FY2024 Earnings Forecast for CVE:AEP Issued By Raymond James

Atlas Engineered Products Ltd. (CVE:AEP) – Investment analysts at Raymond James decreased their FY2024 EPS estimates for Atlas Engineered Products in a research note issued to investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now anticipates that the company will earn $0.01 per share for the year, down from their prior estimate of $0.02. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share. Raymond James also issued estimates for Atlas Engineered Products’ FY2025 earnings at $0.07 EPS and FY2026 earnings at $0.15 EPS.

Separately, Ventum Financial lowered their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th.

Atlas Engineered Products Stock Down 0.8 %

Shares of AEP opened at C$1.24 on Tuesday. Atlas Engineered Products has a 52-week low of C$0.96 and a 52-week high of C$1.70. The company has a market capitalization of C$73.31 million, a PE ratio of 17.71 and a beta of 1.13. The stock has a fifty day simple moving average of C$1.22 and a two-hundred day simple moving average of C$1.29. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14.

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.