FY2024 EPS Estimates for CVE:AEP Reduced by Ventum Cap Mkts

Atlas Engineered Products Ltd. (CVE:AEP) – Equities research analysts at Ventum Cap Mkts reduced their FY2024 earnings estimates for Atlas Engineered Products in a research note issued on Tuesday, November 19th. Ventum Cap Mkts analyst A. Semple now expects that the company will earn $0.02 per share for the year, down from their previous estimate of $0.03. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share. Ventum Cap Mkts also issued estimates for Atlas Engineered Products’ FY2025 earnings at $0.07 EPS.

A number of other equities analysts also recently weighed in on AEP. Cormark cut 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. Raymond James set a C$2.25 price objective on shares of Atlas Engineered Products and gave the stock a “strong-buy” rating in a research report on Thursday, September 12th.

Atlas Engineered Products Stock Performance

CVE:AEP opened at C$1.09 on Friday. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. The company has a market cap of C$64.44 million, a P/E ratio of 15.57 and a beta of 1.13. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week high of C$1.70. The firm’s 50 day moving average is C$1.30 and its two-hundred day moving average is C$1.35.

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.