Axalta Coating Systems (NYSE:AXTA) Updates FY25 Earnings Guidance

Axalta Coating Systems (NYSE:AXTA) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.50-2.60 for the period, compared to the consensus EPS estimate of $2.35. The company issued revenue guidance of $5.35-5.4 billion, compared to the consensus revenue estimate of $5.36 billion. Axalta Coating Systems also updated its FY 2025 guidance to 2.500-2.600 EPS.

Axalta Coating Systems Stock Up 0.6 %

NYSE:AXTA traded up $0.23 during trading hours on Thursday, hitting $38.03. The stock had a trading volume of 765,046 shares, compared to its average volume of 1,818,767. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems has a 1-year low of $30.40 and a 1-year high of $41.65. The business has a 50 day simple moving average of $36.46 and a two-hundred day simple moving average of $36.40. The company has a market cap of $8.29 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 0.74 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Analysts predict that Axalta Coating Systems will post 2.15 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AXTA. Evercore ISI began coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target for the company. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets lifted their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays lifted their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

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.