Cormark Analysts Decrease Earnings Estimates for ATS Automation Tooling Systems Inc. (ATA)
ATS Automation Tooling Systems Inc. (TSE:ATA) – Equities research analysts at Cormark dropped their FY2019 earnings estimates for ATS Automation Tooling Systems in a research report issued on Thursday, November 8th. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $0.88 per share for the year, down from their prior estimate of $0.98. Cormark also issued estimates for ATS Automation Tooling Systems’ Q4 2019 earnings at $0.25 EPS, Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.27 EPS and FY2020 earnings at $1.07 EPS.
Other equities research analysts also recently issued research reports about the stock. National Bank Financial restated an “outperform” rating and issued a C$26.00 price objective on shares of ATS Automation Tooling Systems in a research note on Thursday, September 6th. Royal Bank of Canada raised their price objective on shares of ATS Automation Tooling Systems from C$20.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Friday, August 17th. Finally, TD Securities raised their price objective on shares of ATS Automation Tooling Systems from C$22.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th.
ATS Automation Tooling Systems (TSE:ATA) last announced its quarterly earnings data on Wednesday, August 15th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.21 by C$0.01. The company had revenue of C$299.98 million during the quarter, compared to analyst estimates of C$298.75 million.
ATS Automation Tooling Systems Company Profile
ATS Automation Tooling Systems Inc provides factory automation solutions worldwide. The company is involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. Its products include ATS Supertrak, a modular conveyor system; ATS OmniTrak optimal solution; LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations; Sortimat Clearliner, a tray handler for clean room requirement; Sortimat Workliner tray handling technology; Sortimat Birkman, a feeder technology for sorting, transporting, and separating parts; ATS Cortex system, a vision device that reduces integration time with standardized hardware and software; and ATS SmartVision software, a PC-based vision system.
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