Scotiabank Weighs in on ATS’s FY2027 Earnings (TSE:ATS)

ATS Co. (TSE:ATS) – Analysts at Scotiabank dropped their FY2027 earnings per share estimates for ATS in a research note issued to investors on Wednesday, July 29th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $1.89 per share for the year, down from their previous estimate of $1.97. Scotiabank has a “Sector Outperform” rating and a $51.00 price objective on the stock.

ATS (TSE:ATS) last released its quarterly earnings data on Thursday, May 28th. The company reported C$0.36 earnings per share for the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.The firm had revenue of C$744.30 million during the quarter.

A number of other equities research analysts have also commented on the stock. Desjardins set a C$52.00 price target on shares of ATS and gave the company a “buy” rating in a report on Wednesday, June 17th. TD raised their price target on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Royal Bank Of Canada decreased their price objective on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$50.43.

ATS Stock Performance

Shares of ATS stock opened at C$37.31 on Thursday. ATS has a 52-week low of C$33.72 and a 52-week high of C$49.48. The company’s 50 day moving average price is C$39.92 and its 200-day moving average price is C$41.48. The stock has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 51.11 and a beta of 1.20.

Insider Transactions at ATS

In related news, insider Jeff Adamson acquired 953 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of C$39.12 per share, for a total transaction of C$37,281.36. Following the acquisition, the insider owned 6,199 shares of the company’s stock, valued at C$242,504.88. This trade represents a 18.17% increase in their ownership of the stock. Also, insider Miroslav Kafedzhiev bought 4,737 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of C$39.12 per share, with a total value of C$185,311.44. Following the completion of the transaction, the insider owned 4,737 shares in the company, valued at approximately C$185,311.44. This trade represents a ∞ increase in their position. In the last quarter, insiders purchased 7,311 shares of company stock worth $358,222. Corporate insiders own 0.97% of the company’s stock.

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.