KeyCorp Expects Stronger Earnings for Axalta Coating Systems

Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) - KeyCorp increased their Q1 2025 EPS estimates for Axalta Coating Systems in a research note issued to investors on Sunday, April 13th. KeyCorp analyst A. Yefremov now expects that the specialty chemicals company will post earnings of $0.53 per share for the quarter, up from their previous forecast of $0.49. The consensus estimate for Axalta Coating Systems' current full-year earnings is $2.55 per share. KeyCorp also issued estimates for Axalta Coating Systems' FY2025 earnings at $2.33 EPS.

Several other brokerages have also recently commented on AXTA. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price for the company in a research report on Thursday, April 10th. Barclays upped their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Wolfe Research raised shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective on the stock in a research report on Friday, January 17th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company cut their price objective on Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $41.36.

Axalta Coating Systems Trading Down 2.2 %

NYSE AXTA traded down $0.68 on Wednesday, hitting $30.55. 497,379 shares of the company were exchanged, compared to its average volume of 2,033,287. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems has a twelve month low of $27.70 and a twelve month high of $41.66. The firm has a market capitalization of $6.66 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. The company's 50 day moving average price is $33.84 and its 200-day moving average price is $35.99.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS.

Institutional Investors Weigh In On Axalta Coating Systems

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock worth $132,823,000 after acquiring an additional 31,894 shares in the last quarter. Oak Thistle LLC boosted its stake in Axalta Coating Systems by 434.3% in the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock worth $1,353,000 after purchasing an additional 32,135 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Axalta Coating Systems by 5.8% in the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company's stock worth $16,135,000 after purchasing an additional 24,402 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Axalta Coating Systems by 57.8% during the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock worth $12,183,000 after purchasing an additional 130,427 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Axalta Coating Systems by 5.5% in the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock valued at $218,000 after buying an additional 332 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Insider Buying and Selling

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by company insiders.

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.