Axalta Coating Systems Ltd (AXTA) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.34 EPS for the quarter. Analysts had a consensus estimate of $0.34. The company posted revenue of $1072.10 million in the period, compared to analysts expectations of $1065.35 million. The company’s revenue was down -2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Axalta Coating Systems Ltd. Axalta Coating Systems Ltd was Resumed by Credit Suisse to “Outperform” on Jun 27, 2016.
Axalta Coating Systems Ltd opened for trading at $27.72 and hit $28.37 on the upside on Wednesday, eventually ending the session at $28.24, with a gain of 1.84% or 0.51 points. The heightened volatility saw the trading volume jump to 10,94,592 shares. Company has a market cap of $6,743 M.
In a different news, on May 16, 2016, Michael F. Finn (SVP & General Counsel) sold 1,315 shares at $27.95 per share price. According to the SEC, on May 16, 2016, Sean M. Lannon (VP Corp Fin & Controller, PAO) sold 439 shares at $27.94 per share price. On May 16, 2016, Joseph F. Mcdougall (SVP&Chief Human Resources Off.) sold 1,879 shares at $27.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Axalta Coating Systems Ltd. is a manufacturer marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: 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. Through its Transportation Coatings segment the Company provides advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles. Its products are offered in four key end-markets including the refinish automotive aftermarket industrial light vehicle or automotive original equipment manufacturers (OEM) market and commercial vehicle market. The Company’s products include liquid and powder coatings for motor vehicles OEMs the motor vehicle aftermarket and general industrial applications such as coatings for heavy equipment pipes appliances and electrical insulation.