ATS (ATS) Set to Announce Earnings on Wednesday

ATS (NYSE:ATS) will announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $507.43 million for the quarter, compared to analysts’ expectations of $502.41 million. ATS had a net margin of 6.11% and a return on equity of 14.63%. On average, analysts expect ATS to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ATS Price Performance

Shares of ATS traded up $0.51 during mid-day trading on Wednesday, hitting $30.34. 35,284 shares of the stock were exchanged, compared to its average volume of 107,724. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.51 and a current ratio of 1.79. The company has a market cap of $2.97 billion, a PE ratio of 22.50 and a beta of 1.17. ATS has a 52-week low of $24.82 and a 52-week high of $44.70. The firm has a 50-day moving average of $28.49 and a two-hundred day moving average of $30.40.

Analyst Ratings Changes

ATS has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. The Goldman Sachs Group decreased their target price on shares of ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

ATS Company Profile

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.