ATS (ATS) Scheduled to Post Quarterly Earnings on Wednesday

ATS (TSE:ATS) will release its earnings data before the market opens on Wednesday, November 6th. Analysts expect ATS to post earnings of C$0.32 per share for the quarter.

ATS (TSE:ATS) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). ATS had a net margin of 6.10% and a return on equity of 11.30%. The business had revenue of C$694.30 million during the quarter, compared to analysts’ expectations of C$689.19 million.

ATS Trading Down 0.3 %

ATS stock traded down C$0.11 during midday trading on Wednesday, hitting C$41.40. 3,510 shares of the company’s stock were exchanged, compared to its average volume of 238,686. The firm has a 50 day moving average price of C$38.81 and a 200-day moving average price of C$41.59. ATS has a 12-month low of C$33.47 and a 12-month high of C$60.01. The stock has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 22.63 and a beta of 1.36.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATS. Royal Bank of Canada dropped their price target on shares of ATS from C$55.00 to C$54.00 in a research note on Monday, October 7th. Cormark dropped their target price on shares of ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Raymond James reduced their price target on shares of ATS from C$58.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus lowered their price objective on ATS from C$60.00 to C$58.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$57.43.

ATS Company Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.