ATS (NYSE:ATS) Releases Earnings Results, Beats Expectations By $0.02 EPS

ATS (NYSE:ATS) announced its quarterly earnings results on Wednesday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02, Zacks reports. ATS had a negative net margin of 0.08% and a positive return on equity of 8.90%. The company had revenue of $524.03 million for the quarter, compared to analysts’ expectations of $721.51 million. During the same period in the prior year, the company posted $0.25 EPS. ATS’s revenue was up 18.9% compared to the same quarter last year. ATS updated its Q3 2026 guidance to EPS.

ATS Trading Down 4.7%

Shares of NYSE:ATS traded down $1.39 on Thursday, hitting $28.17. The company had a trading volume of 153,772 shares, compared to its average volume of 86,685. The firm’s 50-day simple moving average is $27.02 and its two-hundred day simple moving average is $28.25. ATS has a 1 year low of $20.90 and a 1 year high of $33.13. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -2,814.19 and a beta of 1.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Scotiabank raised shares of ATS from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of ATS from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On ATS

Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of ATS by 79.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company’s stock worth $10,821,000 after purchasing an additional 191,842 shares during the period. First Trust Advisors LP lifted its position in shares of ATS by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 120,088 shares of the company’s stock worth $3,830,000 after purchasing an additional 3,382 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of ATS by 7.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 50,516 shares of the company’s stock worth $1,612,000 after purchasing an additional 3,645 shares during the period. Jane Street Group LLC lifted its position in shares of ATS by 29.7% in the 1st quarter. Jane Street Group LLC now owns 42,085 shares of the company’s stock worth $1,049,000 after purchasing an additional 9,636 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. lifted its position in shares of ATS by 11.7% in the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 31,600 shares of the company’s stock worth $1,006,000 after purchasing an additional 3,320 shares during the period. 75.84% of the stock is owned by hedge funds and other institutional investors.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.