FY2017 EPS Estimates for Axalta Coating Systems Ltd (AXTA) Decreased by Gabelli

Axalta Coating Systems Ltd (NASDAQ:AXTA) – Equities researchers at Gabelli cut their FY2017 EPS estimates for shares of Axalta Coating Systems in a research note issued to investors on Thursday. Gabelli analyst C. Jolly now forecasts that the firm will post earnings of $1.45 per share for the year, down from their prior forecast of $1.50. Gabelli currently has a “Hold” rating on the stock. Gabelli also issued estimates for Axalta Coating Systems’ FY2018 earnings at $1.60 EPS, FY2019 earnings at $1.75 EPS and FY2020 earnings at $1.85 EPS.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings data on Wednesday, February 8th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 earnings per share.

This piece of content was first reported by sleekmoney and is the property of of sleekmoney. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The correct version of this piece of content can be read at http://sleekmoney.com/fy2017-eps-estimates-for-axalta-coating-systems-ltd-axta-decreased-by-gabelli/1660406.html.

Earnings History and Estimates for Axalta Coating Systems (NASDAQ:AXTA)

A number of other analysts have also recently weighed in on AXTA. Royal Bank Of Canada lowered their target price on shares of Axalta Coating Systems from $31.00 to $3.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Zacks Investment Research raised shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, January 17th. Barclays PLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of Axalta Coating Systems in a research note on Thursday, February 9th. RBC Capital Markets decreased their price objective on shares of Axalta Coating Systems from $31.00 to $3.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Finally, Instinet upped their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.86.

Axalta Coating Systems (NASDAQ:AXTA) traded down 0.07% during mid-day trading on Monday, reaching $29.63. The company’s stock had a trading volume of 570,816 shares. The firm has a market capitalization of $7.13 billion and a PE ratio of 174.29. The stock’s 50-day moving average is $28.53 and its 200-day moving average is $27.43. Axalta Coating Systems has a 12 month low of $22.99 and a 12 month high of $30.45.

A number of institutional investors have recently made changes to their positions in the stock. Davis Selected Advisers raised its position in shares of Axalta Coating Systems by 34,145.2% in the fourth quarter. Davis Selected Advisers now owns 3,903,956 shares of the company’s stock valued at $106,188,000 after buying an additional 3,892,556 shares in the last quarter. Roystone Capital Management LP acquired a new position in shares of Axalta Coating Systems during the fourth quarter valued at $67,306,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Axalta Coating Systems by 53.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,898,523 shares of the company’s stock valued at $160,440,000 after buying an additional 2,050,143 shares in the last quarter. Brave Warrior Advisors LLC raised its position in shares of Axalta Coating Systems by 47.8% in the fourth quarter. Brave Warrior Advisors LLC now owns 4,443,376 shares of the company’s stock valued at $120,860,000 after buying an additional 1,437,954 shares in the last quarter. Finally, Advisory Research Inc. raised its position in shares of Axalta Coating Systems by 12.8% in the fourth quarter. Advisory Research Inc. now owns 931,562 shares of the company’s stock valued at $25,339,000 after buying an additional 105,745 shares in the last quarter.

This piece of content was first reported by sleekmoney and is the property of of sleekmoney. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The correct version of this piece of content can be read at http://sleekmoney.com/fy2017-eps-estimates-for-axalta-coating-systems-ltd-axta-decreased-by-gabelli/1660406.html.

In related news, SVP Michael F. Finn sold 4,000 shares of the stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $27.00, for a total value of $108,000.00. Following the transaction, the senior vice president now directly owns 102,384 shares in the company, valued at $2,764,368. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven R. Markevich sold 1,691 shares of the stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $29.49, for a total transaction of $49,867.59. Following the completion of the transaction, the executive vice president now owns 189,918 shares in the company, valued at $5,600,681.82. The disclosure for this sale can be found here. Insiders have sold 106,330 shares of company stock worth $2,982,544 over the last quarter.

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. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.

5 Day Chart for NASDAQ:AXTA

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/fy2017-eps-estimates-for-axalta-coating-systems-ltd-axta-decreased-by-gabelli/1660406.html

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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *