ATS (ATS) to Release Earnings on Wednesday

ATS (NYSE:ATS) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

ATS (NYSE:ATS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). ATS had a return on equity of 14.63% and a net margin of 6.11%. The firm had revenue of $507.43 million for the quarter, compared to the consensus estimate of $502.41 million. On average, analysts expect ATS to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ATS Stock Up 1.3 %

Shares of NYSE ATS traded up $0.40 during midday trading on Tuesday, reaching $30.47. 17,642 shares of the company’s stock traded hands, compared to its average volume of 107,295. The stock’s 50 day simple moving average is $28.74 and its 200-day simple moving average is $30.40. ATS has a one year low of $24.82 and a one year high of $44.70. The company has a quick ratio of 1.51, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 22.27 and a beta of 1.05.

Analyst Ratings Changes

ATS has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. The Goldman Sachs Group cut their price objective on shares of ATS from $34.00 to $30.00 and set a “sell” rating for the company in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.00.

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.