Q3 2024 EPS Estimates for ATS Co. Reduced by Analyst (TSE:ATS)

ATS Co. (TSE:ATSFree Report) – Analysts at Cormark dropped their Q3 2024 earnings per share estimates for ATS in a research note issued to investors on Monday, February 5th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.62 for the quarter, down from their prior estimate of $0.74. The consensus estimate for ATS’s current full-year earnings is $2.90 per share. Cormark also issued estimates for ATS’s Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.51 EPS, Q1 2025 earnings at $0.63 EPS, Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.68 EPS, FY2025 earnings at $2.60 EPS and FY2026 earnings at $2.93 EPS.

A number of other analysts have also recently weighed in on ATS. Stifel Nicolaus decreased their price objective on ATS from C$75.00 to C$73.00 and set a “buy” rating for the company in a research report on Thursday. National Bankshares reduced their price objective on ATS from C$69.00 to C$65.00 and set an “outperform” rating on the stock in a research note on Thursday. Raymond James boosted their price target on ATS from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a C$65.00 price objective on shares of ATS in a report on Monday. Finally, Scotiabank lowered ATS from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$64.00 to C$61.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, ATS presently has a consensus rating of “Moderate Buy” and an average target price of C$66.57.

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ATS Trading Down 5.5 %

ATS opened at C$55.19 on Thursday. ATS has a one year low of C$45.64 and a one year high of C$64.80. The stock has a market cap of C$5.46 billion, a P/E ratio of 33.65 and a beta of 1.54. The firm has a 50-day simple moving average of C$56.65.

ATS (TSE:ATSGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.67 by C($0.04). ATS had a net margin of 5.47% and a return on equity of 12.21%. The firm had revenue of C$735.72 million during the quarter, compared to analysts’ expectations of C$718.23 million.

ATS Company Profile

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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.

Further Reading

Earnings History and Estimates for ATS (TSE:ATS)

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