Atlas Engineered Products Ltd. (CVE:AEP – Free Report) – Investment analysts at Cormark cut their Q2 2024 earnings per share (EPS) estimates for shares of Atlas Engineered Products in a research note issued on Thursday, June 27th. Cormark analyst D. Ocampo now forecasts that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.03. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.15 per share. Cormark also issued estimates for Atlas Engineered Products’ FY2024 earnings at $0.04 EPS, Q2 2025 earnings at $0.03 EPS, FY2025 earnings at $0.11 EPS and FY2026 earnings at $0.19 EPS.
AEP has been the subject of several other research reports. Ventum Cap Mkts upgraded Atlas Engineered Products to a “strong-buy” rating in a research note on Thursday. Clarus Securities upgraded Atlas Engineered Products to a “strong-buy” rating in a research note on Monday, June 3rd.
Atlas Engineered Products Price Performance
AEP stock opened at C$1.42 on Monday. The company has a debt-to-equity ratio of 111.14, a quick ratio of 2.31 and a current ratio of 3.89. The company has a market capitalization of C$83.95 million, a price-to-earnings ratio of 20.29 and a beta of 1.15. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week high of C$1.70. The stock has a fifty day moving average of C$1.45 and a 200-day moving average of C$1.37.
Atlas Engineered Products (CVE:AEP – Get Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). The business had revenue of C$9.12 million during the quarter, compared to the consensus estimate of C$9.20 million. Atlas Engineered Products had a net margin of 6.37% and a return on equity of 9.95%.
About Atlas Engineered Products
Atlas Engineered Products Ltd. designs, manufactures, and sells engineered roof trusses, floor trusses, wall panels, and windows 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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