Axiall Corp (AXLL) Releases Earnings Results, Beats Expectations By $0.46 EPS

Axiall Corp (AXLL) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.46. Analysts had a consensus of $-0.29. The company posted revenue of $699.20 million in the period, compared to analysts expectations of $753.01 million. The company’s revenue was down -10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on Axiall Corp. Axiall Corp was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Apr 4, 2016. Company shares were Upgraded by Cowen on Mar 10, 2016 to ” Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $17 .Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 20 from a previous price target of $11 .

Axiall Corp opened for trading at $24.26 and hit $24.8 on the upside on Wednesday, eventually ending the session at $24.02, with a gain of 1.52% or 0.36 points. The heightened volatility saw the trading volume jump to 19,12,534 shares. Company has a market cap of $1,696 M.

In a different news, on Mar 6, 2015, George Biltz (Chief Strategy Officer) sold 7,388 shares at $46.47 per share price.

Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls building products and aromatics. The Company’s chlorovinyls segment produces a chain of products including chlor-alkali and derivative products such as chlorine caustic soda vinyl chloride monomer (VCM) vinyl resins ethylene dichloride (or 1 2 dichloroethane) (EDC) chlorinated solvents calcium hypochlorite hydrochloric acid (HCL) and phosgene derivatives and compound products such as vinyl compounds and compound additives and plasticizers. The Company’s building products segment consists of two primary product groups: window and door profiles and trim moldings and deck products and outdoor building products which includes siding and exterior accessories pipe and pipe fittings. The Company’s aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).

Axiall Corp

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