ATS (TSE:ATS) Releases Quarterly Earnings Results

ATS (TSE:ATS) released its quarterly earnings results on Wednesday. The company reported C($0.05) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$665.77 million for the quarter. ATS had a return on equity of 0.48% and a net margin of 0.30%.

ATS Price Performance

Shares of TSE:ATS opened at C$24.31 on Friday. The company has a market cap of C$2.39 billion, a price-to-earnings ratio of 50.65 and a beta of 0.96. The firm has a fifty day moving average price of C$26.25 and a two-hundred day moving average price of C$36.56. ATS has a one year low of C$23.84 and a one year high of C$49.48.

Key ATS News

Here are the key news stories impacting ATS this week:

• Neutral Sentiment: Several analysts reduced their targets but retained Buy or Outperform ratings: Read More. cut its target to C$27, Read More. to C$38.50, Read More. to C$41, Read More. to C$29, Read More. to C$36 and Read More. to C$41. TD lowered its target to C$28 and maintained Hold. The continued positive ratings suggest analysts see potential recovery, but the widespread target reductions reflect reduced expectations.
• Negative Sentiment: ATS reported a quarterly loss of C$0.05 per share and revenue of C$665.77 million; adjusted earnings and revenue declined. The company also scrapped its full-year targets, citing tariff impacts and delayed orders, increasing uncertainty about near-term results. MarketWatch report

Analysts Set New Price Targets

Several equities analysts recently issued reports on ATS shares. Stifel Nicolaus dropped their target price on shares of ATS from C$44.00 to C$41.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank reduced their price objective on shares of ATS from C$29.00 to C$27.00 and set a “sector outperform” rating for the company in a research report on Thursday. Royal Bank Of Canada reduced their price target on shares of ATS from C$41.00 to C$36.00 and set an “outperform” rating for the company in a report on Thursday. TD dropped their price objective on shares of ATS from C$33.00 to C$28.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, National Bank Financial decreased their price target on ATS from C$42.00 to C$41.00 and set an “outperform” rating for the company in a report on Thursday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$36.06.

ATS Company Profile

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.