ATS (ATS) Scheduled to Post Earnings on Thursday

ATS (TSE:ATS) will be issuing its quarterly earnings data before the market opens on Thursday, May 16th. Analysts expect the company to announce earnings of C$0.55 per share for the quarter.

ATS (TSE:ATS) last issued its earnings results on Wednesday, February 7th. The company reported C$0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.63 by C$0.02. ATS had a net margin of 5.88% and a return on equity of 12.98%. The firm had revenue of C$752.05 million during the quarter, compared to analysts’ expectations of C$727.00 million.

ATS Price Performance

Shares of ATS stock opened at C$45.87 on Thursday. The firm has a fifty day moving average price of C$46.60 and a 200 day moving average price of C$51.41. ATS has a 1 year low of C$41.12 and a 1 year high of C$64.80. The stock has a market cap of C$4.50 billion, a PE ratio of 27.97 and a beta of 1.50.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ATS shares. Raymond James boosted their target price on shares of ATS from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. National Bankshares cut their target price on shares of ATS from C$69.00 to C$65.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Cormark cut their target price on shares of ATS from C$68.00 to C$67.00 in a research note on Thursday, February 8th. TD Securities dropped their price objective on shares of ATS from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a C$68.00 price objective (down from C$73.00) on shares of ATS in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$65.43.

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.