National Bank Financial research analysts raise earnings estimates for ATS Automation Tooling Systems Inc. (TSE: ATA)
ATS Automation Tooling Systems Inc. (TSE: ATA – Get Rating) – Equity research analysts at National Bank Financial have raised their second quarter 2023 earnings per share (EPS) estimates for ATS Automation Tooling Systems in a research note released to investors Wednesday, August 10. National Bank Financial analyst Sytchev now expects the company to earn $0.55 per share for the quarter, up from his previous forecast of $0.54. The consensus estimate for ATS Automation Tooling Systems’ current annual earnings is $2.60 per share. National Bank Financial also released estimates for ATS Automation Tooling Systems Q3 2023 earnings at $0.57 EPS, FY2023 earnings at $2.36 EPS and FY2024 earnings at $2.51 EPS.
ATS Automation Tooling Systems (TSE: ATA – Get Rating) last released quarterly earnings data on Thursday, May 19. The company reported earnings per share (EPS) of C$0.64 for the quarter, beating the consensus estimate of C$0.49 by C$0.15. The company posted revenue of C$603.20 million in the quarter, compared to analyst estimates of C$593.15 million.
Other analysts have also recently published research reports on the stock. TD Securities raised its target price on ATS Automation Tooling Systems stock from C$51.00 to C$52.00 and gave the company a “buy” rating in a Friday 20 research report. may. Scotiabank raised its target price on shares of ATS Automation Tooling Systems from C$55.00 to C$60.00 in a research report on Thursday. National Bankshares raised its target price on shares of ATS Automation Tooling Systems from C$52.00 to C$55.00 in a research report Thursday. Cormark cut its target price on ATS Automation Tooling Systems stock from C$68.00 to C$58.00 and set a “buy” rating for the company in a research report on Friday, May 20. Finally, Laurentian lowered its target price on shares of ATS Automation Tooling Systems from C$59.00 to C$50.00 in a Friday, May 20 research report. Seven investment analysts have rated the stock with a buy rating. According to data from MarketBeat, ATS Automation Tooling Systems currently has an average rating of “Buy” and a consensus price target of CA$56.86.
ATS Automation Tooling Systems Inventory Performance
ATS Automation Tooling Systems stock opened at C$46.01 on Friday. The company has a 50-day moving average of C$37.75 and a 200-day moving average of C$40.64. ATS Automation Tooling Systems has a 1 year minimum of C$30.60 and a 1 year maximum of C$53.65. The company has a debt ratio of 112.13, a current ratio of 1.36 and a quick ratio of 1.04. The company has a market capitalization of C$4.22 billion and a P/E ratio of 35.12.
About ATS Automation Tooling Systems
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ATS Automation Tooling Systems Inc, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in the planning, design, construction, commissioning and maintenance of automated manufacturing and assembly systems, including automation products and test solutions. It offers enterprise solutions in the areas of project management; selection and coordination of the team of partners/suppliers/suppliers; facility layouts and operational design; developing a business case and justification for the project; post-project service, spare parts and support; and system design, build, integration, commissioning, validation, training, and start-up.
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