Equities Analysts Set Expectations for CVE:AEP Q3 Earnings

Atlas Engineered Products Ltd. (CVE:AEP) – Equities researchers at Cormark dropped their Q3 2024 earnings per share (EPS) estimates for Atlas Engineered Products in a research report issued to clients and investors on Thursday, November 21st. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.01. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Several other analysts have also recently commented on AEP. Raymond James set a C$2.25 target price on Atlas Engineered Products and gave the stock a “strong-buy” rating in a research report on Thursday, September 12th. Ventum Financial decreased their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday.

Atlas Engineered Products Stock Performance

Shares of Atlas Engineered Products stock opened at C$1.15 on Monday. The stock has a market cap of C$67.99 million, a PE ratio of 15.29 and a beta of 1.13. The business has a fifty day simple moving average of C$1.28 and a 200-day simple moving average of C$1.34. 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 has a 12 month low of C$0.93 and a 12 month 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.