What is Ventum Cap Mkts’ Forecast for CVE:AEP Q3 Earnings?

Atlas Engineered Products Ltd. (CVE:AEP) – Equities research analysts at Ventum Cap Mkts cut their Q3 2024 EPS estimates for Atlas Engineered Products in a note issued to investors on Tuesday, November 19th. Ventum Cap Mkts analyst A. Semple now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.02. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Other analysts have also recently issued reports about the stock. Cormark reduced their target price on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research note on Tuesday, August 20th. Raymond James set a C$2.25 price target on shares of Atlas Engineered Products and gave the company a “strong-buy” rating in a research report on Thursday, September 12th.

Atlas Engineered Products Stock Performance

AEP stock opened at C$1.11 on Thursday. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. The stock has a market cap of C$65.62 million, a P/E ratio of 15.86 and a beta of 1.13. The firm has a 50 day simple moving average of C$1.30 and a 200 day simple moving average of C$1.35. Atlas Engineered Products has a 52 week low of C$0.93 and a 52 week high of C$1.70.

Atlas Engineered Products Company Profile

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.