Raymond James Weighs in on Atlas Engineered Products Ltd.’s Q3 2024 Earnings (CVE:AEP)

Atlas Engineered Products Ltd. (CVE:AEP) – Raymond James issued their Q3 2024 EPS estimates for shares of Atlas Engineered Products in a research note issued on Wednesday, September 11th. Raymond James analyst D. Swetlishoff expects that the company will earn $0.02 per share for the quarter. Raymond James has a “Strong-Buy” rating on the stock. The consensus estimate for Atlas Engineered Products’ current full-year earnings is $0.07 per share. Raymond James also issued estimates for Atlas Engineered Products’ Q4 2024 earnings at $0.01 EPS, FY2024 earnings at $0.03 EPS and FY2025 earnings at $0.13 EPS.

Other analysts also recently issued reports about the stock. Ventum Cap Mkts raised shares of Atlas Engineered Products to a “strong-buy” rating in a research note on Thursday, June 27th. Cormark dropped their price target on Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th. Finally, Clarus Securities upgraded Atlas Engineered Products to a “strong-buy” rating in a research report on Monday, June 3rd.

Atlas Engineered Products Stock Up 1.4 %

AEP stock opened at C$1.43 on Monday. 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 firm has a market capitalization of C$84.54 million, a P/E ratio of 20.43 and a beta of 1.13. Atlas Engineered Products has a 52-week low of C$0.93 and a 52-week high of C$1.70. The company’s 50 day simple moving average is C$1.32 and its 200-day simple moving average is C$1.42.

Atlas Engineered Products (CVE:AEP) last issued its quarterly earnings results on Friday, August 16th. The company reported C$0.01 earnings per share for the quarter. Atlas Engineered Products had a net margin of 2.90% and a return on equity of 3.90%. The company had revenue of C$15.09 million during the quarter, compared to the consensus estimate of C$13.95 million.

Insider Activity

In other news, Director Mohammad Hadi Abassi sold 195,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$1.30, for a total transaction of C$253,500.00. 16.92% of the stock is currently owned by corporate insiders.

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.