Axalta Coating Systems (AXTA) Set to Announce Earnings on Wednesday

Axalta Coating Systems (NYSE:AXTA - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.06. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.35 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts expect Axalta Coating Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Axalta Coating Systems Trading Up 0.6 %

Axalta Coating Systems stock traded up $0.21 during midday trading on Wednesday, hitting $35.26. 1,655,668 shares of the stock were exchanged, compared to its average volume of 2,017,569. The company has a current ratio of 2.26, a quick ratio of 1.70 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 0.87 and a beta of 1.44. The stock's 50-day simple moving average is $35.69 and its 200 day simple moving average is $34.87. Axalta Coating Systems has a fifty-two week low of $25.03 and a fifty-two week high of $37.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AXTA shares. Robert W. Baird raised their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. UBS Group decreased their target price on shares of 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. KeyCorp lifted their price target on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Barclays upped their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of "Moderate Buy" and an average price target of $41.00.

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.