Cormark Issues Positive Outlook for CVE:AEP Earnings

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

A number of other brokerages also recently issued reports on AEP. Ventum Financial cut their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a research note 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 Trading Down 0.9 %

Shares of Atlas Engineered Products stock opened at C$1.14 on Wednesday. Atlas Engineered Products has a 1-year low of C$0.93 and a 1-year high of C$1.70. The stock has a market cap of C$67.40 million, a P/E ratio of 16.29 and a beta of 1.13. 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 stock’s 50 day simple moving average is C$1.27 and its 200-day simple moving average is 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.