Axalta Coating Systems (NYSE:AXTA – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.050-2.050 for the period, compared to the consensus estimate of 1.980. The company issued revenue guidance of -. Axalta Coating Systems also updated its Q3 2024 guidance to 0.500-0.500 EPS.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Mizuho increased their price objective on Axalta Coating Systems from $38.00 to $41.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Robert W. Baird increased their price objective on Axalta Coating Systems from $35.00 to $40.00 and gave the stock an outperform rating in a research note on Thursday, May 2nd. UBS Group dropped their target price on Axalta Coating Systems from $39.00 to $38.00 and set a neutral rating on the stock in a research report on Tuesday, July 9th. Wells Fargo & Company raised Axalta Coating Systems from a hold rating to a strong-buy rating in a research report on Tuesday, June 11th. Finally, BMO Capital Markets upped their target price on Axalta Coating Systems from $42.00 to $45.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $38.50.
Read Our Latest Stock Analysis on Axalta Coating Systems
Axalta Coating Systems Price Performance
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last announced its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts predict that Axalta Coating Systems will post 1.98 earnings per share for the current year.
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.
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