Scotiabank Research Analysts Cut Earnings Estimates for ATS

ATS Corporation (NYSE:ATS) – Scotiabank dropped their FY2027 earnings per share estimates for ATS in a note issued to investors on Wednesday, July 29th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $1.34 for the year, down from their prior estimate of $1.43. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for ATS’s current full-year earnings is $1.36 per share.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $535.09 million during the quarter, compared to analyst estimates of $529.43 million. ATS had a net margin of 2.40% and a return on equity of 9.40%.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research lowered ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Desjardins assumed coverage on ATS in a research note on Tuesday, June 16th. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada decreased their price objective on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.50.

ATS Stock Down 1.6%

Shares of ATS stock opened at $26.53 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.64. ATS has a 52-week low of $23.84 and a 52-week high of $35.82. The firm has a market cap of $2.60 billion, a PE ratio of 51.02 and a beta of 1.21. The business’s 50 day simple moving average is $28.42 and its 200 day simple moving average is $30.01.

Institutional Trading of ATS

A number of institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC acquired a new position in ATS in the fourth quarter valued at about $29,000. State of Wyoming bought a new stake in shares of ATS during the 1st quarter worth $34,000. Quarry LP acquired a new position in ATS during the third quarter worth about $32,000. Raymond James Financial Inc. bought a new position in shares of ATS in the second quarter worth about $43,000. Finally, Barclays PLC increased its position in ATS by 16.8% during the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after purchasing an additional 756 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

ATS Company Profile

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.