Scotiabank Has Bullish Estimate for ATS FY2027 Earnings

ATS Corporation (NYSE:ATS) – Equities researchers at Scotiabank lifted their FY2027 EPS estimates for ATS in a note issued to investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $1.07 for the year, up from their previous estimate of $1.00. The consensus estimate for ATS’s current full-year earnings is $1.04 per share.

ATS (NYSE:ATS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $488.38 million during the quarter, compared to the consensus estimate of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share.

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research raised shares of ATS from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. TD Securities cut shares of ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Weiss Ratings downgraded ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.50.

ATS Trading Up 0.2%

Shares of ATS stock opened at $18.99 on Tuesday. ATS has a 12 month low of $17.15 and a 12 month high of $35.82. The company has a market cap of $1.84 billion, a PE ratio of 16.05 and a beta of 1.18. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $18.89 and its two-hundred day moving average is $26.86.

Institutional Investors Weigh In On ATS

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of ATS by 1.5% during the 1st quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock worth $218,884,000 after purchasing an additional 117,291 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in ATS by 4.1% during the first quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock worth $202,081,000 after buying an additional 279,327 shares during the last quarter. Jupiter Topco LLC acquired a new stake in ATS during the 2nd quarter valued at $66,908,000. Janus Henderson Group PLC raised its holdings in shares of ATS by 166.5% in the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after buying an additional 1,435,375 shares during the last quarter. Finally, Hill City Capital LP bought a new position in ATS in the 2nd quarter worth approximately $47,483,000. Institutional investors own 75.84% of the company’s stock.

About ATS

ATS Corporation is a Canadian automation solutions provider headquartered in Cambridge, Ontario. The company designs, builds and services automated manufacturing systems, production equipment and related technologies for manufacturers in a range of industries.

Its offerings include custom automation systems, assembly and test equipment, material-handling solutions, packaging systems, precision components and aftermarket services. ATS also provides automation software, controls, engineering, technical support and lifecycle services intended to improve production efficiency, quality and flexibility.

The company serves customers in sectors including life sciences, transportation, energy, consumer products and industrial manufacturing.