Axalta Coating Systems (NYSE:AXTA – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. 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.
Axalta Coating Systems Price Performance
Shares of NYSE AXTA traded up $0.37 during midday trading on Friday, reaching $35.20. The stock had a trading volume of 3,991,263 shares, compared to its average volume of 2,581,191. The stock has a 50-day moving average of $32.78 and a 200-day moving average of $31.82. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.46 and a current ratio of 2.07. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51. Axalta Coating Systems has a 12-month low of $25.03 and a 12-month high of $35.31.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. As a group, research analysts anticipate that Axalta Coating Systems will post 1.98 EPS for the current fiscal year.
Analysts Set New Price Targets
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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.
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