Raymond James Equities Analysts Boost Earnings Estimates for Atlas Engineered Products Ltd. (CVE:AEP)

Atlas Engineered Products Ltd. (CVE:AEP) – Stock analysts at Raymond James lifted their FY2025 earnings per share (EPS) estimates for shares of Atlas Engineered Products in a research report issued to clients and investors on Tuesday, September 17th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of $0.14 per share for the year, up from their previous forecast of $0.13. Raymond James has a “Strong-Buy” rating on the stock. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.07 per share.

A number of other research firms also recently weighed in on AEP. Ventum Cap Mkts upgraded shares of Atlas Engineered Products to a “strong-buy” rating in a research report on Thursday, June 27th. Clarus Securities upgraded Atlas Engineered Products to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, Cormark reduced their target price on Atlas Engineered Products from C$2.20 to C$2.10 in a report on Tuesday, August 20th.

Atlas Engineered Products Price Performance

Shares of Atlas Engineered Products stock opened at C$1.38 on Thursday. The company has a 50-day simple moving average of C$1.32 and a two-hundred day simple moving average of C$1.41. Atlas Engineered Products has a twelve month low of C$0.93 and a twelve month high of C$1.70. The stock has a market capitalization of C$81.59 million, a price-to-earnings ratio of 19.71 and a beta of 1.13. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14.

Atlas Engineered Products (CVE:AEP) last announced its earnings results on Friday, August 16th. The company reported C$0.01 earnings per share (EPS) for the quarter. Atlas Engineered Products had a net margin of 2.90% and a return on equity of 3.90%. The company had revenue of C$15.09 million during the quarter, compared to analysts’ expectations of C$13.95 million.

Insider Transactions at Atlas Engineered Products

In other Atlas Engineered Products news, Director Mohammad Hadi Abassi sold 195,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of C$1.30, for a total transaction of C$253,500.00. 16.92% of the stock is currently owned by insiders.

About Atlas Engineered Products

Atlas Engineered Products Ltd. engages in the design, manufacture, and sale of engineered roof trusses, floor trusses, and wall panels in Canada. The company offers floor joists and floor panels; and design, engineering, permitting, project management, and site assembly services. It also distributes a range of engineered wood products for builders of residential and commercial wood-framed buildings, including single-family homes, townhouses, multi-story wood-framed residential buildings, commercial buildings, and agricultural structures.