ATS (TSE:ATS) Posts Quarterly Earnings Results

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

ATS Stock Performance

ATS stock opened at C$28.69 on Friday. The firm has a market capitalization of C$2.78 billion, a P/E ratio of 39.30 and a beta of 1.20. The business has a 50-day moving average of C$38.77 and a 200-day moving average of C$41.28. ATS has a 1 year low of C$28.00 and a 1 year high of C$49.48.

Insiders Place Their Bets

In other news, insider Miroslav Kafedzhiev purchased 4,737 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, for a total transaction of C$185,311.44. Following the transaction, the insider directly owned 4,737 shares of the company’s stock, valued at approximately C$185,311.44. The trade was a ∞ increase in their position. Also, insider Anne Cybulski acquired 289 shares of ATS stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of C$289.00 per share, for a total transaction of C$83,521.00. Following the purchase, the insider directly owned 876 shares in the company, valued at C$253,164. The trade was a 49.23% increase in their ownership of the stock. Insiders acquired a total of 7,311 shares of company stock worth $358,222 over the last ninety days. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

ATS has been the topic of several recent research reports. Desjardins set a C$52.00 price target on ATS and gave the company a “buy” rating in a report on Wednesday, June 17th. Royal Bank Of Canada dropped their price objective on ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. TD upped their target price on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Scotiabank raised their target price on shares of ATS from C$48.00 to C$51.00 and gave the company 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 MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$50.43.

About ATS

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.