Equities analysts forecast that Axalta Coating Systems Ltd (NASDAQ:AXTA) will announce $1.11 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Axalta Coating Systems’ earnings. The highest sales estimate is $1.15 billion and the lowest is $1.10 billion. Axalta Coating Systems posted sales of $1.07 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 25th.

According to Zacks, analysts expect that Axalta Coating Systems will report full-year sales of $1.11 billion for the current fiscal year, with estimates ranging from $4.17 billion to $4.46 billion. For the next financial year, analysts anticipate that the company will post sales of $4.52 billion per share, with estimates ranging from $4.36 billion to $4.72 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Axalta Coating Systems.

Axalta Coating Systems (NASDAQ:AXTA) last issued its earnings results on Wednesday, April 26th. The specialty chemicals company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $994.43 million. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

AXTA has been the topic of a number of recent research reports. Nomura lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Friday, April 21st. Citigroup Inc. reissued a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of Axalta Coating Systems in a research note on Friday, April 14th. Instinet downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Friday, April 21st. Zacks Investment Research raised shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, April 11th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Axalta Coating Systems in a research note on Wednesday, April 26th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Axalta Coating Systems has an average rating of “Hold” and an average price target of $33.73.

Axalta Coating Systems (NASDAQ AXTA) traded up 1.02% during mid-day trading on Thursday, hitting $33.76. 1,645,754 shares of the company were exchanged. The company has a market capitalization of $8.17 billion and a P/E ratio of 111.79. Axalta Coating Systems has a 12-month low of $24.27 and a 12-month high of $33.77. The company’s 50-day moving average is $31.99 and its 200 day moving average is $30.02.

In other Axalta Coating Systems news, CEO Charles W. Shaver sold 179,487 shares of Axalta Coating Systems stock in a transaction on Monday, May 15th. The shares were sold at an average price of $31.32, for a total value of $5,621,532.84. Following the completion of the sale, the chief executive officer now directly owns 528,907 shares of the company’s stock, valued at $16,565,367.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Steven R. Markevich sold 30,874 shares of Axalta Coating Systems stock in a transaction on Monday, May 15th. The shares were sold at an average price of $31.39, for a total transaction of $969,134.86. Following the completion of the sale, the executive vice president now directly owns 202,293 shares of the company’s stock, valued at $6,349,977.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 435,489 shares of company stock valued at $13,728,870.

A number of large investors have recently bought and sold shares of AXTA. Mn Services Vermogensbeheer B.V. increased its stake in Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock valued at $174,000 after buying an additional 294 shares during the period. Daiwa Securities Group Inc. increased its stake in Axalta Coating Systems by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the specialty chemicals company’s stock valued at $203,000 after buying an additional 900 shares during the period. Prudential Financial Inc. bought a new stake in Axalta Coating Systems during the first quarter valued at $210,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Axalta Coating Systems by 46.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,900 shares of the specialty chemicals company’s stock valued at $222,000 after buying an additional 2,200 shares during the period. Finally, S&CO Inc. bought a new stake in Axalta Coating Systems during the first quarter valued at $232,000.

COPYRIGHT VIOLATION NOTICE: “Axalta Coating Systems Ltd (AXTA) Expected to Announce Quarterly Sales of $1.11 Billion” was published by Financial Market News and is the property of of Financial Market News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.financial-market-news.com/2017/06/18/axalta-coating-systems-ltd-axta-expected-to-announce-quarterly-sales-of-1-11-billion.html.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Get a free copy of the Zacks research report on Axalta Coating Systems (AXTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Axalta Coating Systems Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems Ltd and related companies with MarketBeat.com's FREE daily email newsletter.