FY2024 Earnings Estimate for CVE:AEP Issued By Raymond James

Atlas Engineered Products Ltd. (CVE:AEP) – Equities researchers at Raymond James cut their FY2024 earnings estimates for shares of Atlas Engineered Products in a research report issued on Monday, November 25th. Raymond James analyst D. Swetlishoff now expects that the company will earn $0.02 per share for the year, down from their prior estimate of $0.03. Raymond James has a “Strong-Buy” rating on the stock. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share.

Other equities analysts have also issued reports about the company. Ventum Financial reduced their price target on Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday. Cormark reduced their target price on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th.

Atlas Engineered Products Price Performance

Shares of CVE AEP opened at C$1.14 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. 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 capitalization of C$67.40 million, a price-to-earnings ratio of 16.29 and a beta of 1.13. The business has a 50-day moving average of C$1.27 and a 200-day moving average 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.