Axalta Coating Systems (NYSE:AXTA) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.70-1.90 for the period, compared to the Thomson Reuters consensus estimate of $1.72. The company issued revenue guidance of $4.576306-4.576306 billion, compared to the consensus revenue estimate of $4.69 billion.

Several research firms have issued reports on AXTA. Credit Suisse Group set a €59.00 ($68.60) price target on shares of Renault and gave the company a neutral rating in a research report on Friday. Robert W. Baird began coverage on shares of Cue Biopharma in a research report on Thursday. They set an outperform rating and a $13.00 price target for the company. BMO Capital Markets upped their price target on shares of Axalta Coating Systems to $34.00 and gave the company a market perform rating in a research report on Friday, June 21st. Berenberg Bank restated a hold rating and set a GBX 900 ($11.76) price target on shares of WPP in a research report on Friday, July 12th. Finally, KeyCorp restated an overweight rating and set a $136.00 price target (up from $127.00) on shares of Coupa Software in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $31.46.

NYSE AXTA traded up $0.14 during trading on Friday, hitting $30.87. 2,148,958 shares of the company’s stock traded hands, compared to its average volume of 2,203,479. The business’s fifty day moving average price is $29.01. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.60 and a current ratio of 2.21. Axalta Coating Systems has a 12-month low of $21.58 and a 12-month high of $32.14. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 1.47 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. Axalta Coating Systems had a net margin of 4.45% and a return on equity of 27.57%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $0.36 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. On average, sell-side analysts anticipate that Axalta Coating Systems will post 1.72 earnings per share for the current year.

In other news, Director Charles W. Shaver sold 500,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $25.24, for a total transaction of $12,620,000.00. Following the completion of the transaction, the director now directly owns 492,369 shares of the company’s stock, valued at $12,427,393.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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

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