Equities Analysts Offer Predictions for ATS FY2027 Earnings

Key Points

• Scotiabank cut its FY2027 EPS estimate for ATS to $1.00 from $1.34, below the current consensus estimate of $1.12, while maintaining an “Outperform” rating.
• Analyst sentiment is mixed: ATS has a consensus “Hold” rating from three Buy, three Hold and one Sell ratings, with a consensus price target of $42.50.
• ATS recently missed quarterly expectations, reporting $0.25 EPS versus $0.28 expected and revenue of $488.4 million versus $509.7 million; revenue declined 5.8% year over year. Shares opened at $19.76, near their 12-month low of $19.14.

ATS Corporation (NYSE:ATS - Free Report) - Scotiabank reduced their FY2027 earnings per share (EPS) estimates for ATS in a note issued to investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $1.00 for the year, down from their prior forecast of $1.34. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for ATS's current full-year earnings is $1.12 per share.

Other research analysts also recently issued reports about the company. Weiss Ratings upgraded ATS from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday. TD Securities downgraded shares of ATS from a "buy" rating to a "hold" rating in a report on Monday, August 10th. Desjardins assumed coverage on shares of ATS in a research report on Tuesday, June 16th. They set a "buy" rating for the company. Royal Bank Of Canada cut their target price on shares of ATS from $51.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, May 29th. Finally, Zacks Research downgraded shares of ATS from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ATS presently has a consensus rating of "Hold" and a consensus price target of $42.50.

ATS Stock Up 0.1%

Shares of ATS opened at $19.76 on Monday. The business's 50 day moving average is $25.75 and its 200 day moving average is $29.15. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75. ATS has a 12-month low of $19.14 and a 12-month high of $35.82. The company has a market capitalization of $1.94 billion, a PE ratio of 58.12 and a beta of 1.22.

ATS (NYSE:ATS - Get Free Report) last released 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). ATS had a return on equity of 8.96% and a net margin of 1.60%.The business had revenue of $488.38 million during the quarter, compared to the consensus estimate of $509.71 million. During the same period last year, the company earned $0.41 EPS. The business's revenue was down 5.8% on a year-over-year basis.

Hedge Funds Weigh In On ATS

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amundi increased its holdings in shares of ATS by 5.4% in the 1st quarter. Amundi now owns 30,538 shares of the company's stock worth $770,000 after buying an additional 1,562 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of ATS by 79.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company's stock valued at $10,821,000 after acquiring an additional 191,842 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of ATS by 29.7% in the 1st quarter. Jane Street Group LLC now owns 42,085 shares of the company's stock valued at $1,049,000 after acquiring an additional 9,636 shares during the last quarter. First Trust Advisors LP grew its position in ATS by 2.9% in the second quarter. First Trust Advisors LP now owns 120,088 shares of the company's stock worth $3,830,000 after acquiring an additional 3,382 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in ATS in the second quarter worth about $43,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

ATS Company Profile

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.

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