Analysts Set Expectations for CVE:AEP FY2024 Earnings

Atlas Engineered Products Ltd. (CVE:AEPFree Report) – Investment analysts at Clarus Securities decreased their FY2024 earnings per share estimates for shares of Atlas Engineered Products in a research report issued on Tuesday, November 26th. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings per share of $0.01 for the year, down from their previous forecast of $0.04. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share. Clarus Securities also issued estimates for Atlas Engineered Products’ Q4 2024 earnings at $0.00 EPS.

Several other brokerages also recently commented on AEP. Cormark reduced their target price on Atlas Engineered Products from C$2.20 to C$2.10 in a research note on Tuesday, August 20th. Ventum Financial cut their price target on Atlas Engineered Products from C$2.00 to C$1.75 in a research note on Tuesday. Finally, Raymond James set a C$2.25 price target on Atlas Engineered Products and gave the company a “strong-buy” rating in a research note on Thursday, September 12th.

Check Out Our Latest Stock Analysis on Atlas Engineered Products

Atlas Engineered Products Stock Performance

Shares of AEP opened at C$1.15 on Thursday. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The stock has a 50-day moving average of C$1.27 and a 200-day moving average of C$1.33. The company has a market cap of C$67.99 million, a PE ratio of 16.43 and a beta of 1.13. Atlas Engineered Products has a one year low of C$0.93 and a one year high of C$1.70.

About Atlas Engineered Products

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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.

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Earnings History and Estimates for Atlas Engineered Products (CVE:AEP)

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