What is Raymond James’ Forecast for CVE:AEP FY2024 Earnings?

Atlas Engineered Products Ltd. (CVE:AEP) – Investment analysts at Raymond James decreased their FY2024 earnings per share estimates for Atlas Engineered Products in a report issued on Monday, November 25th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn $0.02 per share for the year, down from their previous estimate of $0.03. Raymond James currently has a “Strong-Buy” rating on the stock. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Other analysts have also recently issued reports about the stock. Cormark decreased their price target on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research note on Tuesday, August 20th. Ventum Financial reduced their price objective on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday.

Atlas Engineered Products Stock Performance

AEP opened at C$1.15 on Wednesday. Atlas Engineered Products has a 1-year low of C$0.93 and a 1-year high of C$1.70. The stock has a market capitalization of C$67.99 million, a PE ratio of 16.43 and a beta of 1.13. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14. The firm has a 50-day moving average price of C$1.28 and a two-hundred day moving average price of C$1.33.

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.