Q3 2024 EPS Estimates for ATS Co. Reduced by Cormark (NYSE:ATS)

ATS Co. (NYSE:ATSFree Report) – Stock analysts at Cormark cut their Q3 2024 earnings estimates for ATS in a research note issued to investors on Monday, February 5th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $0.46 per share for the quarter, down from their prior estimate of $0.54. The consensus estimate for ATS’s current full-year earnings is $1.88 per share. Cormark also issued estimates for ATS’s Q4 2024 earnings at $0.47 EPS, FY2024 earnings at $1.85 EPS, Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.50 EPS and FY2025 earnings at $1.92 EPS.

Several other analysts have also weighed in on the stock. TheStreet upgraded shares of ATS from a “c+” rating to a “b” rating in a research note on Monday, December 11th. JPMorgan Chase & Co. began coverage on ATS in a report on Wednesday, December 20th. They set a “neutral” rating and a $45.00 target price for the company. Finally, Royal Bank of Canada lowered their price objective on ATS from $69.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th.

View Our Latest Stock Report on ATS

ATS Stock Down 2.2 %

Shares of ATS stock opened at $40.20 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.73 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.98 billion and a P/E ratio of 30.00. ATS has a fifty-two week low of $33.02 and a fifty-two week high of $48.89. The business has a 50-day moving average price of $42.25 and a 200 day moving average price of $41.22.

ATS (NYSE:ATSGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). ATS had a net margin of 5.89% and a return on equity of 18.12%. The company had revenue of $552.45 million for the quarter, compared to analysts’ expectations of $536.95 million.

Institutional Trading of ATS

Several institutional investors have recently made changes to their positions in ATS. US Bancorp DE boosted its position in ATS by 101,071.4% during the fourth quarter. US Bancorp DE now owns 7,082 shares of the company’s stock valued at $305,000 after purchasing an additional 7,075 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of ATS during the 4th quarter valued at about $315,000. Franklin Resources Inc. lifted its holdings in shares of ATS by 10.9% during the 4th quarter. Franklin Resources Inc. now owns 5,624 shares of the company’s stock valued at $242,000 after buying an additional 555 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its stake in ATS by 0.8% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 1,165,819 shares of the company’s stock valued at $50,492,000 after acquiring an additional 9,804 shares during the last quarter. Finally, Norges Bank acquired a new stake in ATS in the fourth quarter valued at approximately $40,685,000. 75.13% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for ATS (NYSE:ATS)

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