Q3 EPS Estimates for CVE:AEP Decreased by Ventum Cap Mkts

Atlas Engineered Products Ltd. (CVE:AEP) – Equities researchers at Ventum Cap Mkts dropped their Q3 2024 earnings estimates for shares of Atlas Engineered Products in a note issued to investors on Tuesday, November 19th. Ventum Cap Mkts analyst A. Semple now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.02. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

AEP has been the subject of several other research reports. Raymond James set a C$2.25 price objective on shares of Atlas Engineered Products and gave the company a “strong-buy” rating in a research note on Thursday, September 12th. Cormark reduced their price objective on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research note on Tuesday, August 20th.

Atlas Engineered Products Price Performance

Shares of CVE:AEP opened at C$1.11 on Thursday. The company has a market cap of C$65.62 million, a price-to-earnings ratio of 15.86 and a beta of 1.13. The firm’s 50-day simple moving average is C$1.30 and its 200-day simple moving average is C$1.35. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week high of C$1.70.

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.