Latest news with #Axalta
Fox Sports
3 days ago
- Automotive
- Fox Sports
Power Rankings: Detroit Victory Helps Kirkwood Climb
INDYCAR Kyle Kirkwood climbed in Power Rankings following his second victory of the season at the Sunday's Chevrolet Detroit Grand Prix presented by Lear. The win, coupled with his earlier triumph at the Acura Grand Prix of Long Beach, underscores Kirkwood's rising prominence in the NTT INDYCAR SERIES. Kirkwood is the only driver besides points leader Alex Palou to win a race this season. Palou – who won five of the first six races of the season – finally fell to Earth in Detroit by placing 25th after an accident. But one crash doesn't drop the driver with six top-two finishes in seven races. Here are the rest of Power Rankings entering the Bommarito Automotive Group 500 presented by Axalta and Valvoline on Sunday evening, June 15 at World Wide Technology Raceway (8 p.m. ET, FOX, FOX Sports app, INDYCAR Radio Network). ↓10. Scott Dixon (No. 9 PNC Bank Chip Ganassi Racing Honda; Last Rank: 8) Dixon remains a fixture in the Power Rankings, holding steady at 10th. Despite a challenging stretch with three finishes of 11th or worse in the last four races, Dixon's presence in the top 10 of the standings – he's seventh – has kept him in the rankings. He kicked off the season with a strong runner-up finish in St. Petersburg and finished fifth in the Sonsio Grand Prix on May 10. ↓9. Scott McLaughlin (No. 3 Chevrolet; Last Rank: 7) McLaughlin spun Nolan Siegel early in Detroit, sparking an avoidable contact penalty that dropped him from the lead on the primary strategy to outside the top 10. Despite the setback, he recovered to finish 12th. This is two straight finishes outside the top 10, following a 30th-place finish in the '500' on May 25. Before the downturn, McLaughlin was on a strong run, finishing sixth or better in four of the first five races. ↑8. David Malukas (No. 4 Clarience Technologies Chevrolet; Last Rank: 10) Malukas finished 14th in Detroit, but that result doesn't reflect the full story. He was in the mix for a second consecutive top-five finish before a Lap 73 incident with Alex Palou, which led to an avoidable contact penalty that derailed his race. Malukas qualified second in Detroit, building off an impressive second-place finish in the Indy 500 just a week earlier. ↑7. Santino Ferrucci (No. 14 Sexton Properties/AJ Foyt Racing; Last Rank: NR) Ferrucci earned his best-career finish by crossing the finish line second in Detroit. That comes a week after finishing fifth in the '500.' ↑6. Colton Herta (No. 26 Gainbridge Honda; Last Rank: 9) Herta earned his first NTT P1 Award of the season in Detroit and third front-row start this season. Unfortunately, he didn't convert the pole to a win, but he still finished third. That's enough to boost him up the Power Rankings, earning his fourth top-seven finish in the last six races. The outliers are an underwhelming Month of May at Indianapolis Motor Speedway. In the Sonsio Grand Prix, Herta qualified 13th but finished 25th after a challenging race. In the '500,' he started 27th and managed to finish 14th. ↓5. Christian Lundgaard (No. 7 Arrow McLaren Chevrolet; Last Rank: 3) Lundgaard earned his best-career '500' finish with a seventh-place last Sunday and crossed the finish line eighth in Detroit. He has six top-10 finishes in seven races this season. ↔4. Will Power (No. 12 Verizon Team Penske Chevrolet; Last Rank: 4) Power rebounded in Detroit to finish fourth, scoring his fifth top-six finish in the last six races. The outlier was the Indianapolis 500, where he started 33rd and finished 16th. Power has crossed the finish line ahead of his Team Penske teammates in five of the last six races, too. ↓3. Pato O'Ward (No. 5 Arrow McLaren Chevrolet; Last Rank: 2) O'Ward drops to third but limited the damage at Detroit by climbing from 18th to finish seventh. That's his best street course result this season after finishing 11th in St. Petersburg and 13th at Long Beach. Up next is an oval at World Wide Technology Raceway. O'Ward has three runner-up finishes there and five top-seven finishes in seven starts this season. ↑2. Kyle Kirkwood (No. 27 Siemens AWS Honda; Last Rank: 5) Kirkwood won from the third starting spot in Detroit after leading 48 of 100 laps. He has three top-five finishes this season, including two victories. He is third in points with five top-10 results, too. ↔1. Alex Palou (No. 10 DHL Chip Ganassi Racing Honda; Last Rank: 1) Palou finished 25th in Detroit, but five wins in seven races leave him on top under further notice. He still leads the standings by 90 points over O'Ward, a gap of nearly two races. recommended
Yahoo
5 days ago
- Business
- Yahoo
Is Now The Time To Put Axalta Coating Systems (NYSE:AXTA) On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. In contrast to all that, many investors prefer to focus on companies like Axalta Coating Systems (NYSE:AXTA), which has not only revenues, but also profits. While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. That makes EPS growth an attractive quality for any company. Shareholders will be happy to know that Axalta Coating Systems' EPS has grown 17% each year, compound, over three years. If the company can sustain that sort of growth, we'd expect shareholders to come away satisfied. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. This approach makes Axalta Coating Systems look pretty good, on balance; although revenue is flattish, EBIT margins improved from 13% to 15% in the last year. That's something to smile about. The chart below shows how the company's bottom and top lines have progressed over time. For finer detail, click on the image. See our latest analysis for Axalta Coating Systems In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Axalta Coating Systems' forecast profits? Owing to the size of Axalta Coating Systems, we wouldn't expect insiders to hold a significant proportion of the company. But thanks to their investment in the company, it's pleasing to see that there are still incentives to align their actions with the shareholders. As a matter of fact, their holding is valued at US$25m. That shows significant buy-in, and may indicate conviction in the business strategy. Despite being just 0.4% of the company, the value of that investment is enough to show insiders have plenty riding on the venture. For growth investors, Axalta Coating Systems' raw rate of earnings growth is a beacon in the night. With EPS growth rates like that, it's hardly surprising to see company higher-ups place confidence in the company through continuing to hold a significant investment. The growth and insider confidence is looked upon well and so it's worthwhile to investigate further with a view to discern the stock's true value. Even so, be aware that Axalta Coating Systems is showing 1 warning sign in our investment analysis , you should know about... Although Axalta Coating Systems certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of companies that not only boast of strong growth but have strong insider backing. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
