FY2024 EPS Estimates for CVE:AEP Cut by Clarus Securities

Atlas Engineered Products Ltd. (CVE:AEP - Free Report) - Investment analysts at Clarus Securities decreased their FY2024 EPS estimates for shares of Atlas Engineered Products in a report issued on Tuesday, November 26th. Clarus Securities analyst S. Kammermayer now anticipates that the company will earn $0.01 per share for the year, down from their previous 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.

Several other analysts have also recently issued reports on the stock. Ventum Financial lowered their price objective on shares of 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 target on Atlas Engineered Products and gave the stock a "strong-buy" rating in a research note on Thursday, September 12th. Finally, Cormark reduced their price objective on Atlas Engineered Products from C$2.20 to C$2.10 in a research note on Tuesday, August 20th.

Atlas Engineered Products Trading Down 0.9 %

AEP stock traded down C$0.01 on Thursday, hitting C$1.14. 46,845 shares of the company were exchanged, compared to its average volume of 126,282. 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 has a market capitalization of C$67.40 million, a price-to-earnings ratio of 16.43 and a beta of 1.13. Atlas Engineered Products has a twelve month low of C$0.93 and a twelve month high of C$1.70. The business's fifty day moving average is C$1.27 and its two-hundred day 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.