Clarus Securities Comments on CVE:AEP FY2024 Earnings

Atlas Engineered Products Ltd. (CVE:AEP) – Stock analysts at Clarus Securities lowered 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 forecasts that the company will post earnings per share of $0.01 for the year, down from their prior 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.

Other equities research analysts have also recently issued research reports about the stock. Cormark cut their price objective on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th. Raymond James set a C$2.25 price target on shares of Atlas Engineered Products and gave the stock a “strong-buy” rating in a report on Thursday, September 12th. Finally, Ventum Financial decreased their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research note on Tuesday.

Atlas Engineered Products Stock Performance

CVE:AEP opened at C$1.14 on Thursday. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week 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. The stock has a fifty day moving average price of C$1.27 and a 200-day moving average price of C$1.33.

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.