Axalta Projects 65 Cents Adjusted EPS for Q2
AXTA is trading near its 52-week low of $24.937 (13% above the low).
Summary
Axalta Coating Systems has provided guidance for its second quarter, projecting adjusted earnings per share of 65 cents. This forward-looking statement offers new insight into the company's expected profitability, which was not detailed in recent SEC filings or news, including the 10-K that focused on the pending merger with AkzoNobel. This guidance is a material data point for investors and analysts, setting expectations for the upcoming quarter. Traders will now compare this projection against consensus estimates and monitor the actual Q2 results for any deviations.
At the time of this announcement, AXTA was trading at $28.21 on NYSE in the Manufacturing sector, with a market capitalization of approximately $6B. The 52-week trading range was $24.94 to $35.72. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.