ATS (TSE:ATS) Posts Earnings Results

ATS (TSE:ATS) issued its earnings results on Thursday. The company reported C$0.35 EPS for the quarter, FiscalAI reports. The company had revenue of C$698.30 million during the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

ATS Price Performance

Shares of TSE ATS opened at C$29.52 on Friday. The firm has a market cap of C$2.86 billion, a price-to-earnings ratio of 61.50 and a beta of 1.20. The stock’s fifty day moving average price is C$38.51 and its two-hundred day moving average price is C$41.20. ATS has a one year low of C$28.00 and a one year high of C$49.48.

Insider Activity at ATS

In other ATS news, insider Jeff Adamson purchased 953 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, with a total value of C$37,281.36. Following the completion of the transaction, the insider owned 6,199 shares in the company, valued at C$242,504.88. The trade was a 18.17% increase in their ownership of the stock. Also, insider Giuseppe (Joe) Tassone sold 4,842 shares of ATS stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$41.55, for a total transaction of C$201,185.10. Following the completion of the sale, the insider owned 7,026 shares of the company’s stock, valued at C$291,930.30. This trade represents a 40.80% decrease in their position. In the last ninety days, insiders have acquired 7,311 shares of company stock valued at $358,222. 0.97% of the stock is currently owned by insiders.

ATS News Roundup

Here are the key news stories impacting ATS this week:

• Positive Sentiment: Desjardins maintained a buy rating while lowering its target to C$46 from C$52, implying approximately 56.5% upside from C$29.39. BayStreet.CA analyst ratings
• Positive Sentiment: Stifel Nicolaus also kept a buy rating and set a C$44 target, representing roughly 49.7% potential upside. BayStreet.CA analyst ratings
• Positive Sentiment: Raymond James retained an outperform rating with a C$33 target, while National Bank Financial maintained outperform and set a C$42 target. These targets imply more limited and substantial upside, respectively. BayStreet.CA analyst ratings
• Neutral Sentiment: ATS reported quarterly revenue of C$698.3 million and earnings of C$0.35 per share. Its 2.41% net margin and 4.08% return on equity indicate profitability remains relatively modest. ATS quarterly earnings
• Negative Sentiment: The broad target reductions—from prior targets as high as C$57—signal that analysts have tempered their earnings or valuation assumptions. The stock also remains well below its 50-day and 200-day moving averages and near its 1-year low, highlighting continued investor concerns despite the bullish ratings.

Wall Street Analysts Forecast Growth

ATS has been the subject of several research reports. TD raised their price target on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, May 29th. National Bank Financial decreased their price objective on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a report on Friday. Royal Bank Of Canada dropped their price objective on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Stifel Nicolaus reduced their target price on shares of ATS from C$52.00 to C$44.00 and set a “buy” rating for the company in a report on Friday. Finally, Desjardins decreased their price target on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$45.38.

ATS Company Profile

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.