ATS (NYSE:ATS) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

ATS (NYSE:ATS) released its quarterly earnings data on Thursday. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06), Zacks reports. ATS had a return on equity of 9.67% and a net margin of 0.77%.

ATS Stock Performance

Shares of ATS opened at $35.41 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.65. ATS has a twelve month low of $23.84 and a twelve month high of $35.82. The firm’s 50 day moving average price is $31.72 and its two-hundred day moving average price is $29.73. The firm has a market cap of $3.47 billion, a P/E ratio of 236.06 and a beta of 1.26.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC acquired a new stake in shares of ATS in the fourth quarter valued at approximately $29,000. Quarry LP acquired a new stake in shares of ATS in the third quarter valued at approximately $32,000. Raymond James Financial Inc. acquired a new stake in shares of ATS in the second quarter valued at approximately $43,000. Barclays PLC raised its holdings in shares of ATS by 16.8% in the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after purchasing an additional 756 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of ATS in the second quarter valued at approximately $237,000. Institutional investors own 75.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ATS shares. Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a research note on Monday, April 20th. Zacks Research lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ATS currently has a consensus rating of “Hold” and an average target price of $35.00.

About ATS

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.