Axalta Coating Systems (NYSE:AXTA – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.90-$2.00 for the period, compared to the consensus estimate of $1.90. Axalta Coating Systems also updated its FY 2024 guidance to 1.900-2.000 EPS.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on AXTA. Mizuho cut their target price on shares of Axalta Coating Systems from $40.00 to $38.00 and set a buy rating on the stock in a report on Thursday. BMO Capital Markets lifted their target price on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an outperform rating in a report on Thursday. Wolfe Research began coverage on shares of Axalta Coating Systems in a report on Friday, March 1st. They issued a peer perform rating on the stock. Citigroup lifted their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a buy rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an overweight rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $38.00.
View Our Latest Stock Report on AXTA
Axalta Coating Systems Price Performance
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last issued its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.40 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. On average, sell-side analysts expect that Axalta Coating Systems will post 1.98 earnings per share for the current fiscal year.
Axalta Coating Systems Company Profile
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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