Wall Street brokerages expect that Axalta Coating Systems Ltd (NYSE:AXTA) will announce $1.18 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Axalta Coating Systems’ earnings, with the highest sales estimate coming in at $1.20 billion and the lowest estimate coming in at $1.16 billion. Axalta Coating Systems posted sales of $1.17 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The company is expected to report its next earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Axalta Coating Systems will report full-year sales of $4.72 billion for the current year, with estimates ranging from $4.69 billion to $4.73 billion. For the next year, analysts forecast that the company will post sales of $4.83 billion, with estimates ranging from $4.75 billion to $5.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Axalta Coating Systems.
Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, October 25th. The specialty chemicals company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Axalta Coating Systems had a return on equity of 22.53% and a net margin of 1.49%.
Shares of AXTA opened at $25.03 on Monday. Axalta Coating Systems has a 1 year low of $23.65 and a 1 year high of $38.20. The company has a quick ratio of 1.63, a current ratio of 2.23 and a debt-to-equity ratio of 2.86. The stock has a market cap of $5.98 billion, a PE ratio of 21.03, a P/E/G ratio of 1.36 and a beta of 1.37.
In related news, EVP Steven R. Markevich sold 16,197 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.17, for a total transaction of $472,466.49. Following the completion of the transaction, the executive vice president now directly owns 161,697 shares in the company, valued at $4,716,701.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles W. Shaver sold 250,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $29.73, for a total value of $7,432,500.00. Following the transaction, the director now owns 690,828 shares of the company’s stock, valued at $20,538,316.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,697 shares of company stock valued at $8,302,811. 2.10% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Axalta Coating Systems by 31.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 25,598 shares of the specialty chemicals company’s stock worth $776,000 after purchasing an additional 6,154 shares in the last quarter. First Quadrant L P CA purchased a new stake in Axalta Coating Systems during the 2nd quarter valued at about $124,000. Aperio Group LLC boosted its holdings in Axalta Coating Systems by 11.2% during the 2nd quarter. Aperio Group LLC now owns 42,969 shares of the specialty chemicals company’s stock valued at $1,302,000 after acquiring an additional 4,331 shares during the period. Wells Fargo & Company MN boosted its holdings in Axalta Coating Systems by 7.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,788,186 shares of the specialty chemicals company’s stock valued at $54,199,000 after acquiring an additional 131,381 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Axalta Coating Systems by 3.0% during the 2nd quarter. First Trust Advisors LP now owns 62,701 shares of the specialty chemicals company’s stock valued at $1,900,000 after acquiring an additional 1,834 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.
Axalta Coating Systems Company Profile
Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles.
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