FY2024 EPS Estimates for CVE:AEP Cut by Clarus Securities

Atlas Engineered Products Ltd. (CVE:AEP) – Clarus Securities cut their FY2024 earnings per share estimates for shares of Atlas Engineered Products in a research note issued to investors on Tuesday, November 26th. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings of $0.01 per share for the year, down from their previous forecast of $0.04. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share. Clarus Securities also issued estimates for Atlas Engineered Products’ Q4 2024 earnings at $0.00 EPS.

Several other research analysts have also weighed in on AEP. 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 note on Thursday, September 12th. Cormark cut their price target on Atlas Engineered Products from C$2.20 to C$2.10 in a report on Tuesday, August 20th. Finally, Ventum Financial decreased their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday.

Atlas Engineered Products Price Performance

Shares of AEP opened at C$1.14 on Thursday. 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 company’s fifty day simple moving average is C$1.27 and its 200 day simple moving average is C$1.33. 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 market cap of C$67.40 million, a price-to-earnings ratio of 16.29 and a beta of 1.13.

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.