What is Cormark’s Estimate for CVE:AEP Q3 Earnings?

Atlas Engineered Products Ltd. (CVE:AEP) – Equities research analysts at Cormark lowered their Q3 2024 earnings estimates for shares of Atlas Engineered Products in a report released on Thursday, November 21st. Cormark analyst D. Ocampo now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.01. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Separately, Raymond James set a C$2.25 price target on Atlas Engineered Products and gave the company a “strong-buy” rating in a research note on Thursday, September 12th.

Atlas Engineered Products Stock Performance

CVE:AEP opened at C$1.09 on Monday. The stock’s 50-day moving average is C$1.29 and its 200-day moving average is C$1.34. Atlas Engineered Products has a 1-year low of C$0.93 and a 1-year high of C$1.70. 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 stock has a market cap of C$64.44 million, a P/E ratio of 15.57 and a beta of 1.13.

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.