ATS (TSE:ATS) Issues Earnings Results

ATS (TSE:ATS) posted its quarterly earnings data on Thursday. The company reported C$0.36 EPS for the quarter, FiscalAI reports. ATS had a net margin of 0.67% and a return on equity of 1.09%. The firm had revenue of C$744.30 million during the quarter.

ATS Trading Down 14.3%

ATS stock opened at C$42.00 on Friday. The company has a market capitalization of C$4.07 billion, a P/E ratio of 221.05 and a beta of 0.97. The firm’s fifty day simple moving average is C$43.63 and its 200-day simple moving average is C$40.95. ATS has a 1-year low of C$33.72 and a 1-year high of C$49.48.

Insider Buying and Selling at ATS

In other ATS news, insider Doug Wright purchased 8,600 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average price of C$40.20 per share, for a total transaction of C$345,720.00. Following the acquisition, the insider owned 8,600 shares of the company’s stock, valued at C$345,720. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their target price on shares of ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$50.20.

ATS Company Profile

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.