What is Scotiabank's Forecast for ATS FY2027 Earnings?

Key Points

• Scotiabank raised its FY2027 EPS forecast for ATS to $1.07 from $1.00, above the analyst consensus estimate of $1.04.
• Analyst sentiment remains mixed, with ATS carrying a consensus “Hold” rating and an average price target of $42.50.
• ATS recently missed quarterly expectations, reporting $0.25 in EPS versus $0.28 expected and revenue of $488.38 million, down 5.8% year over year.

ATS Corporation (NYSE:ATS - Free Report) - Equities researchers at Scotiabank increased their FY2027 EPS estimates for ATS in a report issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will earn $1.07 per share for the year, up from their prior estimate of $1.00. The consensus estimate for ATS's current full-year earnings is $1.04 per share.

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

ATS Stock Up 0.2%

ATS stock opened at $18.99 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.33. The firm has a market capitalization of $1.84 billion, a P/E ratio of 16.05 and a beta of 1.18. ATS has a 52-week low of $17.15 and a 52-week high of $35.82. The company's 50 day simple moving average is $18.89 and its 200-day simple moving average is $26.86.

ATS (NYSE:ATS - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $488.38 million during the quarter, compared to analyst estimates of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share.

Institutional Trading of ATS

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in ATS by 1.5% in the 1st quarter. Royal Bank of Canada now owns 7,761,838 shares of the company's stock valued at $218,884,000 after buying an additional 117,291 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of ATS by 4.1% in the first quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company's stock worth $202,081,000 after acquiring an additional 279,327 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of ATS during the second quarter worth $66,908,000. Janus Henderson Group PLC raised its holdings in shares of ATS by 166.5% during the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company's stock worth $64,544,000 after acquiring an additional 1,435,375 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in ATS by 3.0% during the second quarter. TD Waterhouse Canada Inc. now owns 1,683,683 shares of the company's stock valued at $47,431,000 after purchasing an additional 49,234 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Company Profile

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.

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