Revenue Update on Axalta Coating Systems Ltd(NYSE:AXTA)

Axalta Coating Systems Ltd(NYSE:AXTA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $1.07B. Analysts estimated a revenue of $1.06B. Earnings per share were $0.34. Analysts had estimated an EPS of $0.35.

In a different note, On Jun 27, 2016, Credit Suisse said it Reinstates its rating on Axalta Coating Systems Ltd. The shares have been rated ‘Outperform’ by the firm.

Axalta Coating Systems Ltd (AXTA) made into the market gainers list on Fridays trading session with the shares advancing 0.88% or 0.25 points. Due to strong positive momentum, the stock ended at $28.55, which is also near the day’s high of $28.77. The stock began the session at $28.38 and the volume stood at 56,13,095 shares. The 52-week high of the shares is $33.19 and the 52 week low is $20.67. The company has a current market capitalization of $6,827 M and it has 23,91,30,300 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Sean M. Lannon (VP Corp Fin & Controller, PAO) sold 439 shares at $27.94 per share price.Also, On May 16, 2016, Michael F. Finn (SVP & General Counsel) sold 1,315 shares at $27.95 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.

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