Brokers Issue Forecasts for CVE:AEP FY2024 Earnings

Atlas Engineered Products Ltd. (CVE:AEP) – Investment analysts at Clarus Securities decreased their FY2024 earnings per share estimates for shares of Atlas Engineered Products in a research note issued to investors on Tuesday, November 26th. Clarus Securities analyst S. Kammermayer now expects that the company will earn $0.01 per share for the year, down from their prior estimate 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.

A number of other brokerages have also recently commented on AEP. Cormark dropped their price target on 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 target price on Atlas Engineered Products and gave the stock a “strong-buy” rating in a research report on Thursday, September 12th. Finally, Ventum Financial lowered their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday.

Atlas Engineered Products Price Performance

Shares of AEP opened at C$1.15 on Thursday. Atlas Engineered Products has a 52 week low of C$0.93 and a 52 week high of C$1.70. The stock has a market capitalization of C$67.99 million, a price-to-earnings ratio of 16.43 and a beta of 1.13. 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 fifty day moving average of C$1.27 and a 200-day moving average of C$1.33.

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.