FY2024 Earnings Forecast for CVE:AEP Issued By Raymond James

Atlas Engineered Products Ltd. (CVE:AEP) – Equities researchers at Raymond James dropped their FY2024 earnings per share estimates for Atlas Engineered Products in a research note issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings per share of $0.01 for the year, down from their previous estimate of $0.02. Raymond James currently has a “Strong-Buy” rating and a $2.10 price target on the stock. 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 dropped their price objective on Atlas Engineered Products from C$2.00 to C$1.75 in a research note on Tuesday, November 26th.

Atlas Engineered Products Trading Down 1.6 %

Shares of Atlas Engineered Products stock opened at C$1.22 on Tuesday. Atlas Engineered Products has a fifty-two week low of C$0.96 and a fifty-two week high of C$1.70. The stock has a 50 day moving average of C$1.22 and a 200 day moving average of C$1.29. The firm has a market capitalization of C$72.13 million, a price-to-earnings ratio of 17.43 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.

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.