Scotiabank Has Pessimistic Outlook of ATS FY2027 Earnings

ATS Corporation (NYSE:ATS) – Stock analysts at Scotiabank cut their FY2027 earnings per share estimates for shares of ATS in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings of $1.00 per share for the year, down from their previous estimate 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.

A number of other equities research analysts have also commented on ATS. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday. Desjardins initiated coverage on shares of ATS in a research report on Tuesday, June 16th. They set a “buy” rating on the stock. Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, TD Securities lowered shares of ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ATS presently has a consensus rating of “Hold” and an average price target of $42.50.

ATS Stock Performance

ATS stock opened at $19.26 on Monday. The stock has a 50-day simple moving average of $25.57 and a 200 day simple moving average of $29.09. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 56.64 and a beta of 1.22. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.75. ATS has a 12-month low of $19.05 and a 12-month high of $35.82.

ATS (NYSE:ATS) 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). ATS had a return on equity of 8.96% and a net margin of 1.60%.The business had revenue of $488.38 million for the quarter, compared to the consensus estimate of $509.71 million. During the same quarter in the previous year, the company posted $0.41 EPS. ATS’s revenue for the quarter was down 5.8% on a year-over-year basis.

Institutional Trading of ATS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. lifted its position in ATS by 3.0% during the 2nd 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 period. Susquehanna International Group LLP acquired a new stake in shares of ATS during the 2nd quarter worth approximately $1,001,000. Van ECK Associates Corp grew its position in shares of ATS by 91.6% during the 2nd quarter. Van ECK Associates Corp now owns 46,507 shares of the company’s stock worth $1,339,000 after buying an additional 22,236 shares during the period. Hill City Capital LP bought a new stake in shares of ATS during the second quarter worth approximately $47,482,884,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of ATS during the second quarter worth approximately $817,000. 75.84% of the stock is currently owned by institutional investors and hedge funds.

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.