ATS (TSE:ATS - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.32 per share for the quarter.
ATS (TSE:ATS - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.53 by C($0.03). The firm had revenue of C$694.30 million during the quarter, compared to the consensus estimate of C$689.19 million. ATS had a return on equity of 11.30% and a net margin of 6.10%.
ATS Price Performance
ATS stock traded up C$1.31 during trading hours on Wednesday, reaching C$42.82. The stock had a trading volume of 717,462 shares, compared to its average volume of 242,085. The stock has a market cap of C$4.16 billion, a PE ratio of 22.96 and a beta of 1.36. The company has a fifty day simple moving average of C$38.81 and a 200-day simple moving average of C$41.59. ATS has a 52 week low of C$33.47 and a 52 week high of C$60.01.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Stifel Nicolaus dropped 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. Raymond James dropped their price target on ATS from C$58.00 to C$52.00 and set an "outperform" rating for the company in a research note on Tuesday. Royal Bank of Canada reduced their price objective on shares of ATS from C$55.00 to C$54.00 in a research report on Monday, October 7th. Finally, 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$57.43.
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ATS Company Profile
(
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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.
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