ATS (TSE:ATS) Announces Earnings Results

by · The Markets Daily

ATS (TSE:ATS – Get Free Report) issued its quarterly earnings results on Thursday. The company reported C$0.35 EPS for the quarter, FiscalAI reports. The firm had revenue of C$698.30 million for the quarter. ATS had a net margin of 2.41% and a return on equity of 4.08%.

ATS Trading Down 27.0%

ATS stock traded down C$10.61 during midday trading on Thursday, reaching C$28.69. 2,527,233 shares of the company’s stock traded hands, compared to its average volume of 277,050. ATS has a 52-week low of C$28.00 and a 52-week high of C$49.48. The stock has a market cap of C$2.78 billion, a P/E ratio of 39.30 and a beta of 1.20. The stock’s 50-day moving average is C$39.03 and its 200 day moving average is C$41.38.

Analysts Set New Price Targets

A number of research firms recently commented on ATS. Royal Bank Of Canada reduced their target price on ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. TD increased their price objective on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Desjardins set a C$52.00 target price on ATS and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Scotiabank boosted their price objective on shares of ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 28th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$50.43.

Check Out Our Latest Report on ATS

Insider Transactions at ATS

In other news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$41.55, for a total value of C$201,185.10. Following the transaction, the insider owned 7,026 shares of the company’s stock, valued at approximately C$291,930.30. The trade was a 40.80% decrease in their ownership of the stock. Also, insider Jeff Adamson bought 953 shares of the stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of C$39.12 per share, with a total value of C$37,281.36. Following the acquisition, the insider directly owned 6,199 shares in the company, valued at approximately C$242,504.88. The trade was a 18.17% increase in their position. In the last three months, insiders have bought 7,311 shares of company stock valued at $358,222. 0.97% of the stock is owned by corporate insiders.

About ATS

(Get Free Report)

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.

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