” and an average target price of $43.08.

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.