ATS (TSE:ATS) Announces Quarterly Earnings Results

ATS (TSE:ATS) released its quarterly earnings data on Thursday. The company reported C$0.36 EPS for the quarter, FiscalAI reports. The company had revenue of C$744.30 million for the quarter. ATS had a return on equity of 1.09% and a net margin of 0.67%.

ATS Trading Up 2.6%

Shares of TSE ATS opened at C$48.99 on Thursday. The stock has a market capitalization of C$4.75 billion, a PE ratio of 257.84 and a beta of 0.97. The stock’s fifty day simple moving average is C$43.63 and its two-hundred day simple moving average is C$40.92. ATS has a 12-month low of C$33.72 and a 12-month high of C$49.48.

Insider Transactions at ATS

In related news, insider Doug Wright bought 8,300 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of C$41.44 per share, with a total value of C$343,952.00. Following the transaction, the insider owned 16,900 shares of the company’s stock, valued at C$700,336. The trade was a 96.51% increase in their ownership of the stock. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised their price objective on ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$50.20.

About ATS

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.