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

ATS Price Performance

ATS traded up C$0.67 during trading on Tuesday, reaching C$42.45. 38,220 shares of the company’s stock were exchanged, compared to its average volume of 241,087. The stock has a market capitalization of C$4.13 billion, a P/E ratio of 23.20 and a beta of 1.36. The company’s fifty day simple moving average is C$39.24 and its 200-day simple moving average is C$41.60. ATS has a 1 year low of C$33.47 and a 1 year high of C$60.01.

Analyst Ratings Changes

A number of research firms recently issued reports on ATS. Stifel Nicolaus dropped their price target on shares of ATS from C$60.00 to C$58.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Raymond James lowered their target price on shares of ATS from C$58.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada lowered their target price on shares of ATS from C$55.00 to C$54.00 in a research note on Monday, October 7th. Finally, Cormark lowered their target price on shares of ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ATS has a consensus rating of “Moderate Buy” and a consensus price target of C$57.43.

About ATS

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.