Axalta Coating Systems (NYSE:AXTA – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.15 for the period, compared to the consensus earnings per share estimate of $2.06. The company issued revenue guidance of $5.275 billion, compared to the consensus revenue estimate of $5.29 billion. Axalta Coating Systems also updated its FY 2024 guidance to 2.150-2.150 EPS.
Axalta Coating Systems Price Performance
NYSE AXTA traded up $2.90 during trading on Wednesday, reaching $38.31. The company’s stock had a trading volume of 1,637,904 shares, compared to its average volume of 2,015,531. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.70. The firm has a fifty day moving average of $35.80 and a 200 day moving average of $34.97. The stock has a market capitalization of $8.45 billion, a PE ratio of 34.06, a P/E/G ratio of 0.87 and a beta of 1.44. Axalta Coating Systems has a one year low of $25.92 and a one year high of $38.77.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. Analysts expect that Axalta Coating Systems will post 2.06 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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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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