Raymond James Issues Negative Estimate for CVE:AEP Earnings

Atlas Engineered Products Ltd. (CVE:AEP) – Equities researchers at Raymond James reduced their FY2024 earnings per share (EPS) estimates for shares of Atlas Engineered Products in a note issued to investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now expects that the company will earn $0.01 per share for the year, down from their prior estimate of $0.02. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.11 per share. Raymond James also issued estimates for Atlas Engineered Products’ FY2025 earnings at $0.07 EPS and FY2026 earnings at $0.15 EPS.

Separately, 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, November 26th.

Atlas Engineered Products Stock Performance

AEP opened at C$1.24 on Tuesday. The business’s 50 day moving average is C$1.22 and its 200-day moving average is C$1.29. 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 stock has a market cap of C$73.31 million, a PE ratio of 17.71 and a beta of 1.13. Atlas Engineered Products has a twelve month low of C$0.96 and a twelve month high of C$1.70.

About Atlas Engineered Products

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.