Cormark Issues Optimistic Outlook for CVE:AEP Earnings

Atlas Engineered Products Ltd. (CVE:AEP) – Equities researchers at Cormark raised their Q4 2024 earnings estimates for Atlas Engineered Products in a research note issued on Tuesday, November 26th. Cormark analyst D. Ocampo now expects that the company will post earnings per share of $0.00 for the quarter, up from their prior forecast of ($0.01). The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Other equities research analysts have also issued research reports about the company. Ventum Financial dropped their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday. 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

AEP opened at C$1.15 on Wednesday. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The company has a market capitalization of C$67.99 million, a price-to-earnings ratio of 16.43 and a beta of 1.13. The business’s 50-day moving average price is C$1.28 and its two-hundred day moving average price 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.

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.